Okta (NASDAQ:OKTA) Receives “Buy” Rating from DA Davidson

Posted by Doug Wharley on Mar 5th, 2026

Okta (NASDAQ:OKTA – Get Free Report)‘s stock had its “buy” rating restated by equities research analysts at DA Davidson in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $110.00 price objective on the stock. DA Davidson’s target price points to a potential upside of 40.70% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. Scotiabank dropped their price target on shares of Okta from $105.00 to $85.00 and set a “sector perform” rating on the stock in a research report on Wednesday, December 3rd. Citigroup restated a “neutral” rating on shares of Okta in a report on Monday, January 12th. Piper Sandler increased their price target on Okta from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on Okta from $85.00 to $80.00 and set a “hold” rating for the company in a research report on Thursday. Finally, KeyCorp cut their target price on Okta from $115.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $103.40.

Get Our Latest Stock Report on Okta

Okta Stock Up 9.0%

OKTA traded up $6.44 during midday trading on Thursday, hitting $78.18. 5,624,842 shares of the company were exchanged, compared to its average volume of 3,160,438. The firm’s 50 day moving average price is $85.40 and its 200-day moving average price is $87.51. Okta has a 1-year low of $68.77 and a 1-year high of $127.57. The firm has a market capitalization of $13.86 billion, a P/E ratio of 71.72, a P/E/G ratio of 2.81 and a beta of 0.79.

Okta (NASDAQ:OKTA – Get Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.05. Okta had a return on equity of 3.77% and a net margin of 6.87%.The company had revenue of $761.00 million during the quarter, compared to the consensus estimate of $749.87 million. During the same period last year, the company earned $0.78 earnings per share. The firm’s revenue was up 11.6% compared to the same quarter last year. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. On average, sell-side analysts predict that Okta will post 0.42 earnings per share for the current fiscal year.

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

Insider Transactions at Okta

In other news, CEO Todd Mckinnon sold 11,286 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $90.96, for a total transaction of $1,026,574.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Larissa Schwartz sold 1,836 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $83.47, for a total value of $153,250.92. Following the completion of the transaction, the insider owned 36,328 shares in the company, valued at approximately $3,032,298.16. This represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 37,245 shares of company stock worth $3,385,624. Insiders own 5.68% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OKTA. Root Financial Partners LLC bought a new stake in shares of Okta during the third quarter worth about $26,000. Elevation Wealth Partners LLC lifted its position in Okta by 825.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 296 shares of the company’s stock valued at $26,000 after acquiring an additional 264 shares in the last quarter. Promus Capital LLC acquired a new position in Okta during the 2nd quarter valued at about $27,000. SHP Wealth Management acquired a new position in Okta during the 4th quarter valued at about $27,000. Finally, Torren Management LLC bought a new stake in Okta during the 4th quarter worth approximately $32,000. 86.64% of the stock is currently owned by institutional investors and hedge funds.

More Okta News

Here are the key news stories impacting Okta this week:

Positive Sentiment: Q4 beat and durable subscription growth — Okta reported Q4 revenue of $761M (up ~11.6% YoY) and EPS that topped estimates, driven by strong subscription adoption and improving profitability; this is the primary catalyst for the intraday rally. OKTA Shares Jump on Solid Q4 Earnings Beat, Revenues Increase Y/Y
Positive Sentiment: Company highlights AI agents as a growth vector — management emphasized AI agent/security opportunities and new partnerships (e.g., PGA) that position Okta as identity infrastructure for agentic AI, supporting the longer-term story. Okta’s stock rallies as momentum in AI agents fuels an earnings beat
Neutral Sentiment: Broader cloud rally is lifting names including OKTA — sector strength today (WCLD and other cloud names) is amplifying Okta’s move alongside company‑specific results. Cloud stocks jump, head for best day in nearly a year despite broad market declines
Neutral Sentiment: Wall Street still split but many firms kept buy/overweight ratings — several analysts reiterated buy stances citing AI/identity positioning even as they trimmed models, which keeps upside case intact for investors focused on long-term secular demand. Okta: Leveraging Identity as Core AI Security Infrastructure to Drive Durable Growth
Negative Sentiment: Near‑term revenue guidance disappointed — Q1 revenue guide ($749M–$753M) came in slightly below Street expectations, and management warned revenue growth will slow, which is a key reason some investors reacted cautiously. Okta forecasts slowest revenue growth since IPO amid economic uncertainty
Negative Sentiment: Analysts trimmed price targets en masse — multiple shops lowered targets (Piper Sandler, Deutsche Bank, Berenberg, Truist, etc.), creating headline risk and capping near‑term upside despite some retained buy ratings. Okta Posts Q4 Beat; Analysts Cut Price Targets For Early AI Agent ‘Leader’
Negative Sentiment: Mixed market reaction after-hours — some outlets noted a modest after‑hours dip as investors digested the softer near‑term guide and the slower growth narrative despite the beat. Okta beats Q4 estimates but shares dip on muted outlook

Okta Company Profile

(Get Free Report)

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.