Okta, Inc. (NASDAQ:OKTA) Receives $118.94 Average Price Target from Analysts

Shares of Okta, Inc. (NASDAQ:OKTA) have been assigned an average recommendation of “Moderate Buy” from the thirty-eight ratings firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $117.6857.

Several equities analysts recently issued reports on OKTA shares. JMP Securities reiterated a “market perform” rating on shares of Okta in a research report on Wednesday, August 27th. Truist Financial upgraded shares of Okta from a “hold” rating to a “buy” rating and upped their price target for the company from $100.00 to $125.00 in a report on Monday, August 25th. Bank of America reissued an “underperform” rating and set a $75.00 price objective on shares of Okta in a research report on Wednesday, August 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Okta in a research report on Wednesday, August 27th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $142.00 target price on shares of Okta in a research note on Friday, September 26th.

Insider Buying and Selling

In other Okta news, insider Eric Robert Kelleher sold 2,410 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $91.73, for a total value of $221,069.30. Following the sale, the insider owned 9,174 shares in the company, valued at approximately $841,531.02. The trade was a 20.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Todd Mckinnon sold 31,968 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $92.33, for a total value of $2,951,605.44. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 64,975 shares of company stock valued at $6,011,126. Corporate insiders own 5.68% of the company’s stock.

Institutional Trading of Okta

A number of institutional investors have recently made changes to their positions in the business. Pinnacle Bancorp Inc. acquired a new stake in Okta in the 2nd quarter valued at $26,000. Root Financial Partners LLC bought a new position in Okta during the third quarter worth $26,000. Harbour Investments Inc. grew its position in shares of Okta by 152.4% in the first quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock valued at $27,000 after purchasing an additional 157 shares during the last quarter. Promus Capital LLC bought a new position in shares of Okta during the second quarter worth approximately $27,000. Finally, Kiker Wealth Management LLC increased its position in Okta by 1,159.3% during the 2nd quarter. Kiker Wealth Management LLC now owns 340 shares of the company’s stock worth $34,000 after buying an additional 313 shares during the period. Institutional investors own 86.64% of the company’s stock.

Okta Stock Up 0.2%

OKTA opened at $83.94 on Monday. The stock has a market cap of $14.70 billion, a P/E ratio of 98.75, a P/E/G ratio of 4.11 and a beta of 0.84. Okta has a 12 month low of $71.84 and a 12 month high of $127.57. The company has a fifty day simple moving average of $89.82 and a 200 day simple moving average of $97.63.

Okta (NASDAQ:OKTA) last posted its earnings results on Tuesday, August 26th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.07. Okta had a return on equity of 3.31% and a net margin of 6.08%.The firm had revenue of $728,000 billion during the quarter, compared to analysts’ expectations of $711.84 million. During the same period in the previous year, the firm earned $0.72 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS. On average, equities research analysts expect that Okta will post 0.42 earnings per share for the current fiscal year.

Okta Company Profile

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.