Okta (NASDAQ:OKTA) Price Target Lowered to $115.00 at UBS Group

Okta (NASDAQ:OKTA) had its price target cut by UBS Group from $130.00 to $115.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Citigroup reiterated a “neutral” rating on shares of Okta in a report on Monday, January 12th. Jefferies Financial Group cut their price target on shares of Okta from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Okta from $85.00 to $80.00 and set a “hold” rating for the company in a report on Thursday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Okta in a research note on Monday, December 1st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Okta in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $101.97.

Okta Price Performance

OKTA opened at $79.65 on Thursday. Okta has a 1 year low of $68.77 and a 1 year high of $127.57. The stock’s 50 day simple moving average is $85.22 and its 200 day simple moving average is $87.46. The firm has a market cap of $14.12 billion, a price-to-earnings ratio of 60.80, a PEG ratio of 2.78 and a beta of 0.79.

Okta (NASDAQ:OKTA) last released its quarterly earnings data on Wednesday, March 4th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. Okta had a return on equity of 4.22% and a net margin of 8.05%.The firm had revenue of $761.00 million during the quarter, compared to analyst estimates of $749.87 million. During the same quarter in the prior year, the firm posted $0.78 earnings per share. The business’s quarterly 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. As a group, sell-side analysts anticipate that Okta will post 0.42 EPS for the current year.

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

Insiders Place Their Bets

In other news, CEO Todd Mckinnon sold 11,286 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $90.96, for a total transaction of $1,026,574.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Larissa Schwartz sold 1,899 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $90.74, for a total transaction of $172,315.26. Following the completion of the sale, the insider owned 38,164 shares in the company, valued at $3,463,001.36. This represents a 4.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 35,927 shares of company stock worth $3,272,658 in the last 90 days. Corporate insiders own 5.68% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Okta by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 19,803,227 shares of the company’s stock valued at $1,815,956,000 after purchasing an additional 1,074,977 shares during the last quarter. Bourgeon Capital Management LLC purchased a new stake in shares of Okta in the third quarter worth about $7,946,000. SBI Securities Co. Ltd. boosted its stake in Okta by 35.3% during the second quarter. SBI Securities Co. Ltd. now owns 35,806 shares of the company’s stock valued at $3,580,000 after buying an additional 9,340 shares during the last quarter. Elo Mutual Pension Insurance Co grew its holdings in Okta by 40.1% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 52,597 shares of the company’s stock valued at $4,823,000 after buying an additional 15,058 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in Okta in the 2nd quarter worth approximately $30,074,000. Institutional investors own 86.64% of the company’s stock.

Key Headlines Impacting 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.