Okta (NASDAQ:OKTA) Research Coverage Started at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Okta (NASDAQ:OKTA) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The brokerage issued an equal weight rating and a $76.00 price target on the stock.

A number of other research firms have also recently weighed in on OKTA. Citigroup reiterated a “neutral” rating on shares of Okta in a research note on Monday, January 12th. Deutsche Bank Aktiengesellschaft dropped their price objective on Okta from $110.00 to $85.00 and set a “hold” rating on the stock in a research note on Wednesday, December 3rd. Scotiabank decreased their target price on Okta from $105.00 to $85.00 and set a “sector perform” rating for the company in a research report on Wednesday, December 3rd. Morgan Stanley dropped their price target on Okta from $123.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 3rd. Finally, Mizuho cut their price target on Okta from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Okta has a consensus rating of “Moderate Buy” and an average price target of $101.97.

Okta Trading Up 11.0%

OKTA stock opened at $79.65 on Tuesday. The stock has a market cap of $14.12 billion, a P/E ratio of 60.80, a P/E/G ratio of 2.78 and a beta of 0.79. The stock’s fifty day simple moving average is $85.22 and its two-hundred day simple moving average is $87.46. Okta has a 1-year low of $68.77 and a 1-year high of $127.57.

Okta (NASDAQ:OKTA) last announced its earnings results on Wednesday, March 4th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.05. The firm had revenue of $761.00 million during the quarter, compared to analyst estimates of $749.87 million. Okta had a return on equity of 4.22% and a net margin of 8.05%.The business’s revenue was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $0.78 EPS. 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, analysts forecast that Okta will post 0.42 earnings per share for the current fiscal year.

Okta announced that its board has initiated a share repurchase plan on Monday, January 5th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 6.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other news, CEO Todd Mckinnon sold 11,286 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $90.96, for a total value of $1,026,574.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Eric Robert Kelleher sold 2,409 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $84.40, for a total transaction of $203,319.60. Following the transaction, the insider directly owned 11,266 shares of the company’s stock, valued at approximately $950,850.40. This represents a 17.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 35,927 shares of company stock worth $3,272,658. Company insiders own 5.68% of the company’s stock.

Institutional Trading of Okta

Institutional investors and hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in shares of Okta in the third quarter worth $26,000. Elevation Wealth Partners LLC grew its position in Okta by 825.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 296 shares of the company’s stock worth $26,000 after buying an additional 264 shares in the last quarter. Promus Capital LLC bought a new position in Okta in the 2nd quarter worth about $27,000. SHP Wealth Management purchased a new stake in shares of Okta in the 4th quarter valued at about $27,000. Finally, Torren Management LLC bought a new stake in shares of Okta during the 4th quarter valued at about $32,000. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Q4 beat and operational improvement — Okta reported revenue of $761M and non‑GAAP EPS of $0.90, topping estimates, with cRPO and subscription growth improving and margins expanding; this clear upside is the main catalyst for the rally. Okta Earnings Beat, But Growth Questions Remain
• Positive Sentiment: AI agent narrative gaining traction — management emphasized “Okta for AI Agents” products; investors are rewarding the company for positioning identity as a core control point for autonomous AI, which could open a new TAM if adoption follows. Okta Sees AI Agents Fueling Next Growth Wave
• Positive Sentiment: Analyst support and bullish notes — several firms (Jefferies, DA Davidson, Morgan Stanley, UBS excerpts) highlighted upside potential and maintained or raised ratings/targets for Okta after the print, helping drive buying interest. Okta shares rally on strong earnings as Jefferies analysts see room for revenue upside
• Neutral Sentiment: Sector tailwind — cloud and cybersecurity ETFs traded higher alongside Okta, amplifying the move; this is a market‑wide boost rather than company‑specific validation. Cloud stocks jump, head for best day in nearly a year despite broad market declines
• Negative Sentiment: Soft near‑term guidance — Okta guided Q1 revenue below Street estimates ( ~$749M–$753M ), flagging the slowest revenue growth since IPO and tempering enthusiasm about re‑acceleration. Okta forecasts slowest revenue growth since IPO amid economic uncertainty
• Negative Sentiment: Analyst price‑target cuts and mixed forward view — while many firms kept buy/overweight ratings, dozens trimmed targets and flagged decelerating retention and large‑ACV additions as risks, limiting upside conviction. Okta Posts Q4 Beat; Analysts Cut Price Targets For Early AI Agent ‘Leader’

About Okta

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.