BTIG Rates OKTA buy, $136 Price Target

BTIG reiterated its buy rating on Okta, Inc. (NasdaqGS: OKTA) on June 25, 2026. Analyst Gray Powell set a price target of $136 for the identity management company, signaling continued confidence in its market position.

Other Institutional Activity in Okta, Inc.

BlackRock, Inc. grew its holdings by 443,999 shares, ending with 19,037,532 shares worth about $1.50 billion, a 2.4% increase. FMR LLC added 1,334,029 shares, bringing its total to 11,342,824 shares valued at approximately $892.79 million, marking a 13.3% increase. Vanguard Portfolio Management LLC opened a new position with 9,231,099 shares valued at $726.58 million. Similarly, Vanguard Capital Management LLC initiated a stake with 7,587,698 shares worth $597.23 million. State Street Corp increased its holdings by 118,369 shares, totaling 6,109,776 shares valued at $480.90 million, a 2.0% increase. Meanwhile, First Trust Advisors LP reduced its stake by 1,835,482 shares, now holding 4,194,608 shares valued at $330.16 million, a 30.4% decrease.

Okta, Inc. Stock Down 41.4%

Shares of Okta, Inc. traded near $118.58 on Thursday. The company boasts a market cap of $20.15 billion and a forward P/E ratio of 27.1, indicating expectations of future growth. Okta's stock has seen a 52-week low of $62.66 and a high of $142.35. The stock's 50-day moving average is $91.43, while the 200-day moving average stands at $87.22. With a current ratio of 1.43 and a quick ratio of 1.296, Okta maintains a solid liquidity position, though its debt-to-equity ratio is relatively high at 5.957.

Recent Earnings

For its most recent quarter, Okta reported revenue of $3.00 billion, reflecting a growth rate of 11.2%. The company achieved a net margin of 8.24% and a return on equity of 3.67%. Earnings per share came in at $1.38. Looking ahead, Okta is scheduled to release its next earnings report on August 25, 2026.

Insider Buying and Selling at Okta, Inc.

Recent insider transactions at Okta, Inc. include several planned sales. On June 22, 2026, Chief Legal Officer and Corporate Secretary Larissa Schwartz sold 2,463 shares under a planned rule 10b5-1 sale at $120 per share. Eric Robert Kelleher, President and COO, sold 3,977 shares at an average price of $114.10 on June 18, 2026, also under a planned sale. Other insider activity includes non-planned transactions by Anthony John Bates and Jacques Frederic Kerrest.

Analysts Set New Price Targets

On June 25, 2026, BTIG maintained its buy rating on Okta with a price target of $136. The day before, Needham also maintained a buy rating, setting a target of $140. UBS reiterated its buy stance on June 9, 2026, with a target of $150. Meanwhile, Mizuho downgraded its rating to hold with a $125 target on June 2, 2026. The consensus among 43 analysts remains a buy, with a mean price target of $119.70.

About Okta, Inc.

Okta, Inc., headquartered in San Francisco, California, is a leading provider of identity management solutions. Founded in 2009, the company offers a range of products designed to secure and manage user identities for organizations worldwide. With a workforce of 6,366 employees, Okta's offerings include Single Sign-On, Adaptive Multi-Factor Authentication, and API Access Management, among others, catering to both cloud and on-premises environments.

Bottom Line

Okta, Inc. continues to attract positive attention from analysts, with BTIG reiterating a buy rating and setting a $136 price target. The company's focus on identity management solutions positions it well in the growing technology sector. Investors should note that analyst ratings reflect opinions based on available data and are subject to change as new information emerges.