Okta, Inc. (NASDAQ:OKTA) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Okta, Inc. (NASDAQ:OKTA) has received an average rating of “Moderate Buy” from the forty-three ratings firms that are presently covering the stock, MarketBeat reports. Ten equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $202.38.

Several equities analysts have issued reports on OKTA shares. UBS Group upped their price objective on shares of Okta from $150.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Capital One Financial upgraded Okta from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $126.00 to $171.00 in a research note on Thursday, July 16th. New Street Research set a $235.00 price target on Okta in a research report on Thursday, September 24th. Mizuho lifted their target price on shares of Okta from $165.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, September 24th. Finally, BTIG Research reissued a “buy” rating and set a $219.00 price objective on shares of Okta in a research report on Thursday, September 24th.

Insiders Place Their Bets

In related news, CFO Brett Tighe sold 41,251 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $162.44, for a total value of $6,700,812.44. Following the sale, the chief financial officer directly owned 7,693 shares of the company’s stock, valued at approximately $1,249,650.92. This trade represents a 84.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric Kelleher sold 6,395 shares of Okta stock in a transaction on Friday, September 18th. The shares were sold at an average price of $183.58, for a total transaction of $1,173,994.10. Following the completion of the transaction, the insider owned 18,668 shares in the company, valued at approximately $3,427,071.44. This trade represents a 25.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 137,766 shares of company stock worth $23,927,112. 4.61% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Okta

Several hedge funds have recently modified their holdings of OKTA. Rakuten Investment Management Inc. acquired a new stake in shares of Okta during the third quarter worth approximately $2,213,000. Prescott Group Capital Management L.L.C. bought a new stake in shares of Okta in the 3rd quarter worth approximately $2,091,000. IPG Investment Advisors LLC bought a new position in Okta during the 3rd quarter worth $362,000. Providence Wealth Advisors LLC bought a new stake in Okta in the third quarter valued at $286,000. Finally, Trek Financial LLC boosted its holdings in shares of Okta by 16.2% during the third quarter. Trek Financial LLC now owns 6,918 shares of the company’s stock valued at $1,447,000 after acquiring an additional 966 shares during the period. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

Okta Price Performance

NASDAQ OKTA opened at $208.24 on Monday. The company has a market cap of $36.40 billion, a PE ratio of 125.45, a price-to-earnings-growth ratio of 6.90 and a beta of 0.73. Okta has a 1-year low of $62.66 and a 1-year high of $235.00. The stock’s 50 day simple moving average is $192.78 and its 200-day simple moving average is $124.67.

Okta (NASDAQ:OKTA) last issued its earnings results on Wednesday, August 26th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.09. The business had revenue of $805.00 million during the quarter, compared to the consensus estimate of $793.00 million. Okta had a return on equity of 4.50% and a net margin of 9.63%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the company earned $0.91 EPS. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. On average, equities research analysts anticipate that Okta will post 1.92 EPS for the current fiscal year.

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta was viewed favorably versus SentinelOne because of stronger profitability, robust cash flow and expanding capabilities for securing AI agents. However, the comparison also noted that Okta’s revenue growth is slower. OKTA vs. S: Which Enterprise Cybersecurity Stock Has an Edge Now?
• Positive Sentiment: Okta is expanding its Agent Identity Platform and has reported multimillion-dollar customer wins and new tools aimed at securing AI agents. The opportunity could support future growth, although adoption has not yet translated into a significant revenue contribution. Can Okta’s Agent Identity Platform Capture the AI Security Opportunity?
• Positive Sentiment: CNBC coverage highlighted Okta as one of Josh Brown’s preferred stocks, while noting that he was trading around a pullback. The endorsement may reinforce the bullish investment case but is not a change to Okta’s fundamentals. There’s a cybersecurity stock on Josh Brown’s list that’s pulling back
• Neutral Sentiment: Analyst coverage emphasized that OKTA has risen about 157.5% year to date on demand for identity security and AI, but investors must balance that momentum against slower growth, competition and a premium valuation. Okta Surges 158% YTD: Should Investors Hold the Stock Now?
• Negative Sentiment: Reports alleged that records belonging to more than 40,000 DHS employees were leaked and published online via DDoSecrets. Okta said its core systems were not compromised, which may limit direct operational concerns, but the incident still creates reputational and cybersecurity risk. Over 40,000 U.S. DHS employee records allegedly leaked via Okta

Okta Company Profile

Okta, Inc provides cloud-based identity and access management solutions for organizations worldwide. Its platform helps businesses securely connect employees, contractors, customers and partners with the applications, systems and services they need to use.

The company’s offerings include single sign-on, multifactor authentication, identity governance, lifecycle management, directory services and privileged access management. Okta also provides customer identity solutions through Auth0, its developer-focused identity platform, which supports authentication and authorization for applications and digital experiences.

Okta serves enterprises, government agencies, small and medium-sized businesses, developers and other organizations across North America, Europe, Asia-Pacific and additional international markets.