UBS Group Cuts Okta (NASDAQ:OKTA) Price Target to $115.00

Okta (NASDAQ:OKTA) had its target price decreased by UBS Group from $130.00 to $115.00 in a research note released on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Okta from $85.00 to $80.00 and set a “hold” rating on the stock in a research note on Thursday. Cantor Fitzgerald dropped their price target on Okta from $115.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Guggenheim reiterated a “buy” rating and issued a $138.00 price objective on shares of Okta in a report on Wednesday, December 3rd. Royal Bank Of Canada increased their price objective on Okta from $97.00 to $108.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Finally, Jefferies Financial Group dropped their target price on Okta from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $103.25.

Okta Trading Up 1.3%

OKTA stock opened at $80.72 on Thursday. The company’s 50 day moving average is $85.06 and its 200 day moving average is $87.36. The stock has a market cap of $14.31 billion, a price-to-earnings ratio of 61.62, a price-to-earnings-growth ratio of 3.12 and a beta of 0.79. Okta has a 1-year low of $68.77 and a 1-year high of $127.57.

Okta (NASDAQ:OKTA) last announced its earnings results on Wednesday, March 4th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.05. The business 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%. Okta’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the business 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. As a group, sell-side analysts forecast that Okta will post 0.42 EPS for the current fiscal year.

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

Insider Activity

In other news, CFO Brett Tighe sold 10,000 shares of the 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 sale, the chief financial officer directly owned 134,385 shares in the company, valued at approximately $12,775,981.95. This represents a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value of $153,250.92. Following the completion of the sale, the insider directly owned 36,328 shares in the company, valued at $3,032,298.16. The trade was a 4.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 35,927 shares of company stock worth $3,272,658 in the last quarter. Insiders own 5.68% of the company’s stock.

Institutional Investors Weigh In On Okta

Several institutional investors and hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC purchased a new position in shares of Okta during the third quarter valued at approximately $26,000. Elevation Wealth Partners LLC boosted its position in shares of Okta by 825.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 296 shares of the company’s stock worth $26,000 after purchasing an additional 264 shares in the last quarter. Promus Capital LLC purchased a new stake in shares of Okta in the 2nd quarter worth approximately $27,000. SHP Wealth Management bought a new position in Okta during the 4th quarter valued at approximately $27,000. Finally, Torren Management LLC bought a new position in Okta during the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Okta News Summary

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.