Piper Sandler Cuts Okta (NASDAQ:OKTA) Price Target to $82.00

Okta (NASDAQ:OKTA) had its price target decreased by Piper Sandler from $100.00 to $82.00 in a report released on Thursday,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

A number of other analysts have also recently weighed in on the company. DA Davidson reaffirmed a “buy” rating and set a $110.00 price objective on shares of Okta in a research report on Thursday. The Goldman Sachs Group cut their price target on Okta from $137.00 to $117.00 and set a “buy” rating for the company in a research note on Wednesday, December 3rd. Mizuho decreased their price target on Okta from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Jefferies Financial Group decreased their price target on Okta from $125.00 to $105.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Finally, Citigroup reissued a “neutral” rating on shares of Okta in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Okta currently has an average rating of “Moderate Buy” and a consensus target price of $103.25.

Okta Stock Performance

Shares of NASDAQ:OKTA opened at $80.72 on Thursday. Okta has a one year low of $68.77 and a one year high of $127.57. The stock has a market capitalization of $14.31 billion, a price-to-earnings ratio of 61.62, a PEG ratio of 3.12 and a beta of 0.79. The company has a 50-day simple moving average of $85.06 and a 200-day simple moving average of $87.36.

Okta (NASDAQ:OKTA) last released its quarterly earnings results on Wednesday, March 4th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.05. The firm had revenue of $761.00 million for the quarter, compared to analyst estimates 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 quarter last year, the company 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, research analysts forecast that Okta will post 0.42 EPS for the current fiscal year.

Okta declared that its Board of Directors has initiated a share buyback plan on Monday, January 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Okta

In other news, insider Eric Robert Kelleher sold 2,409 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $84.40, for a total transaction of $203,319.60. Following the sale, the insider owned 11,266 shares of the company’s stock, valued at $950,850.40. The trade was a 17.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brett Tighe sold 10,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 134,385 shares in the company, valued at approximately $12,775,981.95. This represents a 6.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 35,927 shares of company stock worth $3,272,658 over the last quarter. Insiders own 5.68% of the company’s stock.

Institutional Trading of Okta

Several large investors have recently bought and sold shares of the company. Root Financial Partners LLC purchased a new stake in shares of Okta in the 3rd quarter worth about $26,000. Elevation Wealth Partners LLC grew its stake in Okta by 825.0% in 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 last quarter. Promus Capital LLC purchased a new position in Okta during the 2nd quarter valued at about $27,000. SHP Wealth Management purchased a new position in Okta during the 4th quarter valued at about $27,000. Finally, Torren Management LLC acquired a new position in Okta during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

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

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.