Okta, Inc. (NASDAQ:OKTA) Given Average Rating of “Hold” by Brokerages

Shares of Okta, Inc. (NASDAQ:OKTA) have earned a consensus recommendation of “Hold” from the thirty-nine ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-two have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $118.9444.

Several brokerages have recently weighed in on OKTA. Jefferies Financial Group increased their target price on shares of Okta from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Wednesday, August 27th. BMO Capital Markets reduced their price objective on shares of Okta from $132.00 to $112.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 27th. Cantor Fitzgerald reissued an “overweight” rating and issued a $130.00 price objective on shares of Okta in a research note on Wednesday, August 27th. BTIG Research reaffirmed a “buy” rating and set a $142.00 target price on shares of Okta in a research note on Friday, September 26th. Finally, Needham & Company LLC reissued a “buy” rating and set a $125.00 price target on shares of Okta in a research note on Wednesday, August 27th.

Okta Price Performance

Shares of OKTA stock opened at $85.21 on Monday. The company has a market cap of $14.92 billion, a PE ratio of 100.25, a price-to-earnings-growth ratio of 4.18 and a beta of 0.84. Okta has a 1 year low of $71.84 and a 1 year high of $127.57. The stock’s 50 day simple moving average is $90.41 and its two-hundred day simple moving average is $98.20.

Okta (NASDAQ:OKTA) last released its earnings results on Tuesday, August 26th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.07. Okta had a return on equity of 3.31% and a net margin of 6.08%.The firm had revenue of $728,000 billion for the quarter, compared to the consensus estimate of $711.84 million. During the same quarter in the previous year, the company posted $0.72 EPS. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS. Equities research analysts expect that Okta will post 0.42 EPS for the current year.

Insider Activity at Okta

In other Okta news, insider Larissa Schwartz sold 1,318 shares of the company’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $91.65, for a total value of $120,794.70. Following the transaction, the insider directly owned 37,837 shares in the company, valued at $3,467,761.05. This represents a 3.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Jonathan James Addison sold 6,091 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $92.61, for a total value of $564,087.51. Following the completion of the sale, the executive owned 7,067 shares of the company’s stock, valued at $654,474.87. The trade was a 46.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 63,657 shares of company stock worth $5,898,754 over the last ninety days. 5.68% of the stock is currently owned by company insiders.

Institutional Trading of Okta

Institutional investors and hedge funds have recently made changes to their positions in the company. Pinnacle Bancorp Inc. acquired a new stake in shares of Okta during the second quarter worth $26,000. Root Financial Partners LLC acquired a new stake in Okta during the 3rd quarter worth about $26,000. Harbour Investments Inc. grew its stake in Okta by 152.4% during the 1st quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock valued at $27,000 after purchasing an additional 157 shares during the last quarter. Promus Capital LLC purchased a new stake in Okta during the 2nd quarter valued at about $27,000. Finally, Kiker Wealth Management LLC raised its stake in shares of Okta by 1,159.3% in the second quarter. Kiker Wealth Management LLC now owns 340 shares of the company’s stock worth $34,000 after purchasing an additional 313 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors.

About Okta

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.