Okta (OKTA) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Okta (NASDAQ: OKTA):

• 5/28/2025 – Okta had its “buy” rating reaffirmed by analysts at Roth Capital. They now have a $119.00 price target on the stock.
• 5/28/2025 – Okta had its price target raised by analysts at Scotiabank from $109.00 to $115.00. They now have a “sector perform” rating on the stock.
• 5/28/2025 – Okta had its price target lowered by analysts at Mizuho from $135.00 to $130.00. They now have an “outperform” rating on the stock.
• 5/28/2025 – Okta had its price target raised by analysts at Evercore ISI from $122.00 to $130.00. They now have an “outperform” rating on the stock.
• 5/28/2025 – Okta had its price target lowered by analysts at Royal Bank of Canada from $143.00 to $135.00. They now have an “outperform” rating on the stock.
• 5/28/2025 – Okta was given a new $132.00 price target on by analysts at BMO Capital Markets. They now have a “market perform” rating on the stock.
• 5/28/2025 – Okta had its “market perform” rating reaffirmed by analysts at JMP Securities.
• 5/28/2025 – Okta had its price target raised by analysts at Canaccord Genuity Group Inc. from $100.00 to $115.00. They now have a “hold” rating on the stock.
• 5/28/2025 – Okta had its price target raised by analysts at Wells Fargo & Company from $100.00 to $110.00. They now have an “equal weight” rating on the stock.
• 5/28/2025 – Okta had its price target lowered by analysts at Barclays PLC from $135.00 to $120.00. They now have an “equal weight” rating on the stock.
• 5/28/2025 – Okta had its price target raised by analysts at The Goldman Sachs Group, Inc. from $123.00 to $137.00. They now have a “buy” rating on the stock.
• 5/28/2025 – Okta had its price target raised by analysts at Stifel Nicolaus from $120.00 to $130.00. They now have a “buy” rating on the stock.
• 5/28/2025 – Okta had its price target lowered by analysts at Guggenheim from $140.00 to $138.00. They now have a “buy” rating on the stock.
• 5/28/2025 – Okta had its price target lowered by analysts at UBS Group AG from $150.00 to $130.00. They now have a “buy” rating on the stock.
• 5/28/2025 – Okta had its price target lowered by analysts at DA Davidson from $145.00 to $140.00. They now have a “buy” rating on the stock.
• 5/28/2025 – Okta had its price target raised by analysts at Needham & Company LLC from $115.00 to $125.00. They now have a “buy” rating on the stock.
• 5/28/2025 – Okta had its “buy” rating reaffirmed by analysts at Westpark Capital. They now have a $140.00 price target on the stock.
• 5/27/2025 – Okta had its “equal weight” rating reaffirmed by analysts at Stephens. They now have a $127.00 price target on the stock.
• 5/23/2025 – Okta had its price target raised by analysts at JPMorgan Chase & Co. from $120.00 to $140.00. They now have an “overweight” rating on the stock.
• 5/23/2025 – Okta had its “hold” rating reaffirmed by analysts at Jefferies Financial Group Inc.. They now have a $135.00 price target on the stock, up previously from $110.00.
• 5/22/2025 – Okta had its “buy” rating reaffirmed by analysts at BTIG Research.
• 5/22/2025 – Okta had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a $150.00 price target on the stock, up previously from $120.00.
• 5/20/2025 – Okta had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $140.00 price target on the stock, up previously from $130.00.
• 5/15/2025 – Okta had its price target raised by analysts at Mizuho from $127.00 to $135.00. They now have an “outperform” rating on the stock.
• 5/15/2025 – Okta had its price target raised by analysts at DA Davidson from $125.00 to $145.00. They now have a “buy” rating on the stock.
• 5/14/2025 – Okta had its price target raised by analysts at BMO Capital Markets from $130.00 to $135.00. They now have a “market perform” rating on the stock.
• 5/5/2025 – Okta is now covered by analysts at Loop Capital. They set a “buy” rating and a $140.00 price target on the stock.
• 4/23/2025 – Okta is now covered by analysts at Roth Capital. They set a “buy” rating and a $119.00 price target on the stock.
• 4/22/2025 – Okta was upgraded by analysts at Roth Capital to a “strong-buy” rating.
• 4/16/2025 – Okta had its price target lowered by analysts at Morgan Stanley from $125.00 to $123.00. They now have an “overweight” rating on the stock.

Okta Trading Up 2.0%

Okta stock opened at $105.60 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.06. Okta, Inc. has a 52 week low of $70.56 and a 52 week high of $127.57. The stock has a 50-day moving average price of $108.87 and a 200 day moving average price of $97.43. The company has a market capitalization of $18.33 billion, a price-to-earnings ratio of -301.71, a price-to-earnings-growth ratio of 6.42 and a beta of 0.96.

Okta (NASDAQ:OKTA) last posted its earnings results on Tuesday, May 27th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. The company had revenue of $688.00 million during the quarter, compared to the consensus estimate of $680.14 million. Okta had a negative net margin of 1.54% and a positive return on equity of 0.47%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share. Sell-side analysts anticipate that Okta, Inc. will post 0.42 EPS for the current year.

Insider Activity

In other Okta news, insider Eric Robert Kelleher sold 5,895 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $113.75, for a total value of $670,556.25. Following the completion of the transaction, the insider now owns 9,828 shares in the company, valued at approximately $1,117,935. This represents a 37.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Jonathan James Addison sold 7,005 shares of the company’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $101.19, for a total transaction of $708,835.95. Following the completion of the transaction, the executive now owns 19,067 shares of the company’s stock, valued at approximately $1,929,389.73. This trade represents a 26.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,452 shares of company stock valued at $2,697,360 in the last quarter. 5.68% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Okta

A number of large investors have recently bought and sold shares of OKTA. GK Wealth Management LLC raised its stake in shares of Okta by 13.5% during the 1st quarter. GK Wealth Management LLC now owns 3,837 shares of the company’s stock worth $404,000 after buying an additional 457 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Okta by 27.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 13,314 shares of the company’s stock worth $1,401,000 after buying an additional 2,848 shares during the period. Focus Partners Wealth raised its stake in shares of Okta by 3.5% during the 1st quarter. Focus Partners Wealth now owns 114,480 shares of the company’s stock worth $12,046,000 after buying an additional 3,857 shares during the period. Bayforest Capital Ltd acquired a new position in Okta during the first quarter worth $374,000. Finally, SCS Capital Management LLC acquired a new position in Okta during the first quarter worth $1,266,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

Okta, Inc operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials.