Okta (NASDAQ:OKTA) Given New $85.00 Price Target at Deutsche Bank Aktiengesellschaft

Okta (NASDAQ:OKTA) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $110.00 to $85.00 in a research note published on Wednesday,MarketScreener reports. They currently have a hold rating on the stock.

A number of other equities analysts have also commented on OKTA. Needham & Company LLC dropped their price target on shares of Okta from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday. BMO Capital Markets dropped their target price on shares of Okta from $112.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday. Scotiabank cut their target price on shares of Okta from $105.00 to $85.00 and set a “sector perform” rating for the company in a research report on Wednesday. Zacks Research downgraded Okta from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 28th. Finally, Guggenheim reissued a “buy” rating and set a $60.00 price objective on shares of Okta in a research report on Friday, November 14th. Twenty-three investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Okta has a consensus rating of “Moderate Buy” and an average target price of $112.08.

Okta Price Performance

Okta stock opened at $86.34 on Wednesday. Okta has a one year low of $75.05 and a one year high of $127.57. The company’s fifty day moving average price is $86.99 and its two-hundred day moving average price is $94.02. The company has a market capitalization of $15.12 billion, a price-to-earnings ratio of 79.21, a PEG ratio of 4.02 and a beta of 0.77.

Okta (NASDAQ:OKTA) last released its quarterly earnings results on Tuesday, December 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.06. Okta had a return on equity of 3.82% and a net margin of 6.87%.The company had revenue of $742.00 million during the quarter, compared to the consensus estimate of $730.23 million. During the same quarter in the prior year, the company posted $0.67 EPS. The firm’s revenue was up 11.6% on a year-over-year basis. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS. As a group, sell-side analysts anticipate that Okta will post 0.42 earnings per share for the current year.

Insider Buying and Selling at Okta

In related news, CFO Brett Tighe sold 10,000 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $95.00, for a total value of $950,000.00. Following the sale, the chief financial officer owned 133,336 shares of the company’s stock, valued at $12,666,920. The trade was a 6.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Eric Robert Kelleher sold 2,410 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $91.73, for a total transaction of $221,069.30. Following the completion of the transaction, the insider directly owned 9,174 shares of the company’s stock, valued at $841,531.02. This trade represents a 20.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 64,975 shares of company stock worth $6,011,126 in the last 90 days. 5.68% of the stock is currently owned by insiders.

Institutional Trading of Okta

Several institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its holdings in shares of Okta by 12.6% in the 1st quarter. Smartleaf Asset Management LLC now owns 824 shares of the company’s stock worth $89,000 after purchasing an additional 92 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Okta by 5.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,238 shares of the company’s stock valued at $224,000 after purchasing an additional 113 shares in the last quarter. Norden Group LLC raised its holdings in Okta by 3.7% during the second quarter. Norden Group LLC now owns 3,260 shares of the company’s stock worth $326,000 after buying an additional 116 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Okta by 12.6% during the first quarter. Advisors Asset Management Inc. now owns 1,073 shares of the company’s stock worth $113,000 after buying an additional 120 shares during the last quarter. Finally, Simon Quick Advisors LLC lifted its stake in shares of Okta by 2.5% in the second quarter. Simon Quick Advisors LLC now owns 5,110 shares of the company’s stock valued at $511,000 after buying an additional 126 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Okta Company Profile

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.