Barclays Issues Pessimistic Forecast for Okta (NASDAQ:OKTA) Stock Price

Okta (NASDAQ:OKTA) had its price target lowered by Barclays from $120.00 to $100.00 in a report issued on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other brokerages have also issued reports on OKTA. Needham & Company LLC increased their price target on shares of Okta from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, May 28th. BTIG Research reiterated a “buy” rating on shares of Okta in a research note on Thursday, May 22nd. Stifel Nicolaus increased their price target on shares of Okta from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, May 28th. Loop Capital assumed coverage on shares of Okta in a research note on Monday, May 5th. They issued a “buy” rating and a $140.00 price target for the company. Finally, The Goldman Sachs Group raised their price objective on shares of Okta from $123.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, May 28th. Twenty analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Okta has an average rating of “Hold” and an average price target of $118.06.

Okta Stock Down 0.1%

Shares of Okta stock opened at $91.03 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.47 and a quick ratio of 1.47. The company has a 50-day moving average of $95.94 and a 200 day moving average of $102.47. The firm has a market cap of $15.94 billion, a price-to-earnings ratio of 144.49, a PEG ratio of 4.41 and a beta of 0.80. Okta has a 1 year low of $70.56 and a 1 year high of $127.57.

Okta (NASDAQ:OKTA) last issued its quarterly earnings results on Tuesday, May 27th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.09. The company had revenue of $688.00 million during the quarter, compared to analyst estimates of $680.14 million. Okta had a net margin of 4.85% and a return on equity of 2.79%. Okta’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS. Okta has set its Q2 2026 guidance at 0.830-0.840 EPS. FY 2026 guidance at 3.230-3.280 EPS. As a group, sell-side analysts anticipate that Okta will post 0.42 earnings per share for the current fiscal year.

Insider Transactions at Okta

In other news, CFO Brett Tighe sold 10,000 shares of Okta stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $95.00, for a total value of $950,000.00. Following the completion of the sale, the chief financial officer directly owned 132,288 shares in the company, valued at $12,567,360. The trade was a 7.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Jonathan James Addison sold 9,000 shares of Okta stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $100.00, for a total transaction of $900,000.00. Following the completion of the sale, the executive owned 7,067 shares of the company’s stock, valued at $706,700. This represents a 56.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 88,594 shares of company stock valued at $8,382,790. Company insiders own 5.68% of the company’s stock.

Institutional Trading of Okta

A number of large investors have recently made changes to their positions in the stock. TD Private Client Wealth LLC grew its stake in shares of Okta by 19.6% in the first quarter. TD Private Client Wealth LLC now owns 561 shares of the company’s stock worth $59,000 after acquiring an additional 92 shares during the period. Allworth Financial LP boosted its holdings in shares of Okta by 5.7% in the first quarter. Allworth Financial LP now owns 1,708 shares of the company’s stock worth $173,000 after buying an additional 92 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Okta by 12.6% in the first quarter. Smartleaf Asset Management LLC now owns 824 shares of the company’s stock worth $89,000 after buying an additional 92 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in shares of Okta by 7.2% in the first quarter. GPS Wealth Strategies Group LLC now owns 1,484 shares of the company’s stock worth $156,000 after buying an additional 100 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Okta by 18.9% in the first quarter. First Horizon Advisors Inc. now owns 678 shares of the company’s stock worth $71,000 after buying an additional 108 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors.

About Okta

Okta, Inc operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials.