Okta (NASDAQ:OKTA) Stock Rating Upgraded by BMO Capital Markets

Okta (NASDAQ:OKTA) was upgraded by BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Friday, Marketbeat reports. The brokerage presently has a $97.00 price target on the stock, up from their previous price target of $83.00. BMO Capital Markets’ price target suggests a potential upside of 20.17% from the company’s current price.

Several other research analysts have also recently issued reports on the company. Susquehanna decreased their price target on Okta from $105.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. The Goldman Sachs Group reduced their price objective on shares of Okta from $137.00 to $117.00 and set a “buy” rating for the company in a report on Wednesday, December 3rd. TD Cowen lowered their target price on shares of Okta from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Tuesday, February 24th. BTIG Research dropped their price target on shares of Okta from $116.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Finally, Needham & Company LLC decreased their price objective on shares of Okta from $110.00 to $90.00 and set a “buy” rating for the company in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Okta has an average rating of “Moderate Buy” and an average price target of $103.25.

Okta Trading Up 1.3%

Shares of NASDAQ:OKTA opened at $80.72 on Friday. The firm’s 50 day moving average is $85.06 and its two-hundred day moving average is $87.36. Okta has a 52 week low of $68.77 and a 52 week high of $127.57. The firm has a market capitalization of $14.31 billion, a P/E ratio of 61.62, a PEG ratio of 3.12 and a beta of 0.79.

Okta (NASDAQ:OKTA) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.05. The business had revenue of $761.00 million during the quarter, compared to the consensus estimate of $749.87 million. Okta had a return on equity of 4.18% and a net margin of 8.05%.The business’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 earnings per share. 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 predict that Okta will post 0.42 EPS for the current year.

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

Insider Buying and Selling

In related news, CFO Brett Tighe sold 10,000 shares of Okta stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $95.07, for a total value of $950,700.00. Following the transaction, the chief financial officer directly owned 134,385 shares in the company, valued at $12,775,981.95. The trade was a 6.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Eric Robert Kelleher sold 2,409 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $84.40, for a total value of $203,319.60. Following the sale, the insider directly owned 11,266 shares in the company, valued at $950,850.40. This trade represents a 17.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 35,927 shares of company stock valued at $3,272,658. 5.68% of the stock is owned by insiders.

Institutional Trading of Okta

A number of hedge funds have recently bought and sold shares of OKTA. Norges Bank purchased a new position in shares of Okta in the second quarter worth approximately $211,923,000. First Trust Advisors LP lifted its position in shares of Okta by 28.2% in the 4th quarter. First Trust Advisors LP now owns 6,030,090 shares of the company’s stock valued at $521,422,000 after acquiring an additional 1,326,051 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Okta by 113.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,067,128 shares of the company’s stock valued at $172,895,000 after acquiring an additional 1,099,962 shares in the last quarter. Vanguard Group Inc. boosted its stake in Okta by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 19,803,227 shares of the company’s stock worth $1,815,956,000 after purchasing an additional 1,074,977 shares during the period. Finally, Alyeska Investment Group L.P. grew its position in Okta by 276.9% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,403,499 shares of the company’s stock worth $128,701,000 after purchasing an additional 1,031,083 shares in the last quarter. 86.64% of the stock is owned by hedge funds and other institutional investors.

Okta News Roundup

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

About Okta

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.