BMO Capital Markets Lowers Okta (NASDAQ:OKTA) Price Target to $83.00

Okta (NASDAQ:OKTA) had its price target cut by analysts at BMO Capital Markets from $90.00 to $83.00 in a research note issued to investors on Thursday, MarketBeat reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 14.48% from the company’s current price.

OKTA has been the subject of a number of other research reports. Mizuho lowered their target price on Okta from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. JPMorgan Chase & Co. reduced their target price on shares of Okta from $140.00 to $115.00 and set an “overweight” rating on the stock in a research report on Monday, December 1st. Canaccord Genuity Group restated a “buy” rating and issued a $120.00 target price on shares of Okta in a research note on Wednesday, December 3rd. Truist Financial dropped their price target on shares of Okta from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Okta in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $110.57.

Okta Trading Down 3.7%

Shares of OKTA opened at $72.50 on Thursday. Okta has a twelve month low of $68.77 and a twelve month high of $127.57. The firm has a market capitalization of $12.85 billion, a PE ratio of 66.51, a P/E/G ratio of 2.91 and a beta of 0.77. The stock’s 50 day moving average is $86.40 and its two-hundred day moving average is $87.89.

Okta (NASDAQ:OKTA) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.06. The firm had revenue of $742.00 million during the quarter, compared to analysts’ expectations of $730.23 million. Okta had a return on equity of 3.77% and a net margin of 6.87%.Okta’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 earnings per share. 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 EPS for the current year.

Okta announced that its board has authorized a share buyback program on Monday, January 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 6.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, insider Larissa Schwartz sold 1,836 shares of Okta stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $83.47, for a total transaction of $153,250.92. Following the sale, the insider directly owned 36,328 shares in the company, valued at $3,032,298.16. The trade was a 4.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eric Robert Kelleher sold 2,409 shares of the stock in a transaction dated 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 of the company’s stock, valued at $950,850.40. This represents a 17.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,245 shares of company stock worth $3,385,624 over the last ninety days. 5.68% of the stock is owned by company insiders.

Institutional Trading of Okta

Several institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new position in shares of Okta in the first quarter worth $225,000. NewEdge Advisors LLC grew its stake in Okta by 853.4% in the first quarter. NewEdge Advisors LLC now owns 5,530 shares of the company’s stock valued at $582,000 after purchasing an additional 4,950 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Okta in the 2nd quarter worth about $244,000. AlphaQuest LLC increased its position in Okta by 314.2% in the 2nd quarter. AlphaQuest LLC now owns 2,307 shares of the company’s stock worth $231,000 after purchasing an additional 1,750 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC raised its stake in shares of Okta by 34.0% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 6,553 shares of the company’s stock worth $655,000 after purchasing an additional 1,662 shares in the last quarter. 86.64% of the stock is currently owned by institutional investors and hedge funds.

More Okta News

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Zacks upgraded Okta to a “Strong Buy,” signaling growing optimism that its upcoming results could surprise positively and support a rally. Okta (OKTA) Upgraded to Strong Buy
• Positive Sentiment: Cantor Fitzgerald kept an Overweight rating even after trimming its price target, indicating some analysts still see meaningful upside if fundamentals stabilize. Cantor Fitzgerald price target note
• Neutral Sentiment: MarketBeat highlights Okta as one of the beaten-down SaaS names that could bounce if its next report reassures investors; the March earnings cadence is framed as the key near-term catalyst (can go either way). After a Brutal Selloff, Are These 3 SaaS Giants About to Bounce?
• Neutral Sentiment: Countdown/preview pieces (Yahoo/Zacks) urge investors to look beyond revenue and EPS for metrics such as customer retention, ARR trends, and margin drivers—items that will likely determine the stock’s direction after the report. Countdown to Okta (OKTA) Q4 Earnings
• Negative Sentiment: BMO trimmed its price target and lowered its rating to “market perform,” reflecting more cautious near-term expectations and adding downward pressure on sentiment. BMO price target cut
• Negative Sentiment: Broad sector fears that AI could compress SaaS pricing/usage (the so‑called “SaaSpocalypse”) continue to drive selling across names including Okta; if Okta’s results or guidance disappoint, the selloff could accelerate. 2 Tech Stocks That Could Go Parabolic

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.