Okta (NASDAQ:OKTA) Price Target Cut to $115.00 by Analysts at UBS Group

Okta (NASDAQ:OKTA) had its target price dropped by investment analysts at UBS Group from $130.00 to $115.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective points to a potential upside of 43.84% from the stock’s current price.

Several other research analysts have also weighed in on OKTA. Canaccord Genuity Group restated a “buy” rating and set a $120.00 target price on shares of Okta in a research report on Wednesday, December 3rd. Cantor Fitzgerald lowered their price target on Okta from $115.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. JPMorgan Chase & Co. dropped their price objective on Okta from $140.00 to $115.00 and set an “overweight” rating for the company in a research note on Monday, December 1st. KeyCorp decreased their target price on Okta from $115.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Truist Financial dropped their price target on Okta from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Okta has an average rating of “Moderate Buy” and a consensus price target of $103.35.

Okta Stock Up 11.4%

Shares of Okta stock traded up $8.21 during trading on Thursday, reaching $79.95. The company’s stock had a trading volume of 4,776,975 shares, compared to its average volume of 3,137,419. The business has a 50 day moving average price of $85.40 and a 200-day moving average price of $87.51. Okta has a 12-month low of $68.77 and a 12-month high of $127.57. The company has a market capitalization of $14.17 billion, a P/E ratio of 73.35, a price-to-earnings-growth ratio of 2.81 and a beta of 0.79.

Okta (NASDAQ:OKTA) last released its quarterly earnings data on Wednesday, March 4th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.05. Okta had a return on equity of 3.77% and a net margin of 6.87%.The firm had revenue of $761.00 million during the quarter, compared to analysts’ expectations of $749.87 million. During the same quarter in the prior year, the business posted $0.78 earnings per share. Okta’s revenue was up 11.6% compared to the same quarter last year. 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 EPS for the current fiscal year.

Okta announced that its board has initiated a stock repurchase program on Monday, January 5th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 6.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Okta news, insider Eric Robert Kelleher sold 8,370 shares of Okta stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $90.19, for a total value of $754,890.30. Following the completion of the sale, the insider owned 11,266 shares in the company, valued at $1,016,080.54. The trade was a 42.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Larissa Schwartz sold 1,899 shares of the stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $90.74, for a total transaction of $172,315.26. Following the transaction, the insider owned 38,164 shares in the company, valued at approximately $3,463,001.36. The trade was a 4.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 37,245 shares of company stock valued at $3,385,624. 5.68% of the stock is owned by company insiders.

Hedge Funds Weigh In On Okta

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Okta by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 19,803,227 shares of the company’s stock worth $1,815,956,000 after buying an additional 1,074,977 shares during the last quarter. First Trust Advisors LP boosted its holdings in Okta by 28.2% in the fourth quarter. First Trust Advisors LP now owns 6,030,090 shares of the company’s stock valued at $521,422,000 after acquiring an additional 1,326,051 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Okta by 4.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,635,572 shares of the company’s stock valued at $425,082,000 after acquiring an additional 179,919 shares during the period. Geode Capital Management LLC increased its stake in Okta by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 3,261,303 shares of the company’s stock worth $281,246,000 after acquiring an additional 57,605 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Okta by 2.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,495,389 shares of the company’s stock worth $215,776,000 after acquiring an additional 69,653 shares during the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Trending Headlines about Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Q4 beat on both EPS and revenue, and management flagged AI agents as a strategic growth driver — supports positive sentiment around product momentum and margin improvement. Okta’s stock rallies as momentum in AI agents fuels an earnings beat
• Positive Sentiment: Market commentary and coverage point to Okta positioning identity as core infrastructure for agentic AI (partnerships and product messaging), which investors view as a durable multi-year growth opportunity. Okta Sees AI Agents Fueling Next Growth Wave
• Positive Sentiment: Several analysts reiterated buy/overweight ratings after the print (William Blair, Morgan Stanley, Baird among others), signaling that many strategists see upside once growth re-accelerates. Okta: Leveraging Identity as Core AI Security Infrastructure to Drive Durable Growth and Justify a Buy Rating
• Neutral Sentiment: Street reaction is mixed: while many firms kept bullish ratings, a cluster of analysts trimmed price targets after the results — that narrows near-term upside but keeps a constructive long-term thesis in place. Berenberg cuts price target on Okta to $120
• Negative Sentiment: Management guided Q1 revenue below consensus and warned FY27 growth will slow — Reuters and WSJ note this is the slowest revenue growth since the IPO, which is the primary reason for investor caution. Okta forecasts slowest revenue growth since IPO amid economic uncertainty
• Negative Sentiment: Multiple brokers lowered price targets this morning (Berenberg, Truist, Deutsche Bank, Stephens, KeyCorp, Needham, Morgan Stanley, Stifel) — these cuts compress upside in the near term and reflect scrutiny of the weaker revenue guide. Deutsche Bank adjusts Okta price target
• Negative Sentiment: Critical takes argue Okta is losing its competitive edge in parts of cybersecurity, which could weigh on sentiment if execution slips. Investors should watch customer retention, new contract velocity and large deal visibility. Okta Lost The Cybersecurity Plot (Q4 Review)

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.