Okta (NASDAQ:OKTA) Price Target Lowered to $80.00 at Deutsche Bank Aktiengesellschaft

Okta (NASDAQ:OKTA) had its target price reduced by Deutsche Bank Aktiengesellschaft from $85.00 to $80.00 in a research report report published on Thursday,MarketScreener reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

OKTA has been the topic of a number of other reports. Stephens cut their price target on shares of Okta from $120.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday. Wall Street Zen upgraded shares of Okta from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Stifel Nicolaus reduced their target price on shares of Okta from $121.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday. BMO Capital Markets dropped their price target on shares of Okta from $90.00 to $83.00 and set a “market perform” rating for the company in a research note on Thursday, February 26th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Okta in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $101.97.

Okta Stock Up 11.0%

NASDAQ:OKTA opened at $79.65 on Thursday. Okta has a 52 week low of $68.77 and a 52 week high of $127.57. The stock’s fifty day moving average is $85.22 and its two-hundred day moving average is $87.46. The stock has a market capitalization of $14.12 billion, a price-to-earnings ratio of 60.80, a price-to-earnings-growth ratio of 2.78 and a beta of 0.79.

Okta (NASDAQ:OKTA) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. The business had revenue of $761.00 million during the quarter, compared to analysts’ expectations of $749.87 million. Okta had a return on equity of 4.22% and a net margin of 8.05%.The company’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm 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. On average, sell-side analysts expect that Okta will post 0.42 EPS for the current fiscal year.

Okta announced that its Board of Directors has authorized a share buyback plan on Monday, January 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insider Activity

In related news, insider Eric Robert Kelleher sold 2,409 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $84.40, for a total transaction of $203,319.60. Following the completion of the transaction, the insider owned 11,266 shares in the company, valued at approximately $950,850.40. The trade was a 17.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Larissa Schwartz sold 1,836 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $83.47, for a total value of $153,250.92. Following the completion of the sale, the insider owned 36,328 shares in the company, valued at approximately $3,032,298.16. This represents a 4.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 35,927 shares of company stock valued at $3,272,658 in the last 90 days. Company insiders own 5.68% of the company’s stock.

Institutional Investors Weigh In On Okta

Several institutional investors have recently added to or reduced their stakes in the business. SHP Wealth Management purchased a new position in Okta in the fourth quarter valued at 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 buying an additional 1,975 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Okta by 19.1% in the 4th quarter. Invesco Ltd. now owns 548,741 shares of the company’s stock valued at $47,450,000 after buying an additional 88,112 shares in the last quarter. Rare Wolf Capital LLC purchased a new position in shares of Okta in the 4th quarter valued at $390,000. Finally, Corient Private Wealth LLC grew its position in shares of Okta by 515.8% in the 4th 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 during the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Q4 beat and operational improvement — Okta reported revenue of $761M and non‑GAAP EPS of $0.90, topping estimates, with cRPO and subscription growth improving and margins expanding; this clear upside is the main catalyst for the rally. Okta Earnings Beat, But Growth Questions Remain
• Positive Sentiment: AI agent narrative gaining traction — management emphasized “Okta for AI Agents” products; investors are rewarding the company for positioning identity as a core control point for autonomous AI, which could open a new TAM if adoption follows. Okta Sees AI Agents Fueling Next Growth Wave
• Positive Sentiment: Analyst support and bullish notes — several firms (Jefferies, DA Davidson, Morgan Stanley, UBS excerpts) highlighted upside potential and maintained or raised ratings/targets for Okta after the print, helping drive buying interest. Okta shares rally on strong earnings as Jefferies analysts see room for revenue upside
• Neutral Sentiment: Sector tailwind — cloud and cybersecurity ETFs traded higher alongside Okta, amplifying the move; this is a market‑wide boost rather than company‑specific validation. Cloud stocks jump, head for best day in nearly a year despite broad market declines
• Negative Sentiment: Soft near‑term guidance — Okta guided Q1 revenue below Street estimates ( ~$749M–$753M ), flagging the slowest revenue growth since IPO and tempering enthusiasm about re‑acceleration. Okta forecasts slowest revenue growth since IPO amid economic uncertainty
• Negative Sentiment: Analyst price‑target cuts and mixed forward view — while many firms kept buy/overweight ratings, dozens trimmed targets and flagged decelerating retention and large‑ACV additions as risks, limiting upside conviction. Okta Posts Q4 Beat; Analysts Cut Price Targets For Early AI Agent ‘Leader’

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.