Okta (NASDAQ:OKTA) Price Target Raised to $105.00 at Piper Sandler

Okta (NASDAQ:OKTA) had its price target increased by stock analysts at Piper Sandler from $82.00 to $105.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price objective would suggest a potential downside of 13.21% from the stock’s current price.

OKTA has been the topic of several other reports. Royal Bank Of Canada upped their price target on shares of Okta from $108.00 to $122.00 and gave the company an “outperform” rating in a report on Friday. Oppenheimer upped their price target on shares of Okta from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Friday. Stifel Nicolaus cut their price target on shares of Okta from $121.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Seaport Research Partners lowered shares of Okta to a “neutral” rating in a research note on Thursday, April 16th. Finally, Wedbush reiterated an “outperform” rating and set a $60.00 target price on shares of Okta in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Okta presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.74.

Okta Price Performance

OKTA stock traded up $26.26 during midday trading on Friday, reaching $120.98. 8,688,730 shares of the company’s stock traded hands, compared to its average volume of 3,482,311. The company has a market capitalization of $21.40 billion, a P/E ratio of 92.28, a PEG ratio of 3.49 and a beta of 0.59. Okta has a fifty-two week low of $62.66 and a fifty-two week high of $121.19. The business has a 50-day moving average price of $79.01 and a two-hundred day moving average price of $82.69.

Okta (NASDAQ:OKTA) last posted its earnings results on Thursday, May 28th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. Okta had a net margin of 8.05% and a return on equity of 4.18%. The business had revenue of $765.00 million for the quarter, compared to analysts’ expectations of $751.84 million. During the same period in the previous year, the company posted $0.86 earnings per share. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. 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 forecast that Okta will post 1.61 earnings per share for the current fiscal year.

Insider Buying and Selling at Okta

In other news, insider Eric Robert Kelleher sold 16,818 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $80.00, for a total transaction of $1,345,440.00. Following the completion of the transaction, the insider owned 15,470 shares in the company, valued at approximately $1,237,600. This represents a 52.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Todd Mckinnon sold 11,263 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $81.01, for a total transaction of $912,415.63. Following 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. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 70,884 shares of company stock valued at $5,625,648. Corporate insiders own 4.61% of the company’s stock.

Institutional Investors Weigh In On Okta

Institutional investors have recently bought and sold shares of the stock. Spire Wealth Management lifted its position in shares of Okta by 30.8% during the 4th quarter. Spire Wealth Management now owns 505 shares of the company’s stock worth $44,000 after buying an additional 119 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Okta by 10.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,333 shares of the company’s stock valued at $105,000 after purchasing an additional 129 shares during the last quarter. Allworth Financial LP raised its position in Okta by 6.4% in the third quarter. Allworth Financial LP now owns 2,251 shares of the company’s stock valued at $206,000 after purchasing an additional 135 shares during the last quarter. Choreo LLC raised its position in Okta by 2.0% in the third quarter. Choreo LLC now owns 7,239 shares of the company’s stock valued at $664,000 after purchasing an additional 140 shares during the last quarter. Finally, SteelPeak Wealth LLC raised its position in Okta by 2.8% in the first quarter. SteelPeak Wealth LLC now owns 5,166 shares of the company’s stock valued at $407,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

More Okta News

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta beat Wall Street estimates on both revenue and earnings, reporting $765 million in revenue and $0.91 in adjusted EPS, while also highlighting 11.2% year-over-year sales growth and improved operating profitability. Okta (OKTA) Q1 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management lifted full-year and next-quarter guidance, signaling confidence in continued demand and execution; investors are viewing the outlook as a key reason the stock is re-rating higher. Okta shares surge after first-quarter earnings beat, raised guidance
• Positive Sentiment: Several analysts raised price targets after the report, including RBC, Truist, Berenberg, Oppenheimer, BTIG, Needham, BMO, JPMorgan, and others, reflecting improving sentiment around Okta’s enterprise momentum and AI-related identity opportunity. Okta Price Target Raised to $140 on Improving Fundamentals, AI-Driven Growth, and Conservative Upside Potential
• Positive Sentiment: Analysts and company commentary pointed to rising demand for identity security tied to AI agents, which is becoming an important growth narrative for Okta. Okta tops first-quarter results on agentic AI demand
• Neutral Sentiment: Okta also announced an upcoming investor conference appearance, which is supportive for visibility but not a major near-term catalyst by itself. Okta to Present at Upcoming Investor Conferences

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.