Cantor Fitzgerald Issues Pessimistic Forecast for Okta (NASDAQ:OKTA) Stock Price

Okta (NASDAQ:OKTA) had its price target reduced by Cantor Fitzgerald from $115.00 to $100.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target suggests a potential upside of 37.93% from the stock’s current price.

A number of other research firms also recently commented on OKTA. Stifel Nicolaus decreased their target price on Okta from $130.00 to $121.00 and set a “buy” rating for the company in a report on Wednesday, December 3rd. UBS Group reiterated a “buy” rating on shares of Okta in a research note on Thursday, December 4th. Scotiabank lowered their price target on shares of Okta from $105.00 to $85.00 and set a “sector perform” rating on the stock in a report on Wednesday, December 3rd. Mizuho cut their price objective on shares of Okta from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Finally, The Goldman Sachs Group lowered their target price on shares of Okta from $137.00 to $117.00 and set a “buy” rating on the stock in a research note on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Okta currently has an average rating of “Moderate Buy” and an average price target of $110.57.

Okta Trading Down 3.7%

NASDAQ OKTA opened at $72.50 on Friday. Okta has a 12-month low of $68.77 and a 12-month high of $127.57. The company has a fifty day simple moving average of $86.40 and a two-hundred day simple moving average of $87.88. The stock has a market cap of $12.85 billion, a P/E ratio of 66.51, a P/E/G ratio of 2.81 and a beta of 0.77.

Okta (NASDAQ:OKTA) last announced its quarterly earnings data on Tuesday, December 2nd. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. Okta had a net margin of 6.87% and a return on equity of 3.77%. The firm had revenue of $742.00 million for the quarter, compared to analyst estimates of $730.23 million. During the same period in the previous year, the company earned $0.67 earnings per share. The business’s quarterly 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. As a group, sell-side analysts forecast that Okta will post 0.42 earnings per share for the current year.

Okta announced that its board has initiated a share repurchase plan on Monday, January 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, CEO Todd Mckinnon sold 11,286 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $90.96, for a total value of $1,026,574.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $153,250.92. Following the sale, the insider owned 36,328 shares of the company’s stock, valued at approximately $3,032,298.16. The trade was a 4.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 37,245 shares of company stock worth $3,385,624 in the last three months. Company insiders own 5.68% of the company’s stock.

Institutional Trading of Okta

Hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC purchased a new position in Okta in the third quarter worth approximately $26,000. Elevation Wealth Partners LLC lifted its stake in shares of Okta by 825.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 296 shares of the company’s stock valued at $26,000 after purchasing an additional 264 shares during the last quarter. Promus Capital LLC purchased a new position in shares of Okta during the 2nd quarter worth $27,000. Torren Management LLC acquired a new stake in shares of Okta during the 4th quarter worth about $32,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Okta in the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Key Headlines Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Zacks upgraded Okta to a “Strong Buy,” signaling growing optimism that its upcoming results could surprise positively and support a rally. Okta (OKTA) Upgraded to Strong Buy
• Positive Sentiment: Cantor Fitzgerald kept an Overweight rating even after trimming its price target, indicating some analysts still see meaningful upside if fundamentals stabilize. Cantor Fitzgerald price target note
• Neutral Sentiment: MarketBeat highlights Okta as one of the beaten-down SaaS names that could bounce if its next report reassures investors; the March earnings cadence is framed as the key near-term catalyst (can go either way). After a Brutal Selloff, Are These 3 SaaS Giants About to Bounce?
• Neutral Sentiment: Countdown/preview pieces (Yahoo/Zacks) urge investors to look beyond revenue and EPS for metrics such as customer retention, ARR trends, and margin drivers—items that will likely determine the stock’s direction after the report. Countdown to Okta (OKTA) Q4 Earnings
• Negative Sentiment: BMO trimmed its price target and lowered its rating to “market perform,” reflecting more cautious near-term expectations and adding downward pressure on sentiment. BMO price target cut
• Negative Sentiment: Broad sector fears that AI could compress SaaS pricing/usage (the so‑called “SaaSpocalypse”) continue to drive selling across names including Okta; if Okta’s results or guidance disappoint, the selloff could accelerate. 2 Tech Stocks That Could Go Parabolic

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.