Okta (NASDAQ:OKTA) Price Target Raised to $90.00

Okta (NASDAQ:OKTA) had its price objective boosted by DA Davidson from $75.00 to $90.00 in a research note released on Wednesday, MarketBeat reports. DA Davidson currently has a neutral rating on the stock. DA Davidson also issued estimates for Okta’s Q4 2025 earnings at $0.14 EPS, FY2025 earnings at $0.41 EPS and FY2026 earnings at $0.55 EPS.

A number of other equities research analysts have also commented on OKTA. Truist Financial reiterated a “hold” rating and issued a $92.00 target price (up from $80.00) on shares of Okta in a report on Wednesday. Jefferies Financial Group lifted their price objective on shares of Okta from $85.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday. Guggenheim reissued a “buy” rating and set a $130.00 target price on shares of Okta in a research note on Wednesday. Canaccord Genuity Group decreased their price target on shares of Okta from $90.00 to $82.00 and set a “hold” rating for the company in a research note on Friday, October 18th. Finally, Piper Sandler upped their price objective on shares of Okta from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $103.77.

Okta Stock Performance

Shares of OKTA stock opened at $84.79 on Wednesday. Okta has a 12 month low of $70.56 and a 12 month high of $114.50. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $14.40 billion, a price-to-earnings ratio of -242.26, a PEG ratio of 20.94 and a beta of 1.00. The business’s 50-day moving average price is $75.77 and its 200-day moving average price is $84.16.

Insiders Place Their Bets

In related news, insider Larissa Schwartz sold 2,791 shares of Okta stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $71.50, for a total value of $199,556.50. Following the completion of the transaction, the insider now directly owns 22,125 shares in the company, valued at approximately $1,581,937.50. The trade was a 11.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jacques Frederic Kerrest sold 131,426 shares of Okta stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $80.68, for a total value of $10,603,449.68. Following the completion of the transaction, the director now owns 1,622 shares of the company’s stock, valued at approximately $130,862.96. This trade represents a 98.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 607,215 shares of company stock valued at $46,304,810 over the last ninety days. 7.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OKTA. Itau Unibanco Holding S.A. purchased a new position in shares of Okta during the third quarter worth about $25,000. Future Financial Wealth Managment LLC bought a new stake in Okta during the third quarter valued at approximately $26,000. Blue Trust Inc. lifted its position in Okta by 105.5% during the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $28,000 after purchasing an additional 191 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in Okta in the 3rd quarter worth approximately $32,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Okta by 71.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 341 shares of the company’s stock worth $36,000 after buying an additional 142 shares during the last quarter. 86.64% of the stock is owned by institutional investors.

Okta Company Profile

Okta, Inc operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials.