Okta, Inc. (NASDAQ:OKTA) Receives $118.94 Average PT from Brokerages

Shares of Okta, Inc. (NASDAQ:OKTA) have earned a consensus rating of “Hold” from the thirty-nine analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-two have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $118.9444.

Several brokerages have recently issued reports on OKTA. Royal Bank Of Canada reissued an “outperform” rating and set a $115.00 price target on shares of Okta in a report on Friday, September 26th. BMO Capital Markets reduced their price target on shares of Okta from $132.00 to $112.00 and set a “market perform” rating for the company in a report on Wednesday, August 27th. Needham & Company LLC reissued a “buy” rating and set a $125.00 price target on shares of Okta in a report on Wednesday, August 27th. Robert W. Baird reduced their price target on shares of Okta from $142.00 to $135.00 and set an “outperform” rating for the company in a report on Monday, September 29th. Finally, Guggenheim reissued a “buy” rating and set a $138.00 price target on shares of Okta in a report on Wednesday, August 27th.

Insiders Place Their Bets

In related news, insider Larissa Schwartz sold 1,318 shares of the company’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $91.65, for a total value of $120,794.70. Following the completion of the sale, the insider owned 37,837 shares of the company’s stock, valued at $3,467,761.05. This represents a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Eric Robert Kelleher sold 2,410 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $91.73, for a total transaction of $221,069.30. Following the completion of the sale, the insider directly owned 9,174 shares of the company’s stock, valued at $841,531.02. The trade was a 20.80% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,249 shares of company stock valued at $9,809,471. Corporate insiders own 5.68% of the company’s stock.

Institutional Investors Weigh In On Okta

Several institutional investors have recently bought and sold shares of OKTA. Wolff Wiese Magana LLC lifted its holdings in Okta by 167.4% in the first quarter. Wolff Wiese Magana LLC now owns 246 shares of the company’s stock worth $26,000 after purchasing an additional 154 shares during the period. Pinnacle Bancorp Inc. bought a new stake in Okta in the second quarter worth about $26,000. Wayfinding Financial LLC bought a new stake in Okta in the first quarter worth about $27,000. Harbour Investments Inc. raised its position in Okta by 152.4% in the first quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock worth $27,000 after acquiring an additional 157 shares in the last quarter. Finally, Promus Capital LLC bought a new stake in Okta in the second quarter worth about $27,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

Okta Price Performance

OKTA stock opened at $87.43 on Thursday. Okta has a 1-year low of $70.92 and a 1-year high of $127.57. The firm has a fifty day moving average price of $91.23 and a two-hundred day moving average price of $99.13. The firm has a market cap of $15.31 billion, a price-to-earnings ratio of 102.86, a PEG ratio of 4.29 and a beta of 0.84.

Okta (NASDAQ:OKTA) last released its earnings results on Tuesday, August 26th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.07. Okta had a net margin of 6.08% and a return on equity of 3.31%. The firm had revenue of $728,000 billion during the quarter, compared to analyst estimates of $711.84 million. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS. As a group, analysts expect that Okta will post 0.42 EPS for the current fiscal year.

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.