Okta (NASDAQ:OKTA) Given New $92.00 Price Target at Stifel Nicolaus

Okta (NASDAQ:OKTA) had its price objective decreased by equities researchers at Stifel Nicolaus from $121.00 to $92.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 28.24% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Truist Financial decreased their target price on Okta from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Scotiabank cut their price objective on shares of Okta from $105.00 to $85.00 and set a “sector perform” rating for the company in a research report on Wednesday, December 3rd. UBS Group restated a “buy” rating on shares of Okta in a report on Thursday, December 4th. Citigroup restated a “neutral” rating on shares of Okta in a research report on Monday, January 12th. Finally, Royal Bank Of Canada raised their price objective on Okta from $97.00 to $108.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Okta presently has a consensus rating of “Moderate Buy” and an average target price of $105.35.

Okta Stock Performance

OKTA stock opened at $71.74 on Thursday. Okta has a one year low of $68.77 and a one year high of $127.57. The firm has a market cap of $12.71 billion, a PE ratio of 65.82, a P/E/G ratio of 2.81 and a beta of 0.79. The firm’s fifty day moving average is $85.40 and its 200 day moving average is $87.51.

Okta (NASDAQ:OKTA) last issued 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 company had revenue of $761.00 million for the quarter, compared to the consensus estimate of $749.87 million. Okta had a return on equity of 3.77% and a net margin of 6.87%.Okta’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior 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. Research analysts predict that Okta will post 0.42 earnings per share for the current fiscal year.

Okta declared that its board has approved a stock buyback program on Monday, January 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 6.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other Okta news, insider Larissa Schwartz sold 1,836 shares of the 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 sale, the insider owned 36,328 shares of the company’s stock, valued at $3,032,298.16. This trade represents a 4.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brett Tighe sold 10,000 shares of Okta stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $95.07, for a total value of $950,700.00. Following the completion of the transaction, the chief financial officer owned 134,385 shares of the company’s stock, valued at $12,775,981.95. The trade was a 6.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,245 shares of company stock valued at $3,385,624 in the last three months. 5.68% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OKTA. SHP Wealth Management acquired a new position in Okta during the 4th quarter worth approximately $27,000. Kera Capital Partners Inc. lifted its position in shares of Okta by 57.6% during the 4th quarter. Kera Capital Partners Inc. now owns 5,401 shares of the company’s stock worth $456,000 after purchasing an additional 1,975 shares during the last quarter. Invesco Ltd. grew its stake in shares of Okta by 19.1% during 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 in the last quarter. Rare Wolf Capital LLC purchased a new position in Okta in the fourth quarter valued at $390,000. Finally, Corient Private Wealth LLC raised its stake in Okta by 515.8% in the fourth quarter. Corient Private Wealth LLC now owns 68,854 shares of the company’s stock valued at $5,954,000 after buying an additional 57,672 shares in the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

More 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.