Okta (NASDAQ:OKTA) Price Target Cut to $101.00 by Analysts at Morgan Stanley

Okta (NASDAQ:OKTA) had its price target decreased by Morgan Stanley from $110.00 to $101.00 in a report issued on Thursday,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Several other brokerages have also recently issued reports on OKTA. Stephens raised Okta from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $97.00 to $120.00 in a report on Wednesday, January 14th. Jefferies Financial Group reduced their price target on Okta from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Monday. Truist Financial decreased their price target on Okta from $125.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. KeyCorp lowered their price objective on Okta from $130.00 to $115.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 17th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Okta from $110.00 to $85.00 and set a “hold” rating on the stock in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Okta currently has an average rating of “Moderate Buy” and an average price target of $101.97.

Okta Price Performance

OKTA stock opened at $79.65 on Thursday. The firm’s fifty day simple moving average is $85.22 and its 200-day simple moving average is $87.46. The company has a market capitalization of $14.12 billion, a P/E ratio of 60.80, a price-to-earnings-growth ratio of 2.78 and a beta of 0.79. Okta has a 12 month low of $68.77 and a 12 month high of $127.57.

Okta (NASDAQ:OKTA) last issued its earnings results on Wednesday, March 4th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.05. The firm had revenue of $761.00 million during the quarter, compared to analysts’ expectations of $749.87 million. Okta had a net margin of 8.05% and a return on equity of 4.22%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 earnings per share. 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, sell-side analysts forecast that Okta will post 0.42 earnings per share for the current year.

Okta announced that its board has approved a share buyback plan on Monday, January 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, CFO Brett Tighe sold 10,000 shares of the business’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $95.07, for a total value of $950,700.00. Following the completion of the sale, the chief financial officer owned 134,385 shares of the company’s stock, valued at approximately $12,775,981.95. The trade was a 6.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Larissa Schwartz sold 1,899 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $90.74, for a total transaction of $172,315.26. Following the transaction, the insider directly owned 38,164 shares in the company, valued at approximately $3,463,001.36. The trade was a 4.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 35,927 shares of company stock valued at $3,272,658. Corporate insiders own 5.68% of the company’s stock.

Institutional Trading of Okta

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Okta by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 19,803,227 shares of the company’s stock valued at $1,815,956,000 after buying an additional 1,074,977 shares in the last quarter. First Trust Advisors LP increased its stake in Okta by 28.2% during the 4th quarter. First Trust Advisors LP now owns 6,030,090 shares of the company’s stock worth $521,422,000 after buying an additional 1,326,051 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Okta by 4.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,635,572 shares of the company’s stock valued at $425,082,000 after acquiring an additional 179,919 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Okta by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 3,261,303 shares of the company’s stock valued at $281,246,000 after acquiring an additional 57,605 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Okta by 2.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,495,389 shares of the company’s stock valued at $215,776,000 after acquiring an additional 69,653 shares in the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Okta News Roundup

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Q4 beat and operational improvement — Okta reported revenue of $761M and non?GAAP EPS of $0.90, topping estimates, with cRPO and subscription growth improving and margins expanding; this clear upside is the main catalyst for the rally. Okta Earnings Beat, But Growth Questions Remain
• Positive Sentiment: AI agent narrative gaining traction — management emphasized “Okta for AI Agents” products; investors are rewarding the company for positioning identity as a core control point for autonomous AI, which could open a new TAM if adoption follows. Okta Sees AI Agents Fueling Next Growth Wave
• Positive Sentiment: Analyst support and bullish notes — several firms (Jefferies, DA Davidson, Morgan Stanley, UBS excerpts) highlighted upside potential and maintained or raised ratings/targets for Okta after the print, helping drive buying interest. Okta shares rally on strong earnings as Jefferies analysts see room for revenue upside
• Neutral Sentiment: Sector tailwind — cloud and cybersecurity ETFs traded higher alongside Okta, amplifying the move; this is a market?wide boost rather than company?specific validation. Cloud stocks jump, head for best day in nearly a year despite broad market declines
• Negative Sentiment: Soft near?term guidance — Okta guided Q1 revenue below Street estimates ( ~$749M–$753M ), flagging the slowest revenue growth since IPO and tempering enthusiasm about re?acceleration. Okta forecasts slowest revenue growth since IPO amid economic uncertainty
• Negative Sentiment: Analyst price?target cuts and mixed forward view — while many firms kept buy/overweight ratings, dozens trimmed targets and flagged decelerating retention and large?ACV additions as risks, limiting upside conviction. Okta Posts Q4 Beat; Analysts Cut Price Targets For Early AI Agent ‘Leader’

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.