KeyCorp Cuts Okta (NASDAQ:OKTA) Price Target to $100.00

Okta (NASDAQ:OKTA) had its price target lowered by KeyCorp from $115.00 to $100.00 in a research note issued to investors on Thursday,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Several other equities analysts have also issued reports on the company. BTIG Research reduced their price target on Okta from $116.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. BMO Capital Markets dropped their price objective on Okta from $90.00 to $83.00 and set a “market perform” rating for the company in a research note on Thursday, February 26th. UBS Group restated a “buy” rating on shares of Okta in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Okta from $110.00 to $85.00 and set a “hold” rating for the company in a report on Wednesday, December 3rd. Finally, Susquehanna cut their price target on shares of Okta from $105.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $103.25.

Okta Stock Up 1.3%

Okta stock opened at $80.72 on Thursday. The company has a market capitalization of $14.31 billion, a PE ratio of 61.62, a P/E/G ratio of 3.12 and a beta of 0.79. The firm has a fifty day simple moving average of $85.06 and a two-hundred day simple moving average of $87.36. Okta has a twelve month low of $68.77 and a twelve month high of $127.57.

Okta (NASDAQ:OKTA) last announced its quarterly earnings data on Wednesday, March 4th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. The firm had revenue of $761.00 million for the quarter, compared to analysts’ expectations of $749.87 million. Okta had a return on equity of 4.18% and a net margin of 8.05%.The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the firm 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, equities analysts expect that Okta will post 0.42 earnings per share for the current fiscal year.

Okta announced that its board has authorized a stock repurchase plan on Monday, January 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 6.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Okta

In other news, insider Larissa Schwartz sold 1,899 shares of Okta stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $90.74, for a total transaction of $172,315.26. Following the sale, the insider owned 38,164 shares of the company’s stock, valued at approximately $3,463,001.36. The trade was a 4.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brett Tighe sold 10,000 shares of the business’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 transaction, the chief financial officer owned 134,385 shares in the company, valued at $12,775,981.95. This represents a 6.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 35,927 shares of company stock valued at $3,272,658 in the last 90 days. 5.68% of the stock is owned by company insiders.

Institutional Trading of Okta

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC grew its holdings in shares of Okta by 12.1% during the 4th quarter. Hsbc Holdings PLC now owns 381,546 shares of the company’s stock worth $33,038,000 after acquiring an additional 41,162 shares during the period. SHP Wealth Management purchased a new position in shares of Okta in the 4th quarter valued at approximately $27,000. Kera Capital Partners Inc. boosted its position in shares of Okta by 57.6% during the fourth quarter. Kera Capital Partners Inc. now owns 5,401 shares of the company’s stock valued at $456,000 after purchasing an additional 1,975 shares in the last quarter. Invesco Ltd. grew its stake in Okta by 19.1% in the fourth quarter. Invesco Ltd. now owns 548,741 shares of the company’s stock worth $47,450,000 after purchasing an additional 88,112 shares during the period. Finally, Rare Wolf Capital LLC purchased a new stake in Okta in the fourth quarter worth $390,000. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

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

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.