Jefferies Financial Group Has Lowered Expectations for Okta (NASDAQ:OKTA) Stock Price

Posted by Defense World Staff on Mar 4th, 2026

Okta (NASDAQ:OKTA – Get Free Report) had its target price dropped by equities research analysts at Jefferies Financial Group from $125.00 to $105.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 44.79% from the stock’s current price.

OKTA has been the topic of several other reports. Mizuho lowered their price target on shares of Okta from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. The Goldman Sachs Group decreased their price objective on Okta from $137.00 to $117.00 and set a “buy” rating on the stock in a report on Wednesday, December 3rd. Guggenheim reiterated a “buy” rating and set a $138.00 price objective on shares of Okta in a research report on Wednesday, December 3rd. Truist Financial reduced their target price on shares of Okta from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Finally, Piper Sandler upped their price target on shares of Okta from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $107.50.

Check Out Our Latest Analysis on Okta

Okta Price Performance

OKTA stock opened at $72.52 on Monday. The company has a fifty day moving average price of $85.73 and a two-hundred day moving average price of $87.62. Okta has a one year low of $68.77 and a one year high of $127.57. The stock has a market cap of $12.85 billion, a price-to-earnings ratio of 66.53, a price-to-earnings-growth ratio of 2.87 and a beta of 0.79.

Okta (NASDAQ:OKTA – Get Free Report) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.06. The company 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 company’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 earnings per share. Research analysts anticipate that Okta will post 0.42 EPS for the current fiscal year.

Okta declared that its Board of Directors has initiated a stock buyback plan on Monday, January 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Activity at Okta

In related news, insider Larissa Schwartz sold 1,899 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $90.74, for a total value of $172,315.26. Following the transaction, the insider owned 38,164 shares in the company, valued at approximately $3,463,001.36. This represents a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eric Robert Kelleher sold 8,370 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $90.19, for a total transaction of $754,890.30. Following the completion of the sale, the insider directly owned 11,266 shares in the company, valued at approximately $1,016,080.54. This trade represents a 42.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 37,245 shares of company stock worth $3,385,624 over the last quarter. Company insiders own 5.68% of the company’s stock.

Institutional Investors Weigh In On Okta

Several large investors have recently added to or reduced their stakes in OKTA. Promus Capital LLC purchased a new position in Okta in the second quarter worth $27,000. Root Financial Partners LLC bought a new position in Okta in the 3rd quarter worth $26,000. Elevation Wealth Partners LLC boosted its position in Okta by 825.0% during the 4th quarter. Elevation Wealth Partners LLC now owns 296 shares of the company’s stock valued at $26,000 after acquiring an additional 264 shares in the last quarter. Torren Management LLC bought a new stake in shares of Okta during the fourth quarter valued at approximately $32,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Okta during the third quarter valued at approximately $34,000. 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: Jefferies kept a Buy rating on OKTA even after trimming its price target to $105, which signals continued conviction from a major sell‑side shop despite the cut. Okta (NASDAQ:OKTA) Given New $105.00 Price Target at Jefferies Financial Group
Positive Sentiment: Robert W. Baird reiterated a Buy rating with a $125 target, highlighting bullish views around identity/security and AI tailwinds that could support upside. Okta: Strengthening Identity Security Amid AI Adoption
Positive Sentiment: Okta will present at an investor conference — management access often tempers uncertainty ahead of earnings and can reinforce messaging on AI/security progress. Okta to Present at Upcoming Investor Conference
Neutral Sentiment: The company is set to report Q4 results tomorrow (Mar. 4); previews expect steady revenue growth, rising RPO and AI‑security momentum but warn of macro and competitive pressures — this event is the near‑term catalyst. Dear Okta Stock Fans, Mark Your Calendars for March 4
Neutral Sentiment: Media pieces discussing analyst ratings and whether to buy/hold/sell can amplify moves but provide limited new info; treat as sentiment drivers rather than fundamental changes. Wall Street Bulls Look Optimistic About Okta (OKTA)
Negative Sentiment: Several firms cut price targets or set conservative ratings recently (Cantor Fitzgerald to $100, BTIG to $90, BMO trimmed its PT to $83 and kept Market Perform, Wells Fargo initiated at Equal Weight/$76) — the cluster of downward PT moves pressures sentiment and likely contributed to today’s decline. Cantor Fitzgerald Cuts Okta Price Target to $100 Benzinga Coverage BMO Capital Expects Solid Q1 Results
Negative Sentiment: High-profile commentary questioned Okta’s differentiation in an AI era (Jim Cramer noted market skepticism that chatbots could displace some identity functions), which can stoke investor caution ahead of the report. Jim Cramer on Okta

Okta Company Profile

(Get Free Report)

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.