Okta (NASDAQ:OKTA) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Okta (NASDAQ:OKTA) to a hold rating in a report published on Monday morning,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on OKTA. Morgan Stanley dropped their target price on shares of Okta from $123.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. Berenberg Bank began coverage on Okta in a research report on Tuesday, November 18th. They set a “buy” rating and a $145.00 price target on the stock. Jefferies Financial Group dropped their price objective on Okta from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday. Citigroup reaffirmed a “neutral” rating on shares of Okta in a research report on Monday, January 12th. Finally, BTIG Research decreased their target price on Okta from $116.00 to $90.00 and set a “buy” rating on the stock in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $107.50.

Okta Trading Down 1.1%

NASDAQ OKTA opened at $71.74 on Monday. The company has a market cap of $12.71 billion, a PE ratio of 65.82, a PEG ratio of 2.81 and a beta of 0.79. Okta has a 12 month low of $68.77 and a 12 month high of $127.57. The stock has a 50 day moving average of $85.40 and a 200-day moving average of $87.51.

Okta (NASDAQ:OKTA) last issued its earnings results on Wednesday, March 4th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.05. The business had revenue of $761.00 million for the quarter, compared to the consensus estimate of $749.87 million. Okta had a net margin of 6.87% and a return on equity of 3.77%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the company earned $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 predict that Okta will post 0.42 EPS for the current fiscal year.

Okta declared that its board has authorized a stock repurchase program on Monday, January 5th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Okta

In other news, insider Larissa Schwartz sold 1,836 shares of the business’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 completion of the sale, the insider owned 36,328 shares of the company’s stock, valued at approximately $3,032,298.16. The trade was a 4.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Todd Mckinnon sold 11,286 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $90.96, for a total transaction of $1,026,574.56. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 37,245 shares of company stock worth $3,385,624 over the last ninety days. Corporate insiders own 5.68% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Promus Capital LLC bought a new stake in shares of Okta in the second quarter valued at 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 lifted its position in shares of 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 during the period. SHP Wealth Management bought a new stake in shares of Okta during the 4th quarter valued at $27,000. Finally, Torren Management LLC acquired a new stake in shares of Okta during the 4th quarter worth $32,000. 86.64% of the stock is owned by institutional investors.

Key Headlines Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Q4 beat on the headlines — Okta reported $0.90 EPS (above the $0.85 consensus) and revenue of $761M, ahead of analysts’ near-term estimates; this supports the view that profitability is improving. Okta (OKTA) Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Management highlighted demand from “agentic” AI use cases — media coverage says AI agents are helping drive adoption of Okta’s identity platform, a potential multi-quarter catalyst if security needs around AI scale. Okta’s stock rallies as momentum in AI agents fuels an earnings beat
• Positive Sentiment: Fiscal FY27 EPS outlook is strong — Okta gave FY27 EPS guidance materially above street models (company materials/press release), which supports longer‑term profitability expectations even as revenue growth moderates. Press Release / Slide Deck
• Neutral Sentiment: Mixed analyst reactions — some firms (Baird) kept buy ratings and $125 PTs while others trimmed targets or set equal‑weight coverage (Wells Fargo at $76), leaving street sentiment divergent and contributing to chop in the stock. Okta: Broad-Based Outperformance and Conservative FY27 Outlook
• Negative Sentiment: Q1 revenue guidance came in below Wall Street expectations — management guided Q1 revenue of $749M–$753M (slightly under consensus), and warned of single‑digit revenue growth for the new fiscal year, the slowest since the IPO, which raises concerns about near‑term top‑line momentum. Okta forecasts slowest revenue growth since IPO amid economic uncertainty
• Negative Sentiment: Insider selling and mixed GAAP vs. non‑GAAP metrics complicate the read — some data casts Q4 results differently depending on accounting measure, and recent insider sales (reported by data providers) add a negative perception for some investors. Okta Inc. (OKTA) Stock Falls on Q4 2026 Earnings

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.