Okta (NASDAQ:OKTA) Given Buy Rating at BTIG Research

Okta (NASDAQ:OKTA)‘s stock had its “buy” rating reaffirmed by stock analysts at BTIG Research in a report issued on Thursday, Benzinga reports. They presently have a $219.00 price target on the stock. BTIG Research’s target price indicates a potential upside of 9.56% from the company’s current price.

OKTA has been the topic of several other research reports. Cantor Fitzgerald boosted their price target on shares of Okta from $170.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 27th. TD Cowen raised their price objective on shares of Okta from $175.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday. New Street Research set a $200.00 price objective on shares of Okta in a research note on Thursday, August 27th. Wall Street Zen raised shares of Okta from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Finally, Royal Bank Of Canada increased their target price on Okta from $195.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Okta currently has a consensus rating of “Moderate Buy” and an average target price of $198.41.

Okta Stock Down 3.3%

OKTA stock traded down $6.75 during midday trading on Thursday, hitting $199.89. The company’s stock had a trading volume of 1,494,509 shares, compared to its average volume of 3,614,351. The stock has a market cap of $34.94 billion, a price-to-earnings ratio of 120.62, a PEG ratio of 6.12 and a beta of 0.79. The stock’s 50-day moving average price is $157.70 and its 200 day moving average price is $119.26. Okta has a 1 year low of $62.66 and a 1 year high of $212.50.

Okta (NASDAQ:OKTA) last released its earnings results on Wednesday, August 26th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.09. Okta had a net margin of 9.63% and a return on equity of 4.50%. The firm had revenue of $805.00 million during the quarter, compared to the consensus estimate of $793.00 million. During the same period in the prior year, the firm earned $0.91 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. As a group, equities analysts forecast that Okta will post 1.92 earnings per share for the current fiscal year.

Insider Transactions at Okta

In related news, CEO Todd McKinnon sold 68,936 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $146.62, for a total value of $10,107,396.32. Following the transaction, the chief executive officer owned 38,484 shares of the company’s stock, valued at $5,642,524.08. This represents a 64.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric Kelleher sold 6,395 shares of the firm’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $183.58, for a total value of $1,173,994.10. Following the sale, the insider owned 18,668 shares in the company, valued at $3,427,071.44. The trade was a 25.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 206,702 shares of company stock valued at $34,034,508 in the last quarter. Insiders own 4.61% of the company’s stock.

Hedge Funds Weigh In On Okta

A number of hedge funds and other institutional investors have recently modified their holdings of OKTA. QRG Capital Management Inc. purchased a new position in shares of Okta during the 2nd quarter valued at about $1,025,000. Andra AP fonden purchased a new stake in Okta in the second quarter worth approximately $961,000. Junto Capital Management LP purchased a new stake in Okta in the second quarter worth approximately $45,486,000. National Pension Service grew its position in Okta by 23.2% during the second quarter. National Pension Service now owns 43,893 shares of the company’s stock valued at $5,989,000 after acquiring an additional 8,257 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in Okta by 521.5% during the second quarter. NewEdge Advisors LLC now owns 2,828 shares of the company’s stock valued at $386,000 after acquiring an additional 2,373 shares during the last quarter. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: AI-agent security is the main catalyst. At its Oktane 2026 conference, Okta unveiled capabilities including Agent SSO, runtime enforcement, an AI-agent gateway, lifecycle management and an “AI kill switch.” The products position Okta as a potential identity and security control plane for enterprise AI agents and could expand its addressable market. Okta AI-agent security alliance article
• Positive Sentiment: Analysts raised targets and maintained bullish ratings. BMO Capital Markets lifted its target to $230 and assigned an Outperform rating. RBC and Wells Fargo also set $230 targets, while DA Davidson raised its target to $235 and Guggenheim to $227. Bank of America increased its target to $220, citing stronger AI-agent positioning. BofA raises Okta price target
• Neutral Sentiment: Investors still need evidence of sustained growth. Jefferies expects more pronounced growth by 2027, but cited customer confusion as an adoption hurdle. Mizuho remained Neutral until Okta demonstrates that growth has genuinely reaccelerated.
• Negative Sentiment: Valuation and insider selling are risks. After its substantial rally, Okta trades at a high earnings multiple, leaving the shares vulnerable if AI products take longer to monetize. CEO Todd McKinnon also sold 48,822 shares for approximately $9.45 million, reducing his direct holdings by about 53%. The sale occurred under a pre-arranged Rule 10b5-1 plan, which reduces its significance but may still weigh on sentiment. Okta CEO insider sale

Okta Company Profile

Okta, Inc provides cloud-based identity and access management solutions for organizations. Its platform helps businesses securely connect employees, customers, partners and applications while managing authentication, authorization and user access across cloud, on-premises and mobile environments.

The company’s offerings include single sign-on, multifactor authentication, adaptive access controls, lifecycle management, identity governance and privileged access capabilities. Through its Customer Identity Cloud, powered by Auth0, Okta also provides tools for developers and businesses to embed authentication and authorization features into applications and digital services.

Founded in 2009 by Todd McKinnon and Frederic Kerrest, Okta completed its initial public offering in 2017.