Morgan Stanley Has Lowered Expectations for Okta (NASDAQ:OKTA) Stock Price

Okta (NASDAQ:OKTA) had its target price decreased by investment analysts at Morgan Stanley from $123.00 to $110.00 in a research report issued on Wednesday, Marketbeat reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 28.06% from the company’s previous close.

OKTA has been the topic of a number of other research reports. Stifel Nicolaus decreased 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Okta in a report on Wednesday, October 8th. Sanford C. Bernstein reissued an “outperform” rating on shares of Okta in a research note on Monday. The Goldman Sachs Group cut their price target on Okta from $137.00 to $117.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Citigroup lowered their price objective on Okta from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday. Twenty-three research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Okta has an average rating of “Moderate Buy” and an average price target of $112.08.

Okta Trading Down 0.5%

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

Okta (NASDAQ:OKTA) last released its quarterly earnings results on Tuesday, December 2nd. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. Okta had a return on equity of 3.77% and a net margin of 6.87%.The business had revenue of $742.00 million for the quarter, compared to analyst estimates of $730.23 million. During the same period in the prior year, the company earned $0.67 EPS. Okta’s revenue for the quarter was up 11.6% on a year-over-year basis. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS. As a group, equities research analysts predict that Okta will post 0.42 EPS for the current year.

Insider Activity at Okta

In other news, insider Larissa Schwartz sold 3,348 shares of Okta stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $90.17, for a total transaction of $301,889.16. Following the transaction, the insider directly owned 39,155 shares of the company’s stock, valued at $3,530,606.35. This trade represents a 7.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Jonathan James Addison sold 6,091 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $92.61, for a total value of $564,087.51. Following the completion of the transaction, the executive directly owned 7,067 shares of the company’s stock, valued at approximately $654,474.87. The trade was a 46.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 64,975 shares of company stock worth $6,011,126. 5.68% of the stock is owned by company insiders.

Institutional Trading of Okta

A number of large investors have recently bought and sold shares of OKTA. Pinnacle Bancorp Inc. acquired a new stake in Okta during the 2nd quarter worth approximately $26,000. Root Financial Partners LLC acquired a new stake in shares of Okta during the third quarter worth $26,000. Harbour Investments Inc. raised its holdings in shares of Okta by 152.4% during the first quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock worth $27,000 after acquiring an additional 157 shares during the period. Promus Capital LLC bought a new stake in Okta in the 2nd quarter valued at $27,000. Finally, Kiker Wealth Management LLC boosted its stake in Okta by 1,159.3% in the 2nd quarter. Kiker Wealth Management LLC now owns 340 shares of the company’s stock worth $34,000 after purchasing an additional 313 shares during the period. 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.