Okta, Inc. (NASDAQ:OKTA) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate Okta a "Moderate Buy": 42 firms cover the stock (29 buys, 10 holds, 3 sells) with a 12‑month consensus price target of about $101.95.
• Okta beat recent quarter estimates with EPS of $0.90 vs. $0.85 and revenue of $761M (up 11.6% YoY), and issued FY2027 EPS guidance of $3.740–$3.820 (Q1 guidance 0.840–0.860).
• The board authorized a $1.00 billion buyback (≈6.8% of shares) amid insider activity — the CEO recently sold shares while a director purchased 3,712 shares; insiders own 5.68% of the stock.

Shares of Okta, Inc. (NASDAQ:OKTA - Get Free Report) have been given an average rating of "Moderate Buy" by the forty-two research firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-nine have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $101.9459.

Several equities research analysts have recently issued reports on OKTA shares. Wells Fargo & Company started coverage on shares of Okta in a report on Tuesday, March 3rd. They issued an "equal weight" rating and a $76.00 target price for the company. Mizuho lowered their target price on shares of Okta from $110.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, February 17th. BTIG Research lowered shares of Okta from a "buy" rating to a "hold" rating in a report on Thursday, April 16th. Piper Sandler lowered their target price on shares of Okta from $100.00 to $82.00 and set a "neutral" rating for the company in a report on Thursday, March 5th. Finally, DA Davidson restated a "buy" rating and issued a $110.00 target price on shares of Okta in a report on Thursday, March 5th.

Insider Activity at Okta

In related news, CEO Todd Mckinnon sold 11,263 shares of Okta stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $81.01, for a total transaction of $912,415.63. Following the completion of the sale, the chief executive officer owned 97,083 shares in the company, valued at $7,864,693.83. This trade represents a 10.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David Schellhase acquired 3,712 shares of the firm's stock in a transaction that occurred on Thursday, April 16th. The shares were bought at an average price of $72.04 per share, with a total value of $267,412.48. Following the acquisition, the director directly owned 3,712 shares in the company, valued at $267,412.48. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 63,843 shares of company stock worth $5,071,889 over the last ninety days. 5.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Okta

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC bought a new stake in Okta during the 3rd quarter valued at about $26,000. Elevation Wealth Partners LLC lifted its holdings in Okta by 825.0% during the 4th quarter. Elevation Wealth Partners LLC now owns 296 shares of the company's stock valued at $26,000 after buying an additional 264 shares in the last quarter. SHP Wealth Management bought a new stake in Okta during the 4th quarter valued at about $27,000. Torren Management LLC bought a new stake in Okta during the 4th quarter valued at about $32,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in Okta during the 3rd quarter valued at about $34,000. Institutional investors own 86.64% of the company's stock.

Okta Price Performance

OKTA stock opened at $75.78 on Monday. Okta has a 52 week low of $62.66 and a 52 week high of $127.57. The company has a fifty day simple moving average of $75.64 and a two-hundred day simple moving average of $83.05. The firm has a market capitalization of $13.40 billion, a P/E ratio of 57.85, a price-to-earnings-growth ratio of 2.95 and a beta of 0.59.

Okta (NASDAQ:OKTA - Get Free Report) last released its earnings results 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. The firm had revenue of $761.00 million during the quarter, compared to analyst estimates of $749.87 million. Okta had a net margin of 8.05% and a return on equity of 4.18%. The business's revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the business earned $0.78 EPS. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. As a group, analysts anticipate that Okta will post 1.61 EPS for the current year.

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

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.

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