Okta (NASDAQ:OKTA) Given New $83.00 Price Target at BMO Capital Markets

Okta (NASDAQ:OKTA) had its target price trimmed by BMO Capital Markets from $90.00 to $83.00 in a report published on Thursday morning, Marketbeat.com reports. The brokerage currently has a market perform rating on the stock.

Other equities research analysts also recently issued reports about the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Okta in a report on Thursday, January 22nd. Cantor Fitzgerald reiterated an “overweight” rating on shares of Okta in a research report on Wednesday, December 17th. Royal Bank Of Canada lifted their price objective on Okta from $97.00 to $108.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Guggenheim restated a “buy” rating and issued a $138.00 target price on shares of Okta in a research note on Wednesday, December 3rd. Finally, Stephens raised shares of Okta from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $97.00 to $120.00 in a report on Wednesday, January 14th. Twenty-five analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.00.

Okta Trading Up 3.1%

Shares of NASDAQ OKTA opened at $75.25 on Thursday. The firm has a market capitalization of $13.34 billion, a price-to-earnings ratio of 69.04, a PEG ratio of 2.83 and a beta of 0.77. Okta has a one year low of $68.77 and a one year high of $127.57. The business has a fifty day simple moving average of $86.75 and a 200 day simple moving average of $88.00.

Okta (NASDAQ:OKTA) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.06. The firm had revenue of $742.00 million for the quarter, compared to analyst estimates of $730.23 million. Okta had a net margin of 6.87% and a return on equity of 3.77%. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 EPS. 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, research analysts anticipate that Okta will post 0.42 earnings per share for the current fiscal year.

Okta announced that its board has approved a stock buyback plan on Monday, January 5th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Okta

In related news, insider Larissa Schwartz sold 1,836 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $83.47, for a total value of $153,250.92. Following the transaction, the insider owned 36,328 shares in the company, valued at $3,032,298.16. This trade represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brett Tighe sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $95.07, for a total transaction of $950,700.00. Following the completion of the transaction, the chief financial officer directly owned 134,385 shares in the company, valued at $12,775,981.95. This trade represents a 6.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 37,245 shares of company stock worth $3,385,624. Insiders own 5.68% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in OKTA. Steward Partners Investment Advisory LLC increased its holdings in Okta by 5.3% in the second 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 during the last quarter. Spire Wealth Management raised its position in shares of Okta by 30.8% in the 4th quarter. Spire Wealth Management now owns 505 shares of the company’s stock valued at $44,000 after acquiring an additional 119 shares during the period. Simon Quick Advisors LLC boosted its stake in Okta by 2.5% during the 2nd quarter. Simon Quick Advisors LLC now owns 5,110 shares of the company’s stock worth $511,000 after acquiring an additional 126 shares during the last quarter. Allworth Financial LP grew its holdings in Okta by 6.4% during the third quarter. Allworth Financial LP now owns 2,251 shares of the company’s stock valued at $206,000 after purchasing an additional 135 shares during the period. Finally, Choreo LLC increased its stake in Okta by 2.0% in the third quarter. Choreo LLC now owns 7,239 shares of the company’s stock valued at $664,000 after purchasing an additional 140 shares in the last quarter. 86.64% of the stock is currently owned by institutional investors.

Key Headlines Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Zacks upgraded OKTA to a Rank #1 (Strong Buy), citing improved earnings prospects — a clear catalyst supporting upside sentiment. Okta (OKTA) Upgraded to Strong Buy: Here’s What You Should Know
• Positive Sentiment: Shares have shown short-term strength (recent intraday/closing gains), suggesting buyers are stepping in after heavy selling. Okta (OKTA) Rises Higher Than Market: Key Facts
• Neutral Sentiment: Okta’s CISO was recognized at the 2026 DallasCISO ORBIE Awards — positive credibility for the company’s security leadership but unlikely to move the stock materially on its own. 2026 DallasCISO ORBIE Awards Recognize Top Security Executives
• Neutral Sentiment: Market commentary flags OKTA as “high risk / high reward” ahead of its upcoming earnings report; this frames the near-term catalyst but leaves outcome-dependent directionality. After a Brutal Selloff, Are These 3 SaaS Giants About to Bounce?
• Negative Sentiment: BMO cut its price target from $90 to $83 and moved to “market perform,” a signal that some sell-side views are turning more cautious and could cap upside. BMO Capital Markets price-target note
• Negative Sentiment: Anthropic’s launch of Claude Code Security and other AI-driven security tools is pressuring cybersecurity peers and helped push Okta toward a 52-week low — a competitive/valuation headwind. Okta (OKTA) Valuation In Focus As AI Security Launch And 52-Week Low Test Investor Expectations
• Negative Sentiment: Unusually large purchases of put options and analyst pieces highlighting a steep recent selloff (down notably YTD and recent 4-week losses) point to elevated bearish positioning and sentiment risk ahead of earnings. Traders Purchase Large Volume of Put Options on Okta

Okta Company Profile

Okta, Inc is a publicly traded provider of identity and access management solutions, headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, the company completed its initial public offering in April 2017. Under the leadership of McKinnon as chief executive officer and Kerrest as chief operating officer, Okta has grown into a leading vendor in the cybersecurity space, focusing on secure user authentication, single sign-on and lifecycle management for digital identities.

At the core of Okta’s offering is the Okta Identity Cloud, a suite of cloud-native services that enable organizations to manage user access across web and mobile applications, on-premises systems and APIs.