Okta, Inc. (NASDAQ:OKTA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Okta, Inc. (NASDAQ:OKTA) has been given a consensus recommendation of “Moderate Buy” by the forty-one analysts that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and twenty-eight have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $100.8889.

A number of equities analysts have commented on the stock. Weiss Ratings upgraded shares of Okta from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Sanford C. Bernstein restated an “outperform” rating and set a $134.00 price objective on shares of Okta in a research report on Friday, March 6th. Stephens cut their price objective on shares of Okta from $120.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. DA Davidson restated a “buy” rating and set a $110.00 price objective on shares of Okta in a research report on Thursday, March 5th. Finally, Oppenheimer cut their price target on shares of Okta from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, March 5th.

Okta News Summary

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Recent coverage says Okta’s AI security initiatives, including securing AI agents and non-human identities, are drawing fresh investor interest and could strengthen its competitive position. Okta (OKTA) Valuation Check As AI Agent Security Push Draws Fresh Investor Attention
• Positive Sentiment: Another article highlighted Okta’s effort to make its identity platform a key layer for enterprise AI-agent security, reinforcing the bullish AI narrative. Is Okta (OKTA) Quietly Turning AI Agent Security Into Its Core Competitive Edge?
• Positive Sentiment: Media coverage noted Okta is targeting roughly 9% FY2027 growth as AI security gains traction, which may reassure investors about the company’s longer-term revenue path. Okta targets 9% FY 2027 growth as AI security gains traction
• Neutral Sentiment: Insider Larissa Schwartz sold shares in two pre-arranged Rule 10b5-1 transactions, but the sales were disclosed as part of a planned trading program and do not necessarily signal a change in fundamentals.
• Neutral Sentiment: One article discussed Okta’s Salesforce integration and broader enterprise identity strategy, which may be viewed as strategic but does not appear to be a major near-term catalyst. Okta-Salesforce integration highlights shift in enterprise identity strategy
• Negative Sentiment: The insider stock sales may create some overhang for traders, even though they were pre-planned and relatively small compared with the insider’s remaining holdings.

Insiders Place Their Bets

In other news, insider Eric Robert Kelleher sold 16,818 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $80.00, for a total value of $1,345,440.00. Following the completion of the transaction, the insider owned 15,470 shares in the company, valued at $1,237,600. This trade represents a 52.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Todd Mckinnon sold 11,263 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $81.01, for a total transaction of $912,415.63. Following the completion of the transaction, the chief executive officer owned 97,083 shares of the company’s stock, valued at $7,864,693.83. This represents a 10.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 68,384 shares of company stock worth $5,413,148. Insiders own 4.61% of the company’s stock.

Hedge Funds Weigh In On Okta

A number of large investors have recently made changes to their positions in the stock. Oslo Pensjonsforsikring AS purchased a new position in shares of Okta in the 1st quarter valued at about $216,000. Titan Global Capital Management USA LLC increased its holdings in shares of Okta by 2.5% in the 1st quarter. Titan Global Capital Management USA LLC now owns 32,044 shares of the company’s stock valued at $2,522,000 after purchasing an additional 787 shares in the last quarter. Carson Advisory Inc. purchased a new position in Okta during the 1st quarter valued at about $299,000. Meeder Advisory Services Inc. purchased a new position in Okta during the 1st quarter valued at about $268,000. Finally, Parallel Advisors LLC increased its holdings in Okta by 20.3% during the 1st quarter. Parallel Advisors LLC now owns 5,611 shares of the company’s stock valued at $442,000 after acquiring an additional 945 shares in the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Okta Stock Performance

Shares of Okta stock opened at $83.90 on Monday. The company has a market cap of $14.84 billion, a P/E ratio of 64.05, a PEG ratio of 3.27 and a beta of 0.59. Okta has a one year low of $62.66 and a one year high of $127.57. The firm has a fifty day moving average of $76.07 and a two-hundred day moving average of $82.86.

Okta (NASDAQ:OKTA) last announced its quarterly earnings data on Wednesday, March 4th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.05. The company had revenue of $761.00 million during the quarter, compared to the consensus estimate of $749.87 million. Okta had a net margin of 8.05% and a return on equity of 4.18%. Okta’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 EPS. 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, equities analysts predict that Okta will post 1.61 earnings per share for the current year.

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.