Deutsche Bank Aktiengesellschaft Cuts Okta (NASDAQ:OKTA) Price Target to $80.00

Okta (NASDAQ:OKTA) had its price objective cut by Deutsche Bank Aktiengesellschaft from $85.00 to $80.00 in a research report report published on Thursday morning,MarketScreener reports. They currently have a hold rating on the stock.

A number of other brokerages also recently commented on OKTA. Wells Fargo & Company assumed coverage on shares of Okta in a research report on Tuesday, March 3rd. They issued an “equal weight” rating and a $76.00 price objective for the company. BTIG Research dropped their target price on Okta from $116.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Canaccord Genuity Group reissued a “buy” rating and issued a $120.00 price target on shares of Okta in a report on Wednesday, December 3rd. Guggenheim restated a “buy” rating and issued a $138.00 price target on shares of Okta in a research note on Wednesday, December 3rd. Finally, Truist Financial dropped their price objective on Okta from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.25.

Okta Price Performance

Shares of NASDAQ OKTA opened at $80.72 on Thursday. The stock has a fifty day moving average price of $85.06 and a 200 day moving average price of $87.36. Okta has a 1-year low of $68.77 and a 1-year high of $127.57. The company has a market cap of $14.31 billion, a PE ratio of 61.62, a P/E/G ratio of 3.12 and a beta of 0.79.

Okta (NASDAQ:OKTA) last announced its quarterly earnings data on Wednesday, March 4th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.05. Okta had a net margin of 8.05% and a return on equity of 4.18%. The company had revenue of $761.00 million during the quarter, compared to the consensus estimate of $749.87 million. During the same quarter in the prior year, the firm earned $0.78 EPS. Okta’s quarterly revenue was up 11.6% on a year-over-year basis. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. Analysts anticipate that Okta will post 0.42 earnings per share for the current fiscal year.

Okta declared that its board has authorized a share buyback program on Monday, January 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other Okta news, insider Larissa Schwartz sold 1,836 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $83.47, for a total value of $153,250.92. Following the transaction, the insider directly owned 36,328 shares in the company, valued at approximately $3,032,298.16. This represents a 4.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brett Tighe sold 10,000 shares of the company’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 owned 134,385 shares in the company, valued at approximately $12,775,981.95. This trade represents a 6.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 35,927 shares of company stock valued at $3,272,658 over the last three months. Insiders own 5.68% of the company’s stock.

Hedge Funds Weigh In On Okta

Several institutional investors and hedge funds have recently modified their holdings of the company. Promus Capital LLC acquired a new stake in Okta during the second quarter worth approximately $27,000. Root Financial Partners LLC acquired a new position in Okta in the 3rd quarter valued at $26,000. Elevation Wealth Partners LLC raised its holdings in 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 acquiring an additional 264 shares during the last quarter. SHP Wealth Management purchased a new position in shares of Okta during the 4th quarter worth $27,000. Finally, Torren Management LLC purchased a new position in shares of Okta during the 4th quarter worth $32,000. 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: Q4 results beat and signs of enterprise traction — Okta reported stronger-than-expected Q4 revenue and EPS (revenue ~$761M, EPS $0.90) with cRPO/contract metrics up, which underpins the near-term rally. Okta Earnings Beat, But Growth Questions Remain
• Positive Sentiment: AI‑agent product traction — Management said AI‑related products (e.g., Auth0 for AI Agents / Okta for AI Agents) contributed meaningfully to Q4 bookings and the company exceeded $3B in ACV, giving a credible growth narrative tied to securing non‑human identities. Okta Ties AI Security Push To Larger Contracts And Equity Plans
• Positive Sentiment: Analyst upgrades and bullish notes — Multiple brokers reiterated or upgraded coverage after the print (BMO upgraded to Outperform with a $97 PT; JPMorgan raised its PT slightly; Jefferies/DA Davidson remain constructive), which supports near‑term upside. BMO Capital Upgrades Okta to Outperform
• Neutral Sentiment: Mixed analyst positioning — while some firms kept or raised price targets, many others trimmed targets on a mix of valuation and near‑term growth concerns; consensus views show upside but with varied conviction. Okta To Rally Around 22%? Here Are 10 Top Analyst Forecasts For Friday
• Neutral Sentiment: Equity plan / shelf filing announced — Okta filed a $763M shelf tied to an ESOP equity offering; routine for employee programs but worth noting for potential future supply. Okta Ties AI Security Push To Larger Contracts And Equity Plans
• Negative Sentiment: Cautious FY‑2027 guidance and Q1 outlook — management’s FY‑27 and Q1 guidance implied a near‑term revenue deceleration (Q1 revenue guide slightly below Street estimates), which tempers the rally and keeps longer‑term growth questions alive. Okta’s Q4 results surpass estimates, but guidance appears mixed
• Negative Sentiment: Competition and execution questions on the AI agent opportunity — analysts warn that the AI‑agent TAM is attractive but unproven; large cloud players and security vendors are building competing solutions, making monetization and sustained re‑acceleration uncertain. Okta: Bigger Deals And Renewed Growth, Thanks To Agentic AI
• Negative Sentiment: Analyst price‑target cuts — several brokers trimmed targets post‑earnings despite positive notes, signaling caution on valuation and the company’s ability to reaccelerate growth. Benzinga Coverage of Price Target Changes

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.