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

Okta (NASDAQ:OKTA) had its target price dropped by research analysts at KeyCorp from $115.00 to $100.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price indicates a potential upside of 39.39% from the company’s previous close.

Several other analysts have also weighed in on OKTA. UBS Group reiterated a “buy” rating on shares of Okta in a research report on Thursday, December 4th. Susquehanna decreased their price objective on Okta from $105.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, December 3rd. Zacks Research raised Okta from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. Needham & Company LLC cut their target price on Okta from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Stephens raised Okta from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $97.00 to $120.00 in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Okta has a consensus rating of “Moderate Buy” and an average target price of $105.35.

Okta Trading Down 1.1%

Shares of NASDAQ:OKTA opened at $71.74 on Thursday. The firm has a market capitalization 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 1-year low of $68.77 and a 1-year high of $127.57. The business’s 50 day moving average is $85.40 and its 200-day moving average is $87.51.

Okta (NASDAQ:OKTA) last issued its earnings results on Wednesday, March 4th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. Okta had a return on equity of 3.77% and a net margin of 6.87%.The business had revenue of $761.00 million during the quarter, compared to analyst estimates of $749.87 million. During the same period in the prior year, the company posted $0.78 earnings per share. Okta’s revenue was up 11.6% on a year-over-year basis. 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, sell-side analysts predict that Okta will post 0.42 EPS for the current year.

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

Insider Transactions at Okta

In other news, CFO Brett Tighe sold 10,000 shares of the business’s stock in a transaction on Tuesday, January 13th. The stock was 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 owned 134,385 shares in the company, valued at $12,775,981.95. The trade was a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Eric Robert Kelleher sold 8,370 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $90.19, for a total value of $754,890.30. Following the completion of the transaction, the insider owned 11,266 shares in the company, valued at approximately $1,016,080.54. This represents a 42.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,245 shares of company stock valued at $3,385,624 over the last 90 days. 5.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

Key Okta News

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Q4 results topped consensus — EPS of $0.90 and revenue of $761M beat estimates; Okta reported improved profitability and a large total contract value that supports durable enterprise demand. Okta Announces Fourth Quarter And Fiscal Year 2026 Financial Results
• Positive Sentiment: Management is pushing an AI-agents growth narrative — Okta says agentic AI is creating new identity/security requirements (and opened visible use cases such as the PGA partnership), which supports upside over the medium term if adoption accelerates. Okta Sees AI Agents Fueling Next Growth Wave
• Neutral Sentiment: Analyst reactions remain mixed-to-positive — several brokers kept Buy/Outperform ratings (Morgan Stanley reiterated a Buy PT $101; Baird stayed constructive), while coverage and price targets vary widely, leaving consensus expectations dispersed. Okta: Attractive AI-Driven Identity Positioning Supports Buy Rating Despite Near-Term Growth Constraints
• Negative Sentiment: Q1 revenue guidance came in below Street expectations ($749M–$753M vs. ~$754.9M consensus), and company forecasts the slowest revenue growth since its IPO — that conservative near-term outlook is the main driver of investor concern. Okta forecasts slowest revenue growth since IPO amid economic uncertainty
• Negative Sentiment: Market reaction: despite the beat, shares dipped on a “muted” outlook and conservative FY27 revenue posture — investors are focused on the near-term revenue cadence rather than longer-term AI opportunities. Okta beats Q4 estimates but shares dip on muted outlook

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.