Wall Street Zen Upgrades Okta (NASDAQ:OKTA) to “Buy”

Okta (NASDAQ:OKTA) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other research analysts also recently commented on OKTA. DA Davidson set a $110.00 price objective on Okta in a research note on Thursday. Piper Sandler boosted their price target on shares of Okta from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Barclays lowered their price target on shares of Okta from $95.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday. Cantor Fitzgerald decreased their target price on shares of Okta from $115.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday. Finally, BTIG Research dropped their price target on shares of Okta from $142.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.57.

Okta Stock Down 3.7%

OKTA opened at $72.50 on Friday. The company’s 50-day moving average price is $86.40 and its 200 day moving average price is $87.89. Okta has a fifty-two week low of $68.77 and a fifty-two week high of $127.57. The firm has a market cap of $12.85 billion, a price-to-earnings ratio of 66.51, a price-to-earnings-growth ratio of 2.91 and a beta of 0.77.

Okta (NASDAQ:OKTA) last issued its earnings results on Tuesday, December 2nd. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The company had revenue of $742.00 million during the quarter, compared to the consensus estimate of $730.23 million. Okta had a return on equity of 3.77% and a net margin of 6.87%.Okta’s quarterly revenue was up 11.6% compared to the same quarter last year. 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. Research analysts anticipate that Okta will post 0.42 earnings per share for the current year.

Okta announced that its Board of Directors has authorized a share repurchase program on Monday, January 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity at Okta

In other Okta news, CFO Brett Tighe sold 10,000 shares of the stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $95.07, for a total transaction of $950,700.00. Following the completion of the transaction, the chief financial officer directly owned 134,385 shares of the company’s stock, valued at approximately $12,775,981.95. This trade represents a 6.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eric Robert Kelleher sold 8,370 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $90.19, for a total value of $754,890.30. Following the completion of the sale, the insider directly owned 11,266 shares in the company, valued at $1,016,080.54. This represents a 42.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 37,245 shares of company stock valued at $3,385,624. Insiders own 5.68% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in shares of Okta in the 1st quarter worth approximately $225,000. NewEdge Advisors LLC lifted its position in shares of Okta by 853.4% during the 1st quarter. NewEdge Advisors LLC now owns 5,530 shares of the company’s stock valued at $582,000 after acquiring an additional 4,950 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Okta during the 2nd quarter worth $244,000. AlphaQuest LLC grew its holdings in shares of Okta by 314.2% in the 2nd quarter. AlphaQuest LLC now owns 2,307 shares of the company’s stock worth $231,000 after acquiring an additional 1,750 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Okta by 5.0% during the second quarter. Teacher Retirement System of Texas now owns 25,160 shares of the company’s stock worth $2,515,000 after purchasing an additional 1,199 shares during the period. Institutional investors own 86.64% of the company’s stock.

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.