Recent Investment Analysts’ Ratings Updates for Okta (OKTA)

Okta (NASDAQ: OKTA) has recently received a number of price target changes and ratings updates:

• 4/1/2025 – Okta is now covered by analysts at Stephens. They set an “equal weight” rating and a $127.00 price target on the stock.
• 3/31/2025 – Okta was upgraded by analysts at Stephens to a “strong-buy” rating.
• 3/31/2025 – Okta is now covered by analysts at Cantor Fitzgerald. They set an “overweight” rating and a $130.00 price target on the stock.
• 3/18/2025 – Okta was given a new $125.00 price target on by analysts at Morgan Stanley.
• 3/18/2025 – Okta is now covered by analysts at Morgan Stanley. They set an “overweight” rating and a $125.00 price target on the stock.
• 3/10/2025 – Okta had its price target raised by analysts at BMO Capital Markets from $105.00 to $130.00. They now have a “market perform” rating on the stock.
• 3/4/2025 – Okta had its “buy” rating reaffirmed by analysts at BTIG Research.
• 3/4/2025 – Okta was given a new $135.00 price target on by analysts at UBS Group AG.
• 3/4/2025 – Okta had its price target raised by analysts at Scotiabank from $94.00 to $109.00. They now have a “sector perform” rating on the stock.
• 3/4/2025 – Okta had its price target raised by analysts at KeyCorp from $125.00 to $135.00. They now have an “overweight” rating on the stock.
• 3/4/2025 – Okta had its price target raised by analysts at Oppenheimer Holdings Inc. from $125.00 to $135.00. They now have an “outperform” rating on the stock.
• 3/4/2025 – Okta had its price target raised by analysts at Robert W. Baird from $115.00 to $130.00. They now have an “outperform” rating on the stock.
• 3/4/2025 – Okta had its price target raised by analysts at Royal Bank of Canada from $115.00 to $120.00. They now have an “outperform” rating on the stock.
• 3/4/2025 – Okta was upgraded by analysts at Mizuho from a “neutral” rating to an “outperform” rating. They now have a $127.00 price target on the stock, up previously from $110.00.
• 3/4/2025 – Okta had its price target raised by analysts at Susquehanna from $95.00 to $105.00. They now have a “neutral” rating on the stock.
• 3/4/2025 – Okta had its price target raised by analysts at Citigroup Inc. from $100.00 to $110.00. They now have a “neutral” rating on the stock.
• 3/4/2025 – Okta had its price target raised by analysts at Truist Financial Co. from $92.00 to $100.00. They now have a “hold” rating on the stock.
• 3/4/2025 – Okta had its price target raised by analysts at Canaccord Genuity Group Inc. from $94.00 to $100.00. They now have a “hold” rating on the stock.
• 3/4/2025 – Okta had its price target raised by analysts at Jefferies Financial Group Inc. from $90.00 to $110.00. They now have a “hold” rating on the stock.
• 3/4/2025 – Okta had its price target raised by analysts at Wells Fargo & Company from $95.00 to $100.00. They now have an “equal weight” rating on the stock.
• 3/4/2025 – Okta had its price target raised by analysts at Barclays PLC from $105.00 to $115.00. They now have an “equal weight” rating on the stock.
• 3/4/2025 – Okta had its price target raised by analysts at Stifel Nicolaus from $115.00 to $120.00. They now have a “buy” rating on the stock.
• 3/4/2025 – Okta had its price target raised by analysts at The Goldman Sachs Group, Inc. from $107.00 to $123.00. They now have a “buy” rating on the stock.
• 3/4/2025 – Okta had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $115.00 price target on the stock.
• 3/4/2025 – Okta was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating. They now have a $125.00 price target on the stock, up previously from $90.00.
• 2/28/2025 – Okta had its price target raised by analysts at JPMorgan Chase & Co. from $100.00 to $105.00. They now have an “overweight” rating on the stock.
• 2/28/2025 – Okta had its “buy” rating reaffirmed by analysts at Westpark Capital. They now have a $140.00 price target on the stock.
• 2/20/2025 – Okta had its price target raised by analysts at Barclays PLC from $96.00 to $105.00. They now have an “equal weight” rating on the stock.
• 2/20/2025 – Okta had its price target raised by analysts at UBS Group AG from $108.00 to $120.00. They now have a “buy” rating on the stock.
• 2/12/2025 – Okta had its price target raised by analysts at Mizuho from $100.00 to $110.00. They now have a “neutral” rating on the stock.
• 2/11/2025 – Okta had its price target raised by analysts at KeyCorp from $115.00 to $125.00. They now have an “overweight” rating on the stock.
• 2/4/2025 – Okta had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $115.00 price target on the stock.

Okta Stock Performance

Shares of OKTA stock opened at $105.38 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06. Okta, Inc. has a 12-month low of $70.56 and a 12-month high of $118.07. The company has a market cap of $18.29 billion, a price-to-earnings ratio of -301.09, a price-to-earnings-growth ratio of 6.42 and a beta of 1.06. The stock has a 50 day simple moving average of $101.33 and a 200-day simple moving average of $86.45.

Insider Buying and Selling at Okta

In related news, insider Larissa Schwartz sold 11,552 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $114.09, for a total value of $1,317,967.68. Following the completion of the sale, the insider now owns 22,125 shares in the company, valued at $2,524,241.25. This trade represents a 34.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Eric Robert Kelleher sold 5,895 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $113.75, for a total transaction of $670,556.25. Following the transaction, the insider now owns 9,828 shares in the company, valued at $1,117,935. The trade was a 37.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 761,197 shares of company stock valued at $70,662,533. 7.00% of the stock is owned by company insiders.

Institutional Trading of Okta

A number of institutional investors have recently bought and sold shares of the company. Frank Rimerman Advisors LLC raised its stake in shares of Okta by 2.4% during the 4th quarter. Frank Rimerman Advisors LLC now owns 4,465 shares of the company’s stock worth $352,000 after buying an additional 105 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Okta by 1.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 7,873 shares of the company’s stock worth $620,000 after acquiring an additional 136 shares during the last quarter. Stephens Inc. AR lifted its holdings in shares of Okta by 5.0% in the fourth quarter. Stephens Inc. AR now owns 3,296 shares of the company’s stock valued at $260,000 after purchasing an additional 157 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Okta by 3.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,646 shares of the company’s stock valued at $445,000 after purchasing an additional 171 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Okta by 2.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,135 shares of the company’s stock worth $605,000 after purchasing an additional 180 shares in the last quarter. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

Okta, Inc operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials.