Brokerages Set Okta, Inc. (NASDAQ:OKTA) Target Price at $118.94

Okta, Inc. (NASDAQ:OKTA) has been assigned a consensus rating of “Hold” from the thirty-nine research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-two have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $118.9444.

Several research firms have weighed in on OKTA. Guggenheim restated a “buy” rating and issued a $138.00 price objective on shares of Okta in a research report on Wednesday, August 27th. Bank of America reissued an “underperform” rating and set a $75.00 price target on shares of Okta in a research note on Wednesday, August 27th. Arete assumed coverage on shares of Okta in a research note on Monday, July 7th. They set a “sell” rating and a $83.00 price target for the company. DA Davidson reissued a “buy” rating and set a $140.00 price target on shares of Okta in a research note on Friday, September 26th. Finally, Arete Research raised shares of Okta to a “strong sell” rating and set a $83.00 price target for the company in a research note on Monday, July 7th.

Insider Buying and Selling at Okta

In other Okta news, CFO Brett Tighe sold 10,000 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $95.00, for a total transaction of $950,000.00. Following the transaction, the chief financial officer owned 133,336 shares in the company, valued at approximately $12,666,920. This trade represents a 6.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Todd Mckinnon sold 31,968 shares of the firm’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $92.33, for a total value of $2,951,605.44. The disclosure for this sale can be found here. Insiders sold a total of 72,657 shares of company stock valued at $6,798,754 over the last 90 days. Company insiders own 5.68% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wolff Wiese Magana LLC boosted its stake in Okta by 167.4% during the 1st quarter. Wolff Wiese Magana LLC now owns 246 shares of the company’s stock worth $26,000 after acquiring an additional 154 shares during the last quarter. Wayfinding Financial LLC bought a new position in Okta during the 1st quarter worth approximately $27,000. Harbour Investments Inc. boosted its stake in Okta by 152.4% during the 1st quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock worth $27,000 after acquiring an additional 157 shares during the last quarter. Pinnacle Bancorp Inc. bought a new position in Okta during the 2nd quarter worth approximately $26,000. Finally, Promus Capital LLC bought a new position in Okta during the 2nd quarter worth approximately $27,000. Institutional investors own 86.64% of the company’s stock.

Okta Trading Down 2.7%

OKTA opened at $87.04 on Thursday. The stock has a market capitalization of $15.24 billion, a PE ratio of 102.40, a PEG ratio of 4.39 and a beta of 0.84. Okta has a 1-year low of $70.92 and a 1-year high of $127.57. The firm has a 50-day moving average price of $91.15 and a two-hundred day moving average price of $98.95.

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

About Okta

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.