Morgan Stanley Boosts Okta (NASDAQ:OKTA) Price Target to $115.00

Okta (NASDAQ:OKTA) had its price target lifted by Morgan Stanley from $101.00 to $115.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective indicates a potential downside of 3.18% from the company’s current price.

OKTA has been the subject of several other reports. JPMorgan Chase & Co. upped their price objective on Okta from $103.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday. Scotiabank reaffirmed a “sector perform” rating on shares of Okta in a research note on Friday. BMO Capital Markets lifted their target price on shares of Okta from $95.00 to $120.00 and gave the company an “outperform” rating in a report on Friday. Canaccord Genuity Group lowered their target price on shares of Okta from $120.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Okta in a report on Friday. One analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $107.80.

Okta Stock Up 25.4%

OKTA traded up $24.06 on Friday, hitting $118.78. 6,887,358 shares of the company traded hands, compared to its average volume of 3,464,829. The company has a 50 day moving average of $79.01 and a 200-day moving average of $82.69. The stock has a market capitalization of $21.01 billion, a PE ratio of 90.84, a PEG ratio of 3.49 and a beta of 0.59. Okta has a 12-month low of $62.66 and a 12-month high of $119.40.

Okta (NASDAQ:OKTA) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.85 by $0.06. The firm had revenue of $765.00 million during the quarter, compared to the consensus estimate of $751.84 million. Okta had a return on equity of 4.18% and a net margin of 8.05%.The firm’s revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 EPS. Okta has set its FY 2027 guidance at 3.790-3.870 EPS and its Q2 2027 guidance at 0.950-0.970 EPS. On average, research analysts anticipate that Okta will post 1.61 EPS for the current year.

Insider Activity

In related news, Director Shellye L. Archambeau sold 2,500 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $85.00, for a total transaction of $212,500.00. Following the sale, the director owned 9,192 shares of the company’s stock, valued at approximately $781,320. The trade was a 21.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Jonathan James Addison sold 23,304 shares of the business’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $77.79, for a total transaction of $1,812,818.16. Following the sale, the executive directly owned 4,364 shares in the company, valued at approximately $339,475.56. This represents a 84.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 70,884 shares of company stock valued at $5,625,648 in the last quarter. Insiders own 4.61% of the company’s stock.

Institutional Trading of Okta

A number of institutional investors have recently added to or reduced their stakes in OKTA. Elevation Wealth Partners LLC boosted its holdings in 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 buying an additional 264 shares in the last quarter. SHP Wealth Management purchased a new stake in Okta during the fourth quarter worth about $27,000. Torren Management LLC purchased a new stake in Okta during the fourth quarter worth about $32,000. Aster Capital Management DIFC Ltd purchased a new stake in Okta during the third quarter worth about $34,000. Finally, Westside Investment Management Inc. boosted its holdings in Okta by 86.9% during the third quarter. Westside Investment Management Inc. now owns 415 shares of the company’s stock worth $38,000 after buying an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Okta News Summary

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta beat Wall Street estimates on both revenue and earnings, reporting $765 million in revenue and $0.91 in adjusted EPS, while also highlighting 11.2% year-over-year sales growth and improved operating profitability. Okta (OKTA) Q1 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management lifted full-year and next-quarter guidance, signaling confidence in continued demand and execution; investors are viewing the outlook as a key reason the stock is re-rating higher. Okta shares surge after first-quarter earnings beat, raised guidance
• Positive Sentiment: Several analysts raised price targets after the report, including RBC, Truist, Berenberg, Oppenheimer, BTIG, Needham, BMO, JPMorgan, and others, reflecting improving sentiment around Okta’s enterprise momentum and AI-related identity opportunity. Okta Price Target Raised to $140 on Improving Fundamentals, AI-Driven Growth, and Conservative Upside Potential
• Positive Sentiment: Analysts and company commentary pointed to rising demand for identity security tied to AI agents, which is becoming an important growth narrative for Okta. Okta tops first-quarter results on agentic AI demand
• Neutral Sentiment: Okta also announced an upcoming investor conference appearance, which is supportive for visibility but not a major near-term catalyst by itself. Okta to Present at Upcoming Investor Conferences

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.