Okta, Inc. (NASDAQ:OKTA) Stock Has Consensus Price Target of $202.38

Shares of Okta, Inc. (NASDAQ:OKTA) have received an average recommendation of “Moderate Buy” from the forty-three research firms that are currently covering the company, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation, thirty-one have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $202.38.

OKTA has been the topic of a number of recent analyst reports. Needham & Company LLC raised their price target on shares of Okta from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, September 21st. JPMorgan Chase & Co. increased their target price on shares of Okta from $165.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th. Oppenheimer increased their target price on shares of Okta from $190.00 to $227.00 and gave the stock an “outperform” rating in a report on Thursday, September 24th. Stifel Nicolaus boosted their price target on Okta from $180.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, September 24th. Finally, Scotiabank restated an “outperform” rating on shares of Okta in a report on Monday, September 28th.

Okta News Roundup

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta was viewed favorably versus SentinelOne because of stronger profitability, robust cash flow and expanding capabilities for securing AI agents. However, the comparison also noted that Okta’s revenue growth is slower. OKTA vs. S: Which Enterprise Cybersecurity Stock Has an Edge Now?
• Positive Sentiment: Okta is expanding its Agent Identity Platform and has reported multimillion-dollar customer wins and new tools aimed at securing AI agents. The opportunity could support future growth, although adoption has not yet translated into a significant revenue contribution. Can Okta’s Agent Identity Platform Capture the AI Security Opportunity?
• Positive Sentiment: CNBC coverage highlighted Okta as one of Josh Brown’s preferred stocks, while noting that he was trading around a pullback. The endorsement may reinforce the bullish investment case but is not a change to Okta’s fundamentals. There’s a cybersecurity stock on Josh Brown’s list that’s pulling back
• Neutral Sentiment: Analyst coverage emphasized that OKTA has risen about 157.5% year to date on demand for identity security and AI, but investors must balance that momentum against slower growth, competition and a premium valuation. Okta Surges 158% YTD: Should Investors Hold the Stock Now?
• Negative Sentiment: Reports alleged that records belonging to more than 40,000 DHS employees were leaked and published online via DDoSecrets. Okta said its core systems were not compromised, which may limit direct operational concerns, but the incident still creates reputational and cybersecurity risk. Over 40,000 U.S. DHS employee records allegedly leaked via Okta

Insider Transactions at Okta

In related news, CFO Brett Tighe sold 41,251 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $162.44, for a total transaction of $6,700,812.44. Following the completion of the transaction, the chief financial officer owned 7,693 shares in the company, valued at $1,249,650.92. This represents a 84.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd McKinnon sold 48,822 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $193.48, for a total value of $9,446,080.56. Following the completion of the sale, the chief executive officer directly owned 44,029 shares of the company’s stock, valued at $8,518,730.92. The trade was a 52.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 137,766 shares of company stock worth $23,927,112. 4.61% of the stock is currently owned by insiders.

Institutional Trading of Okta

Several large investors have recently added to or reduced their stakes in OKTA. Burkett Financial Services LLC purchased a new stake in shares of Okta in the 3rd quarter worth about $26,000. Laurel Wealth Advisors LLC purchased a new position in shares of Okta during the third quarter valued at about $33,000. Polaris Financial Partners purchased a new position in shares of Okta during the third quarter valued at about $36,000. Washington Trust Advisors Inc. raised its stake in Okta by 64.2% in the second quarter. Washington Trust Advisors Inc. now owns 197 shares of the company’s stock worth $27,000 after buying an additional 77 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Okta by 279.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 296 shares of the company’s stock worth $40,000 after buying an additional 218 shares in the last quarter. Institutional investors own 86.64% of the company’s stock.

Okta Price Performance

OKTA stock opened at $208.24 on Monday. The firm has a 50 day simple moving average of $192.78 and a two-hundred day simple moving average of $124.67. The stock has a market cap of $36.40 billion, a PE ratio of 125.45, a P/E/G ratio of 6.48 and a beta of 0.73. Okta has a one year low of $62.66 and a one year high of $235.00.

Okta (NASDAQ:OKTA) last posted its quarterly earnings data on Wednesday, August 26th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.09. Okta had a net margin of 9.63% and a return on equity of 4.50%. The company had revenue of $805.00 million during the quarter, compared to the consensus estimate of $793.00 million. During the same period in the previous year, the firm posted $0.91 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. On average, research analysts expect that Okta will post 1.92 EPS for the current fiscal year.

Okta Company Profile

Okta, Inc provides cloud-based identity and access management solutions for organizations worldwide. Its platform helps businesses securely connect employees, contractors, customers and partners with the applications, systems and services they need to use.

The company’s offerings include single sign-on, multifactor authentication, identity governance, lifecycle management, directory services and privileged access management. Okta also provides customer identity solutions through Auth0, its developer-focused identity platform, which supports authentication and authorization for applications and digital experiences.

Okta serves enterprises, government agencies, small and medium-sized businesses, developers and other organizations across North America, Europe, Asia-Pacific and additional international markets.