Okta (NASDAQ:OKTA) Stock Price Target Raised at Citizens Jmp

Okta (NASDAQ:OKTA) had its price objective boosted by Citizens Jmp from $180.00 to $225.00 in a research note published on Monday morning,Benzinga reports. They currently have a market outperform rating on the stock.

Several other analysts also recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Okta from $165.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, August 27th. Cantor Fitzgerald upped their target price on shares of Okta from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Royal Bank Of Canada raised their price target on shares of Okta from $195.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, September 24th. Guggenheim lifted their price target on Okta from $188.00 to $227.00 and gave the company a “buy” rating in a report on Thursday. Finally, The Goldman Sachs Group boosted their price objective on Okta from $126.00 to $203.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $199.56.

Okta Price Performance

Shares of NASDAQ OKTA opened at $202.18 on Monday. Okta has a 1-year low of $62.66 and a 1-year high of $212.50. The business’s fifty day moving average price is $159.69 and its two-hundred day moving average price is $120.93. The firm has a market capitalization of $35.35 billion, a PE ratio of 121.80, a P/E/G ratio of 6.07 and a beta of 0.79.

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

Insider Activity at Okta

In other news, CFO Brett Tighe sold 41,251 shares of the company’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 completion of the sale, the chief financial officer directly owned 7,693 shares of the company’s stock, valued at approximately $1,249,650.92. This represents a 84.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric Kelleher sold 6,395 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $3,427,071.44. This trade represents a 25.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 206,702 shares of company stock worth $34,034,508 in the last 90 days. Corporate insiders own 4.61% of the company’s stock.

Institutional Investors Weigh In On Okta

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OKTA. Washington Trust Advisors Inc. lifted its stake in Okta by 64.2% in the 2nd quarter. Washington Trust Advisors Inc. now owns 197 shares of the company’s stock worth $27,000 after acquiring an additional 77 shares in the last quarter. CX Institutional grew its stake in Okta by 5.1% during the 2nd quarter. CX Institutional now owns 2,633 shares of the company’s stock valued at $359,000 after acquiring an additional 127 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Okta by 10.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,333 shares of the company’s stock valued at $105,000 after acquiring an additional 129 shares in the last quarter. SteelPeak Wealth LLC increased its holdings in shares of Okta by 2.8% in the 1st 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 period. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Okta by 1.8% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 9,241 shares of the company’s stock valued at $1,261,000 after purchasing an additional 167 shares during the period. Institutional investors own 86.64% of the company’s stock.

Okta News Summary

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Citizens raised its price target to $225 from $180 and maintained a “Market Outperform” rating. The firm believes identity security will become increasingly important as businesses deploy AI agents, while improving demand, cross-selling and go-to-market execution could accelerate Okta’s growth. The new target implies approximately 11% upside from the referenced share price. Citizens raises Okta price target
• Positive Sentiment: Analysts are increasingly focused on Okta’s AI-agent security opportunity. New capabilities announced at Oktane 2026, including Agent SSO, could position Okta as an identity and access-control layer for autonomous AI systems that require authentication, permissions and continuous oversight. Okta AI pivot and growth opportunity
• Positive Sentiment: Bank of America and BMO Capital Markets also expressed optimism about Okta’s outlook. Coverage points to the possibility that the AI security market could expand beyond Okta’s traditional identity-management opportunity, supporting longer-term growth and additional analyst target increases. Bank of America raises Okta target
• Neutral Sentiment: The main investment debate is valuation and execution. Although the AI-agent opportunity has strengthened Okta’s growth narrative, investors are weighing how quickly the new business can become material enough to justify the stock’s elevated valuation. Okta AI agent opportunity and valuation
• Negative Sentiment: Okta CEO Todd McKinnon reportedly sold approximately $9.45 million of company stock. The insider sale may create a modest overhang, although it does not necessarily indicate a change in the company’s operating outlook. Okta CEO stock sale

Okta Company Profile

Okta, Inc provides cloud-based identity and access management solutions for organizations. Its platform helps businesses securely connect employees, customers, partners and applications while managing authentication, authorization and user access across cloud, on-premises and mobile environments.

The company’s offerings include single sign-on, multifactor authentication, adaptive access controls, lifecycle management, identity governance and privileged access capabilities. Through its Customer Identity Cloud, powered by Auth0, Okta also provides tools for developers and businesses to embed authentication and authorization features into applications and digital services.

Founded in 2009 by Todd McKinnon and Frederic Kerrest, Okta completed its initial public offering in 2017.