Oppenheimer Has Lowered Expectations for Okta (NASDAQ:OKTA) Stock Price

Okta (NASDAQ:OKTA) had its target price lowered by investment analysts at Oppenheimer from $120.00 to $110.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s target price would suggest a potential upside of 36.27% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on OKTA. Berenberg Bank cut their price objective on shares of Okta from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday. Truist Financial decreased their target price on shares of Okta from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Okta from $85.00 to $80.00 and set a “hold” rating on the stock in a research note on Thursday. Roth Mkm restated a “buy” rating on shares of Okta in a research report on Wednesday, December 3rd. Finally, TD Cowen reduced their price target on shares of Okta from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.25.

Okta Price Performance

Shares of OKTA stock opened at $80.72 on Thursday. Okta has a 12-month low of $68.77 and a 12-month high of $127.57. The firm has a market capitalization of $14.31 billion, a price-to-earnings ratio of 61.62, a price-to-earnings-growth ratio of 3.08 and a beta of 0.79. The business has a 50 day simple moving average of $85.06 and a 200 day simple moving average of $87.38.

Okta (NASDAQ:OKTA) last announced its earnings results on Wednesday, March 4th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.05. Okta had a return on equity of 4.18% and a net margin of 8.05%.The firm had revenue of $761.00 million for the quarter, compared to the consensus estimate of $749.87 million. During the same quarter in the previous year, the business earned $0.78 EPS. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. On average, equities analysts anticipate that Okta will post 0.42 EPS for the current fiscal year.

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

Insider Activity

In related news, insider Eric Robert Kelleher sold 8,370 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $90.19, for a total value of $754,890.30. Following the completion of the sale, the insider owned 11,266 shares in the company, valued at approximately $1,016,080.54. This represents a 42.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Todd Mckinnon sold 11,286 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $90.96, for a total transaction of $1,026,574.56. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have 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

Large investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its holdings in shares of Okta by 5.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 2,238 shares of the company’s stock valued at $224,000 after purchasing an additional 113 shares in the last quarter. Spire Wealth Management grew its holdings in shares of Okta by 30.8% during the fourth quarter. Spire Wealth Management now owns 505 shares of the company’s stock valued at $44,000 after buying an additional 119 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Okta by 6.4% during the third quarter. Allworth Financial LP now owns 2,251 shares of the company’s stock valued at $206,000 after buying an additional 135 shares in the last quarter. Choreo LLC raised its position in Okta by 2.0% during the third quarter. Choreo LLC now owns 7,239 shares of the company’s stock valued at $664,000 after buying an additional 140 shares during the period. Finally, Utah Retirement Systems lifted its stake in Okta by 0.6% in the 4th quarter. Utah Retirement Systems now owns 28,605 shares of the company’s stock worth $2,473,000 after acquiring an additional 163 shares in the last quarter. 86.64% of the stock is owned by institutional investors and hedge funds.

Okta News Summary

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Q4 results beat and signs of enterprise traction — Okta reported stronger-than-expected Q4 revenue and EPS (revenue ~$761M, EPS $0.90) with cRPO/contract metrics up, which underpins the near-term rally. Okta Earnings Beat, But Growth Questions Remain
• Positive Sentiment: AI?agent product traction — Management said AI?related products (e.g., Auth0 for AI Agents / Okta for AI Agents) contributed meaningfully to Q4 bookings and the company exceeded $3B in ACV, giving a credible growth narrative tied to securing non?human identities. Okta Ties AI Security Push To Larger Contracts And Equity Plans
• Positive Sentiment: Analyst upgrades and bullish notes — Multiple brokers reiterated or upgraded coverage after the print (BMO upgraded to Outperform with a $97 PT; JPMorgan raised its PT slightly; Jefferies/DA Davidson remain constructive), which supports near?term upside. BMO Capital Upgrades Okta to Outperform
• Neutral Sentiment: Mixed analyst positioning — while some firms kept or raised price targets, many others trimmed targets on a mix of valuation and near?term growth concerns; consensus views show upside but with varied conviction. Okta To Rally Around 22%? Here Are 10 Top Analyst Forecasts For Friday
• Neutral Sentiment: Equity plan / shelf filing announced — Okta filed a $763M shelf tied to an ESOP equity offering; routine for employee programs but worth noting for potential future supply. Okta Ties AI Security Push To Larger Contracts And Equity Plans
• Negative Sentiment: Cautious FY?2027 guidance and Q1 outlook — management’s FY?27 and Q1 guidance implied a near?term revenue deceleration (Q1 revenue guide slightly below Street estimates), which tempers the rally and keeps longer?term growth questions alive. Okta’s Q4 results surpass estimates, but guidance appears mixed
• Negative Sentiment: Competition and execution questions on the AI agent opportunity — analysts warn that the AI?agent TAM is attractive but unproven; large cloud players and security vendors are building competing solutions, making monetization and sustained re?acceleration uncertain. Okta: Bigger Deals And Renewed Growth, Thanks To Agentic AI
• Negative Sentiment: Analyst price?target cuts — several brokers trimmed targets post?earnings despite positive notes, signaling caution on valuation and the company’s ability to reaccelerate growth. Benzinga Coverage of Price Target Changes

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.