Okta’s (OKTA) “Buy” Rating Reiterated at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Okta (NASDAQ:OKTA) in a report issued on Thursday morning,Benzinga reports. The firm currently has a $110.00 price objective on the stock.

A number of other research analysts have also recently weighed in on OKTA. Sanford C. Bernstein restated an “outperform” rating on shares of Okta in a research note on Monday, December 1st. Wall Street Zen upgraded Okta from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Mizuho decreased their price target on Okta from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. Canaccord Genuity Group restated a “buy” rating and issued a $120.00 price objective on shares of Okta in a research report on Wednesday, December 3rd. Finally, Royal Bank Of Canada upped their price objective on Okta from $97.00 to $108.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. 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 assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.25.

Okta Stock Up 1.3%

OKTA stock opened at $80.72 on Thursday. Okta has a twelve month low of $68.77 and a twelve month high of $127.57. The stock has a market cap of $14.31 billion, a P/E ratio of 61.62, a PEG ratio of 3.12 and a beta of 0.79. The business’s 50-day moving average price is $85.06 and its 200-day moving average price is $87.36.

Okta (NASDAQ:OKTA) last released its earnings results 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 company had revenue of $761.00 million during the quarter, compared to analyst estimates of $749.87 million. Okta had a net margin of 8.05% and a return on equity of 4.18%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 EPS. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. On average, equities research analysts expect that Okta will post 0.42 earnings per share for the current fiscal year.

Okta announced that its Board of Directors has approved a stock repurchase program on Monday, January 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 6.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Okta

In related news, CEO Todd Mckinnon sold 11,286 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $90.96, for a total value of $1,026,574.56. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Eric Robert Kelleher sold 8,370 shares of the stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $90.19, for a total value of $754,890.30. Following the transaction, the insider directly owned 11,266 shares of the company’s stock, valued at approximately $1,016,080.54. The trade was a 42.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 35,927 shares of company stock worth $3,272,658 over the last 90 days. Company insiders own 5.68% of the company’s stock.

Institutional Trading of Okta

A number of large investors have recently added to or reduced their stakes in OKTA. Promus Capital LLC bought a new position in shares of Okta during the 2nd quarter valued at approximately $27,000. Root Financial Partners LLC bought a new stake in Okta in the third quarter worth $26,000. Elevation Wealth Partners LLC increased its position in Okta by 825.0% in the fourth quarter. Elevation Wealth Partners LLC now owns 296 shares of the company’s stock worth $26,000 after purchasing an additional 264 shares during the last quarter. SHP Wealth Management purchased a new stake in Okta during the fourth quarter valued at $27,000. Finally, Torren Management LLC purchased a new stake in Okta during the fourth quarter valued at $32,000. 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: 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.