Okta (NASDAQ:OKTA) Given New $100.00 Price Target at KeyCorp

Okta (NASDAQ:OKTA) had its price target lowered by KeyCorp from $115.00 to $100.00 in a report released on Thursday,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a $120.00 target price on shares of Okta in a research note on Wednesday, December 3rd. Stifel Nicolaus cut their price objective on Okta from $121.00 to $92.00 and set a “buy” rating for the company in a report on Thursday. Berenberg Bank started coverage on Okta in a research report on Tuesday, November 18th. They set a “buy” rating and a $145.00 price objective for the company. DA Davidson set a $110.00 target price on Okta in a research report on Thursday, February 26th. Finally, TD Cowen cut their price target on Okta from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $101.97.

Okta Stock Performance

Shares of NASDAQ:OKTA opened at $79.65 on Thursday. The firm has a market cap of $14.12 billion, a price-to-earnings ratio of 60.80, a price-to-earnings-growth ratio of 2.78 and a beta of 0.79. The business has a 50-day simple moving average of $85.22 and a two-hundred day simple moving average of $87.46. Okta has a fifty-two week low of $68.77 and a fifty-two week high of $127.57.

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

Okta declared that its board has approved a stock repurchase program on Monday, January 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 6.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Eric Robert Kelleher sold 8,370 shares of the stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $90.19, for a total value of $754,890.30. Following the completion of the sale, the insider directly owned 11,266 shares of the company’s stock, valued at approximately $1,016,080.54. This represents a 42.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brett Tighe sold 10,000 shares of Okta stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $95.07, for a total transaction of $950,700.00. Following the transaction, the chief financial officer directly owned 134,385 shares in the company, valued at $12,775,981.95. This represents a 6.93% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 35,927 shares of company stock valued at $3,272,658. Insiders own 5.68% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of OKTA. Steward Partners Investment Advisory LLC increased its stake in Okta by 5.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,238 shares of the company’s stock worth $224,000 after buying an additional 113 shares in the last quarter. Spire Wealth Management lifted its position in shares of Okta by 30.8% in the fourth quarter. Spire Wealth Management now owns 505 shares of the company’s stock valued at $44,000 after acquiring an additional 119 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Okta by 6.4% in the third quarter. Allworth Financial LP now owns 2,251 shares of the company’s stock worth $206,000 after acquiring an additional 135 shares during the period. Choreo LLC grew its position in shares of Okta by 2.0% during the third quarter. Choreo LLC now owns 7,239 shares of the company’s stock worth $664,000 after purchasing an additional 140 shares in the last quarter. Finally, Utah Retirement Systems raised its stake in Okta by 0.6% during the 4th quarter. Utah Retirement Systems now owns 28,605 shares of the company’s stock valued at $2,473,000 after purchasing an additional 163 shares during the period. Institutional investors own 86.64% of the company’s stock.

Okta News Roundup

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’

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.