Okta (NASDAQ:OKTA) Stock Price Expected to Rise, BTIG Research Analyst Says

Okta (NASDAQ:OKTA) had its price target lifted by research analysts at BTIG Research from $105.00 to $119.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s target price suggests a potential upside of 25.63% from the company’s previous close.

OKTA has been the topic of a number of other reports. Oppenheimer lowered their target price on shares of Okta from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, March 5th. Needham & Company LLC raised their target price on shares of Okta from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday. Sanford C. Bernstein restated an “outperform” rating and set a $134.00 target price on shares of Okta in a research report on Friday, March 6th. Morgan Stanley lowered their target price on shares of Okta from $110.00 to $101.00 and set an “overweight” rating on the stock in a research report on Thursday, March 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Okta from $103.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $104.85.

Okta Stock Up 5.8%

Shares of Okta stock opened at $94.72 on Friday. The firm has a market capitalization of $16.76 billion, a P/E ratio of 72.31, a P/E/G ratio of 3.49 and a beta of 0.59. Okta has a 52 week low of $62.66 and a 52 week high of $107.84. The firm’s 50 day moving average is $79.01 and its two-hundred day moving average is $82.69.

Okta (NASDAQ:OKTA) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.85 by $0.06. The company had revenue of $765.00 million for the quarter, compared to analyst estimates of $751.84 million. Okta had a net margin of 8.05% and a return on equity of 4.18%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 earnings per share. Okta has set its FY 2027 guidance at 3.790-3.870 EPS and its Q2 2027 guidance at 0.950-0.970 EPS. As a group, research analysts expect that Okta will post 1.61 earnings per share for the current fiscal year.

Insider Transactions at Okta

In related news, CEO Todd Mckinnon sold 11,263 shares of Okta stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $81.01, for a total value of $912,415.63. Following the transaction, the chief executive officer directly owned 97,083 shares in the company, valued at $7,864,693.83. This trade represents a 10.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Jonathan James Addison sold 23,304 shares of Okta stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $77.79, for a total transaction of $1,812,818.16. Following the completion of the transaction, the executive owned 4,364 shares in the company, valued at approximately $339,475.56. This trade represents a 84.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 70,884 shares of company stock worth $5,625,648 over the last quarter. 4.61% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Okta

Hedge funds and other institutional investors have recently bought and sold shares of the company. Elevation Wealth Partners LLC grew its position in Okta by 825.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 296 shares of the company’s stock valued at $26,000 after buying an additional 264 shares during the last quarter. SHP Wealth Management purchased a new position in Okta in the 4th quarter valued at $27,000. Torren Management LLC purchased a new position in Okta in the 4th quarter valued at $32,000. Aster Capital Management DIFC Ltd purchased a new position in Okta in the 3rd quarter valued at $34,000. Finally, Westside Investment Management Inc. boosted its position in shares of Okta by 86.9% during the 3rd quarter. Westside Investment Management Inc. now owns 415 shares of the company’s stock worth $38,000 after purchasing an additional 193 shares in the last quarter. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta reported fiscal Q1 2027 results that beat estimates on both earnings and revenue, with EPS of $0.91 versus $0.85 expected and revenue of $765 million versus $751.8 million expected. The company also highlighted stronger operating performance and 11.2% year-over-year revenue growth. Okta earnings report
• Positive Sentiment: Management issued guidance above consensus, including Q2 EPS guidance of $0.95 to $0.97 and FY 2027 EPS guidance of $3.79 to $3.87, signaling confidence in continued execution and margin improvement. Okta press release
• Positive Sentiment: Analysts turned more constructive after the report, with JPMorgan raising its price target to $114, Citi lifting its target to $105, Robert W. Baird raising its target to $140, and William Blair reiterating a Buy rating on improving enterprise momentum and AI-driven growth potential. Citi target lift article
• Positive Sentiment: Investors are also focused on Okta’s AI-agent identity management opportunity, which management said is creating additional demand for its security tools and could expand the company’s long-term growth runway. CNBC earnings article
• Neutral Sentiment: Some commentary pointed to valuation as a reason for caution, with Citi keeping a Hold rating despite better execution, suggesting the stock may need continued fundamental progress to justify further upside. Citi hold/target article

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.