BTIG Research Cuts Okta (NASDAQ:OKTA) Price Target to $90.00

Okta (NASDAQ:OKTA) had its target price decreased by BTIG Research from $116.00 to $90.00 in a research note issued to investors on Monday morning,Benzinga reports. BTIG Research currently has a buy rating on the stock.

Several other research analysts also recently issued reports on the stock. Sanford C. Bernstein restated an “outperform” rating on shares of Okta in a report on Monday, December 1st. Mizuho decreased their target price on Okta from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Scotiabank lowered their price target on Okta from $105.00 to $85.00 and set a “sector perform” rating on the stock in a research note on Wednesday, December 3rd. Royal Bank Of Canada upped their price target on Okta from $97.00 to $108.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Finally, Roth Mkm reissued a “buy” rating on shares of Okta in a report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.50.

Okta Stock Down 1.1%

Shares of OKTA stock opened at $71.74 on Monday. Okta has a 12 month low of $68.77 and a 12 month high of $127.57. The firm has a market cap of $12.71 billion, a PE ratio of 65.82, a price-to-earnings-growth ratio of 2.81 and a beta of 0.79. The stock has a 50 day moving average of $85.40 and a 200-day moving average of $87.51.

Okta (NASDAQ:OKTA) last announced its quarterly earnings data on Wednesday, March 4th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.05. The business had revenue of $761.00 million for the quarter, compared to the consensus estimate of $749.87 million. Okta had a net margin of 6.87% and a return on equity of 3.77%. Okta’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the company posted $0.78 earnings per share. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. As a group, equities analysts predict that Okta will post 0.42 EPS for the current fiscal year.

Okta declared that its Board of Directors has approved a share repurchase program on Monday, January 5th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 6.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Eric Robert Kelleher sold 2,409 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $84.40, for a total transaction of $203,319.60. Following the completion of the transaction, the insider owned 11,266 shares in the company, valued at $950,850.40. This trade represents a 17.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brett Tighe sold 10,000 shares of the company’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $95.07, for a total value of $950,700.00. Following the completion of the sale, the chief financial officer owned 134,385 shares in the company, valued at $12,775,981.95. This trade represents a 6.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 37,245 shares of company stock valued at $3,385,624 over the last ninety days. Company insiders own 5.68% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SHP Wealth Management bought a new stake in shares of Okta in the 4th quarter worth about $27,000. Kera Capital Partners Inc. boosted its position in Okta by 57.6% in the fourth quarter. Kera Capital Partners Inc. now owns 5,401 shares of the company’s stock valued at $456,000 after buying an additional 1,975 shares in the last quarter. Invesco Ltd. grew its stake in Okta by 19.1% during the fourth quarter. Invesco Ltd. now owns 548,741 shares of the company’s stock worth $47,450,000 after buying an additional 88,112 shares during the last quarter. Rare Wolf Capital LLC acquired a new stake in shares of Okta during the fourth quarter worth approximately $390,000. Finally, Corient Private Wealth LLC raised its stake in shares of Okta by 515.8% in the fourth quarter. Corient Private Wealth LLC now owns 68,854 shares of the company’s stock valued at $5,954,000 after acquiring an additional 57,672 shares during the last quarter. 86.64% of the stock is owned by institutional investors.

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Q4 beat on the headlines — Okta reported $0.90 EPS (above the $0.85 consensus) and revenue of $761M, ahead of analysts’ near-term estimates; this supports the view that profitability is improving. Okta (OKTA) Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Management highlighted demand from “agentic” AI use cases — media coverage says AI agents are helping drive adoption of Okta’s identity platform, a potential multi-quarter catalyst if security needs around AI scale. Okta’s stock rallies as momentum in AI agents fuels an earnings beat
• Positive Sentiment: Fiscal FY27 EPS outlook is strong — Okta gave FY27 EPS guidance materially above street models (company materials/press release), which supports longer‑term profitability expectations even as revenue growth moderates. Press Release / Slide Deck
• Neutral Sentiment: Mixed analyst reactions — some firms (Baird) kept buy ratings and $125 PTs while others trimmed targets or set equal‑weight coverage (Wells Fargo at $76), leaving street sentiment divergent and contributing to chop in the stock. Okta: Broad-Based Outperformance and Conservative FY27 Outlook
• Negative Sentiment: Q1 revenue guidance came in below Wall Street expectations — management guided Q1 revenue of $749M–$753M (slightly under consensus), and warned of single‑digit revenue growth for the new fiscal year, the slowest since the IPO, which raises concerns about near‑term top‑line momentum. Okta forecasts slowest revenue growth since IPO amid economic uncertainty
• Negative Sentiment: Insider selling and mixed GAAP vs. non‑GAAP metrics complicate the read — some data casts Q4 results differently depending on accounting measure, and recent insider sales (reported by data providers) add a negative perception for some investors. Okta Inc. (OKTA) Stock Falls on Q4 2026 Earnings

Okta Company Profile

Okta, Inc is a publicly traded provider of identity and access management solutions, headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, the company completed its initial public offering in April 2017. Under the leadership of McKinnon as chief executive officer and Kerrest as chief operating officer, Okta has grown into a leading vendor in the cybersecurity space, focusing on secure user authentication, single sign-on and lifecycle management for digital identities.

At the core of Okta’s offering is the Okta Identity Cloud, a suite of cloud-native services that enable organizations to manage user access across web and mobile applications, on-premises systems and APIs.