Okta (NASDAQ:OKTA) Stock Price Up 8.7% – Here’s Why

Posted by Geri Gentry on Sep 14th, 2026

Okta, Inc. (NASDAQ:OKTA – Get Free Report)’s share price was up 8.7% during mid-day trading on Monday . The company traded as high as $177.89 and last traded at $180.98. 798,069 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 3,548,049 shares. The stock had previously closed at $166.50.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on OKTA shares. Wall Street Zen raised shares of Okta from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Stifel Nicolaus set a $180.00 target price on Okta in a research report on Thursday, August 27th. Morgan Stanley upped their price target on Okta from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 27th. Wedbush restated an “outperform” rating and set a $60.00 price target on shares of Okta in a research report on Friday, May 29th. Finally, Wells Fargo & Company lifted their price objective on Okta from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Okta currently has a consensus rating of “Moderate Buy” and an average price target of $173.45.

Read Our Latest Analysis on OKTA

Okta Stock Up 11.3%

The firm has a market cap of $32.40 billion, a PE ratio of 111.81, a price-to-earnings-growth ratio of 5.18 and a beta of 0.79. The business has a 50-day moving average price of $149.44 and a two-hundred day moving average price of $111.74.

Okta (NASDAQ:OKTA – Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.09. The business had revenue of $805.00 million during the quarter, compared to analysts’ expectations of $793.00 million. Okta had a return on equity of 4.50% and a net margin of 9.63%.The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. On average, equities research analysts predict that Okta, Inc. will post 1.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Okta news, insider Eric Kelleher sold 3,977 shares of Okta stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $114.10, for a total transaction of $453,775.70. Following the completion of the sale, the insider directly owned 19,618 shares of the company’s stock, valued at $2,238,413.80. The trade was a 16.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brett Tighe sold 41,251 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $162.44, for a total value of $6,700,812.44. Following the sale, the chief financial officer directly owned 7,693 shares in the company, valued at $1,249,650.92. This trade represents a 84.28% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 155,376 shares of company stock valued at $23,734,135 in the last three months. Corporate insiders own 4.61% of the company’s stock.

Institutional Trading of Okta

Several institutional investors have recently modified their holdings of the stock. Eurizon Capital SGR S.p.A. purchased a new position in shares of Okta during the fourth quarter worth about $3,122,000. Swedbank AB lifted its holdings in shares of Okta by 124.3% in the 4th quarter. Swedbank AB now owns 1,819,081 shares of the company’s stock valued at $157,296,000 after purchasing an additional 1,007,915 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Okta by 13,755.2% in the 2nd quarter. California State Teachers Retirement System now owns 36,276,597 shares of the company’s stock valued at $4,949,942,000 after purchasing an additional 36,014,770 shares during the last quarter. Diversify Wealth Management LLC acquired a new stake in shares of Okta in the 1st quarter valued at about $2,077,000. Finally, Torque Asset Management LLC boosted its position in shares of Okta by 40.5% in the 4th quarter. Torque Asset Management LLC now owns 289,141 shares of the company’s stock valued at $25,002,000 after purchasing an additional 83,337 shares during the period. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Okta Company Profile

(Get Free Report)

Okta, Inc provides cloud-based identity and access management solutions for organizations. Its platform helps businesses securely connect employees, customers, partners and applications while managing authentication, authorization and user access across cloud, on-premises and mobile environments.

The company’s offerings include single sign-on, multifactor authentication, adaptive access controls, lifecycle management, identity governance and privileged access capabilities. Through its Customer Identity Cloud, powered by Auth0, Okta also provides tools for developers and businesses to embed authentication and authorization features into applications and digital services.

Founded in 2009 by Todd McKinnon and Frederic Kerrest, Okta completed its initial public offering in 2017.