Okta (NASDAQ:OKTA) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Okta (NASDAQ:OKTA) from a market perform rating to an outperform rating in a research note issued to investors on Friday morning, MarketBeat.com reports. BMO Capital Markets currently has $97.00 target price on the stock, up from their prior target price of $83.00.

Several other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Okta from $102.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday. Jefferies Financial Group cut their price target on shares of Okta from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Barclays decreased their price objective on Okta from $95.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, February 24th. Scotiabank lowered their target price on Okta from $85.00 to $80.00 and set a “sector perform” rating for the company in a research report on Thursday. Finally, Piper Sandler cut their target price on Okta from $100.00 to $82.00 and set a “neutral” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $103.25.

Okta Trading Up 1.3%

Shares of OKTA stock opened at $80.72 on Friday. The firm has a market capitalization of $14.31 billion, a price-to-earnings ratio of 61.62, a PEG ratio of 3.33 and a beta of 0.79. The business’s 50-day moving average price is $85.06 and its 200-day moving average price is $87.33. Okta has a 12 month low of $68.77 and a 12 month high of $127.57.

Okta (NASDAQ:OKTA) last released its quarterly earnings data on Wednesday, March 4th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.05. The company had revenue of $761.00 million during the quarter, compared to the consensus estimate of $749.87 million. Okta had a return on equity of 4.18% and a net margin of 8.05%.The firm’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 earnings per share. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. On average, sell-side analysts predict that Okta will post 0.42 earnings per share for the current fiscal year.

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

Insider Activity

In related news, CEO Todd Mckinnon sold 11,286 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $90.96, for a total value of $1,026,574.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Larissa Schwartz sold 1,899 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $90.74, for a total transaction of $172,315.26. Following the sale, the insider directly owned 38,164 shares in the company, valued at $3,463,001.36. This trade represents a 4.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 35,927 shares of company stock worth $3,272,658 over the last ninety days. Corporate insiders own 5.68% of the company’s stock.

Institutional Investors Weigh In On Okta

Several large investors have recently added to or reduced their stakes in OKTA. Steward Partners Investment Advisory LLC lifted its stake in Okta by 5.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 2,238 shares of the company’s stock valued at $224,000 after buying an additional 113 shares during the period. Spire Wealth Management grew its position in shares of Okta by 30.8% during the 4th quarter. Spire Wealth Management now owns 505 shares of the company’s stock worth $44,000 after buying an additional 119 shares during the period. Allworth Financial LP grew its position in shares of Okta by 6.4% during the 3rd quarter. Allworth Financial LP now owns 2,251 shares of the company’s stock worth $206,000 after buying an additional 135 shares during the period. Choreo LLC increased its stake in shares of Okta by 2.0% in the 3rd quarter. Choreo LLC now owns 7,239 shares of the company’s stock valued at $664,000 after acquiring an additional 140 shares in the last quarter. Finally, Utah Retirement Systems increased its stake in shares of Okta by 0.6% in the 4th quarter. Utah Retirement Systems now owns 28,605 shares of the company’s stock valued at $2,473,000 after acquiring an additional 163 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Q4 results beat and signs of enterprise traction — Okta reported stronger-than-expected Q4 revenue and EPS (revenue ~$761M, EPS $0.90) with cRPO/contract metrics up, which underpins the near-term rally. Okta Earnings Beat, But Growth Questions Remain
• Positive Sentiment: AI‑agent product traction — Management said AI‑related products (e.g., Auth0 for AI Agents / Okta for AI Agents) contributed meaningfully to Q4 bookings and the company exceeded $3B in ACV, giving a credible growth narrative tied to securing non‑human identities. Okta Ties AI Security Push To Larger Contracts And Equity Plans
• Positive Sentiment: Analyst upgrades and bullish notes — Multiple brokers reiterated or upgraded coverage after the print (BMO upgraded to Outperform with a $97 PT; JPMorgan raised its PT slightly; Jefferies/DA Davidson remain constructive), which supports near‑term upside. BMO Capital Upgrades Okta to Outperform
• Neutral Sentiment: Mixed analyst positioning — while some firms kept or raised price targets, many others trimmed targets on a mix of valuation and near‑term growth concerns; consensus views show upside but with varied conviction. Okta To Rally Around 22%? Here Are 10 Top Analyst Forecasts For Friday
• Neutral Sentiment: Equity plan / shelf filing announced — Okta filed a $763M shelf tied to an ESOP equity offering; routine for employee programs but worth noting for potential future supply. Okta Ties AI Security Push To Larger Contracts And Equity Plans
• Negative Sentiment: Cautious FY‑2027 guidance and Q1 outlook — management’s FY‑27 and Q1 guidance implied a near‑term revenue deceleration (Q1 revenue guide slightly below Street estimates), which tempers the rally and keeps longer‑term growth questions alive. Okta’s Q4 results surpass estimates, but guidance appears mixed
• Negative Sentiment: Competition and execution questions on the AI agent opportunity — analysts warn that the AI‑agent TAM is attractive but unproven; large cloud players and security vendors are building competing solutions, making monetization and sustained re‑acceleration uncertain. Okta: Bigger Deals And Renewed Growth, Thanks To Agentic AI
• Negative Sentiment: Analyst price‑target cuts — several brokers trimmed targets post‑earnings despite positive notes, signaling caution on valuation and the company’s ability to reaccelerate growth. Benzinga Coverage of Price Target Changes

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.