Okta, Inc. (NASDAQ:OKTA) Receives Average Recommendation of “Moderate Buy” from Analysts

Okta, Inc. (NASDAQ:OKTA) has been assigned a consensus rating of “Moderate Buy” from the forty ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-three have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $112.0833.

A number of analysts have issued reports on the company. Barclays cut their target price on Okta from $112.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 18th. Robert W. Baird dropped their price objective on shares of Okta from $142.00 to $135.00 and set an “outperform” rating for the company in a report on Monday, September 29th. JMP Securities restated a “market perform” rating on shares of Okta in a research report on Wednesday, August 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Okta in a report on Wednesday, October 8th. Finally, Stifel Nicolaus dropped their price target on shares of Okta from $130.00 to $121.00 and set a “buy” rating for the company in a research note on Wednesday.

Okta Price Performance

OKTA opened at $85.90 on Friday. The firm has a market capitalization of $15.04 billion, a price-to-earnings ratio of 78.81, a price-to-earnings-growth ratio of 4.24 and a beta of 0.77. The company’s 50 day simple moving average is $86.88 and its two-hundred day simple moving average is $93.96. Okta has a 1-year low of $75.05 and a 1-year high of $127.57.

Okta (NASDAQ:OKTA) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. Okta had a return on equity of 3.77% and a net margin of 6.87%.The business had revenue of $742.00 million during the quarter, compared to analyst estimates of $730.23 million. During the same period in the prior year, the business earned $0.67 earnings per share. The business’s revenue was up 11.6% compared to the same quarter last year. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS. On average, equities analysts anticipate that Okta will post 0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Brett Tighe sold 10,000 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $95.00, for a total value of $950,000.00. Following the transaction, the chief financial officer owned 133,336 shares of the company’s stock, valued at $12,666,920. This represents a 6.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Todd Mckinnon sold 31,968 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $92.33, for a total value of $2,951,605.44. The SEC filing for this sale provides additional information. Insiders sold a total of 64,975 shares of company stock valued at $6,011,126 in the last ninety days. Company insiders own 5.68% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its position in shares of Okta by 12.6% during the first quarter. Smartleaf Asset Management LLC now owns 824 shares of the company’s stock valued at $89,000 after acquiring an additional 92 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Okta by 5.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,238 shares of the company’s stock worth $224,000 after purchasing an additional 113 shares during the period. Norden Group LLC boosted its position in shares of Okta by 3.7% during the 2nd quarter. Norden Group LLC now owns 3,260 shares of the company’s stock worth $326,000 after purchasing an additional 116 shares during the period. Advisors Asset Management Inc. increased its holdings in Okta by 12.6% in the 1st quarter. Advisors Asset Management Inc. now owns 1,073 shares of the company’s stock valued at $113,000 after purchasing an additional 120 shares during the last quarter. Finally, Simon Quick Advisors LLC raised its position in 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 purchasing an additional 126 shares during the period. 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.