BMO Capital Markets Issues Pessimistic Forecast for Okta (NASDAQ:OKTA) Stock Price

Okta (NASDAQ:OKTA) had its target price cut by BMO Capital Markets from $112.00 to $90.00 in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 4.77% from the company’s current price.

Several other equities research analysts have also commented on OKTA. Needham & Company LLC lowered their price objective on Okta from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday. Cantor Fitzgerald decreased their target price on shares of Okta from $130.00 to $115.00 and set an “overweight” rating for the company in a research note on Monday, November 24th. Zacks Research downgraded shares of Okta from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. Guggenheim reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Okta in a report on Friday, November 14th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Okta in a research report on Wednesday, October 8th. Twenty-three investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.08.

Okta Stock Performance

NASDAQ OKTA opened at $85.90 on Wednesday. The stock has a 50-day simple moving average of $86.88 and a two-hundred day simple moving average of $93.96. The firm has a market capitalization of $15.04 billion, a P/E ratio of 78.81, a PEG ratio of 4.24 and a beta of 0.77. Okta has a fifty-two week low of $75.05 and a fifty-two week high of $127.57.

Okta (NASDAQ:OKTA) last issued its 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. The firm had revenue of $742.00 million for 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%.The company’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. As a group, analysts forecast that Okta will post 0.42 earnings per share for the current year.

Insider Transactions at Okta

In related news, insider Larissa Schwartz sold 3,348 shares of Okta stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $90.17, for a total value of $301,889.16. Following the sale, the insider directly owned 39,155 shares in the company, valued at approximately $3,530,606.35. The trade was a 7.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Todd Mckinnon sold 31,968 shares of the firm’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. Insiders sold a total of 64,975 shares of company stock worth $6,011,126 in the last three months. 5.68% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Okta

Institutional investors and hedge funds have recently bought and sold shares of the business. Allworth Financial LP grew its stake in Okta by 6.4% during the 3rd quarter. Allworth Financial LP now owns 2,251 shares of the company’s stock valued at $206,000 after acquiring an additional 135 shares in the last quarter. Swiss Life Asset Management Ltd boosted its holdings in shares of 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. boosted its holdings in shares of Okta by 197.5% during the 3rd quarter. Cantor Fitzgerald L. P. now owns 17,417 shares of the company’s stock worth $1,597,000 after purchasing an additional 11,562 shares during the last quarter. Cambria Investment Management L.P. grew its position 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 purchasing an additional 228 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased 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 purchasing an additional 575 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors and hedge funds.

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.