Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Okta (NASDAQ:OKTA) Stock Price

Okta (NASDAQ:OKTA) had its price objective reduced by stock analysts at Deutsche Bank Aktiengesellschaft from $110.00 to $85.00 in a note issued to investors on Wednesday,MarketScreener reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential downside of 1.05% from the company’s previous close.

OKTA has been the subject of a number of other research reports. Jefferies Financial Group set a $90.00 price target on shares of Okta and gave the stock a “hold” rating in a research note on Tuesday, November 25th. Stifel Nicolaus reduced their price objective on shares of Okta from $130.00 to $121.00 and set a “buy” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of Okta from $140.00 to $115.00 and set an “overweight” rating for the company in a research note on Monday. Barclays cut their price target on Okta from $112.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 18th. Finally, The Goldman Sachs Group decreased their price target on Okta from $137.00 to $117.00 and set a “buy” rating for the company in a report on Wednesday. Twenty-three research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Okta presently has an average rating of “Moderate Buy” and an average price target of $112.08.

Okta Stock Performance

Shares of OKTA opened at $85.90 on Wednesday. The stock has a market capitalization of $15.04 billion, a PE ratio of 78.81, a P/E/G ratio of 4.24 and a beta of 0.77. Okta has a 1 year low of $75.05 and a 1 year high of $127.57. The company’s 50-day simple moving average is $86.88 and its 200-day simple moving average is $93.96.

Okta (NASDAQ:OKTA) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.76 by $0.06. Okta had a net margin of 6.87% and a return on equity of 3.77%. The business had revenue of $742.00 million during the quarter, compared to the consensus estimate of $730.23 million. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS. On average, sell-side analysts predict that Okta will post 0.42 earnings per share for the current year.

Insider Buying and Selling at Okta

In other Okta news, insider Eric Robert Kelleher sold 2,410 shares of Okta stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $91.73, for a total transaction of $221,069.30. Following the transaction, the insider owned 9,174 shares of the company’s stock, valued at $841,531.02. The trade was a 20.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Todd Mckinnon sold 31,968 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $92.33, for a total value of $2,951,605.44. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 64,975 shares of company stock valued at $6,011,126. 5.68% of the stock is owned by insiders.

Hedge Funds Weigh In On Okta

Institutional investors have recently modified their holdings of the business. Allworth Financial LP raised its position in Okta by 6.4% in the 3rd quarter. Allworth Financial LP now owns 2,251 shares of the company’s stock valued at $206,000 after purchasing an additional 135 shares during the last quarter. Swiss Life Asset Management Ltd grew its position in Okta by 15.6% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 18,131 shares of the company’s stock worth $1,663,000 after purchasing an additional 2,443 shares during the last quarter. Cantor Fitzgerald L. P. increased its stake in Okta by 197.5% in the third quarter. Cantor Fitzgerald L. P. now owns 17,417 shares of the company’s stock valued at $1,597,000 after purchasing an additional 11,562 shares during the period. Cambria Investment Management L.P. raised its holdings in shares of Okta by 1.5% in the third quarter. Cambria Investment Management L.P. now owns 15,627 shares of the company’s stock valued at $1,433,000 after buying an additional 228 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Okta by 378.3% in the third quarter. CIBC Private Wealth Group LLC now owns 727 shares of the company’s stock valued at $67,000 after buying an additional 575 shares during the last quarter. 86.64% of the stock is owned by institutional investors and hedge funds.

About Okta

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.