Okta (OKTA) – Research Analysts’ Weekly Ratings Changes

Okta (NASDAQ: OKTA) recently received a number of ratings updates from brokerages and research firms:

• 2/20/2025 – Okta had its price target raised by analysts at Barclays PLC from $96.00 to $105.00. They now have an “equal weight” rating on the stock.
• 2/20/2025 – Okta had its price target raised by analysts at UBS Group AG from $108.00 to $120.00. They now have a “buy” rating on the stock.
• 2/12/2025 – Okta had its price target raised by analysts at Mizuho from $100.00 to $110.00. They now have a “neutral” rating on the stock.
• 2/11/2025 – Okta had its price target raised by analysts at KeyCorp from $115.00 to $125.00. They now have an “overweight” rating on the stock.
• 2/4/2025 – Okta had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $115.00 price target on the stock.
• 1/21/2025 – Okta had its price target lowered by analysts at Scotiabank from $96.00 to $94.00. They now have a “sector perform” rating on the stock.
• 1/17/2025 – Okta had its price target raised by analysts at Citigroup Inc. from $95.00 to $100.00. They now have a “neutral” rating on the stock.

Okta Stock Down 2.6 %

Shares of NASDAQ:OKTA opened at $92.75 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.06. Okta, Inc. has a 52-week low of $70.56 and a 52-week high of $114.50. The stock’s fifty day simple moving average is $88.64 and its 200-day simple moving average is $82.51. The company has a market capitalization of $15.89 billion, a P/E ratio of -265.00, a P/E/G ratio of 6.42 and a beta of 1.03.

Insider Activity

In related news, CFO Brett Tighe sold 5,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $89.00, for a total transaction of $445,000.00. Following the transaction, the chief financial officer now directly owns 112,533 shares in the company, valued at approximately $10,015,437. This represents a 4.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Larissa Schwartz sold 2,704 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $80.50, for a total value of $217,672.00. Following the transaction, the insider now owns 24,462 shares in the company, valued at $1,969,191. This trade represents a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 980,908 shares of company stock worth $85,025,665 over the last three months. 7.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Okta

Large investors have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. purchased a new position in Okta during the third quarter worth about $25,000. Bank of Jackson Hole Trust acquired a new stake in Okta during the fourth quarter worth about $25,000. Blue Trust Inc. increased its stake in Okta by 105.5% during the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $28,000 after acquiring an additional 191 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in Okta during the third quarter worth about $32,000. Finally, TD Private Client Wealth LLC increased its stake in Okta by 3,507.7% during the fourth quarter. TD Private Client Wealth LLC now owns 469 shares of the company’s stock worth $37,000 after acquiring an additional 456 shares during the last quarter. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

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.