Summary of share price highs, lows and changes for Okta
Historical stock prices
Current Share Price	US$172.74
52 Week High	US$174.85
52 Week Low	US$62.66
Beta	0.79
1 Month Change	14.57%
3 Month Change	47.01%
1 Year Change	91.49%
3 Year Change	97.55%
5 Year Change	-31.88%
Change since IPO	634.75%

Recent News & Updates

Narrative Update • Sep 03

OKTA: Elevated AI Identity Hopes Will Likely Outpace Real Demand

Okta's fair value estimate in this framework has moved from $88.17 to $147.54 as analysts lift price targets across the board, citing stronger identity security demand, early traction in AI agent workloads, and broadly supportive cybersecurity spending checks. Analyst Commentary Recent research on Okta points to a clear shift toward more optimistic targets, with a long list of firms lifting their price objectives and turning more constructive on identity security and AI agent use cases.

Seeking Alpha • Aug 31

Okta: Buy The AI Identity Breakout, But Do Not Chase Blindly

Summary Okta, Inc. delivered a strong Q2 with 11% revenue growth, robust backlog, improved cash flow, and raised guidance, supporting my 'Buy' rating. OKTA's positioning in AI-agent security and identity governance is gaining traction, with early enterprise adoption suggesting durable demand beyond generic software trends. Free cash flow margin expanded from 22% to 28%, and the balance sheet strengthened, enhancing flexibility without heavy CapEx requirements. OKTA stock valuation is less compelling post-rally, so I maintain a Buy rather than Strong Buy as further revenue acceleration from AI-agent security is needed. Read the full article on Seeking Alpha

Recent updates

Narrative Update • Sep 03

OKTA: Elevated AI Identity Hopes Will Likely Outpace Real Demand

Seeking Alpha • Aug 31

Okta: Buy The AI Identity Breakout, But Do Not Chase Blindly

Narrative Update • Aug 18

OKTA: AI Identity Security And Permiso Deal Will Drive Future Upside

Okta's analyst fair value estimate has been raised from $165.87 to $180.00, reflecting higher modeled revenue growth, margins, and future P/E as analysts point to stronger identity security demand and growing interest in the company's AI-focused offerings. Analyst Commentary Recent Street research around Okta has turned more constructive, with a series of upgrades and higher price targets pointing to growing confidence in the company’s execution on identity security and AI oriented products.

Narrative Update • Aug 04

OKTA: AI Agent Identity Hype Will Likely Outrun Real Adoption

The analyst price target for Okta in this update moves higher toward the Street, supported by checks that point to improving identity security demand linked to AI agent pipelines, broader agentic AI governance use cases, and steady Q1 execution across large enterprise customers. Analyst Commentary Recent research on Okta points to a generally constructive tone on identity security demand tied to AI agents, while still flagging some important risks.

Narrative Update • Jul 21

OKTA: Agentic AI Identity Security Will Drive Future Upside

Okta's analyst price target is updated higher, with the fair value estimate moving from about $148 to roughly $166 as analysts factor in stronger AI driven identity demand, higher future P/E assumptions, and slightly firmer revenue growth and profitability expectations. Analyst Commentary Recent research on Okta points to a generally constructive tone, with many bullish analysts highlighting a healthier demand backdrop for identity security and AI driven use cases.

Narrative Update • Jul 07

OKTA: Agentic AI Identity Hype Will Eventually Confront Full Pricing

Okta's analyst fair value estimate has been nudged higher to $121.88 from $118.53, with analysts pointing to a broad series of price target increases tied to stronger Q1 execution and growing interest in the company's agentic AI identity and security offerings. Analyst Commentary Street research on Okta clusters around two main themes: how much credit to give the stock for its agentic AI opportunity, and how sustainable the current execution looks after a strong Q1.

Narrative Update • Jun 23

OKTA: AI Agent Identity Security And Governance Will Drive Future Upside

Analysts have lifted the Okta fair value estimate from $133.38 to $148.28, reflecting higher Street price targets clustered around $120 to $140 after strong Q1 execution, improving profit margin expectations, and early traction in agentic AI products, even though some view the stock as fully valued in the near term. Analyst Commentary Street research around Okta remains active, with most recent notes pointing to solid Q1 execution, higher price targets, and growing attention on agentic AI products, even as some firms flag valuation as tight after the stock's sharp move.

Analysis Article • Jun 20

Okta (OKTA) Stock Could Be 22% Undervalued After Google Cloud AI Expansion

Okta (OKTA) has drawn fresh attention after announcing deeper integrations with Google Cloud that extend its identity governance tools across AI agents and the Chrome Enterprise environment. This product expansion is shaping how investors view the stock. See our latest analysis for Okta. The strong 30 day share price return of 32.31% and 90 day share price return of 50.25% suggest momentum has been building around Okta. However, the 1 year total shareholder return of 18.50% contrasts with a 5...

Narrative Update • Jun 08

OKTA: AI Identity Security Strength And Full Pricing Shape Balanced Outlook

Okta's fair value estimate is updated to $118.53 from $101.00, as analysts lift price targets into a $103 to $140 range on solid Q1 execution, early traction in agentic identity products and identity security positioning. Some analysts also flag that recent share price strength leaves the valuation looking full.

Narrative Update • Jun 07

Todd McKinnon delivered, but still needs to find a better payment-solution

Update from 07.06.2026 For a long time, the market criticized Todd McKinnon because Okta, despite having an excellent technical solution, failed to become profitable. With the Q1 FY2027 results, that discussion appears to be over.

Narrative Update • May 24

OKTA: AI Agent Security And Solid Q4 Execution Will Support Repricing

Narrative Update Okta's updated analyst price target edges higher by about $1 to roughly $101, as analysts factor in steady security demand, improving buying activity and early signs that new AI agent and identity offerings could support stronger profitability and a lower assumed future P/E multiple. Analyst Commentary Recent research shows a wide range of views on Okta, with several firms adjusting price targets and ratings after the latest Q4 results, fiscal 2027 outlook and product updates around AI agents and identity governance.

Narrative Update • May 09

OKTA: AI Agent Identity And Q4 Execution Will Drive Repricing

Narrative Update The analyst price target for Okta is now slightly lower at about $100. Many analysts cite mixed signals between strong Q4 execution, growing interest in Okta's role in securing AI agents, and sector wide multiple compression as the key drivers behind their revised assumptions.

Narrative Update • Apr 21

OKTA: AI Agent Identity Leadership And Q4 Execution Will Drive Repricing

The analyst price target for Okta has been adjusted slightly lower to reflect a new fair value of about $100.28 per share, as analysts balance modestly higher discount rate assumptions with supportive research that highlights solid Q4 execution, improving go-to-market progress, and growing interest in Okta's role in securing AI agents. Analyst Commentary Recent research on Okta offers a mix of optimism and caution, with many firms adjusting price targets while reaffirming their broader views on the company.

Narrative Update • Apr 07

OKTA: AI Agent Identity Demand And 90 Day Catalyst Watch Will Drive Repricing

Narrative Update On Okta The analyst price target has been reset from about $112.55 to roughly $100.93, as analysts factor in mixed target revisions across the Street alongside expectations for steadier revenue growth, slightly higher margins, and a lower future P/E multiple following Okta's recent Q4 results and its AI identity positioning. Analyst Commentary Street research on Okta clusters around two themes: how fast growth can improve from here, and what investors should pay for that growth as market multiples reset.

Narrative Update • Mar 24

OKTA: Identity Securing AI Agents Will Drive Future Upside

Okta's analyst price target edges slightly lower to $133.38 from $133.87, as analysts weigh stronger identity and AI agent tailwinds and improving go to market execution against lower sector multiples and more tempered valuation assumptions. Analyst Commentary Bullish analysts are highlighting a mix of execution, product traction, and identity led AI themes as key supports for their positive stance on Okta, even as several firms trim targets to reflect lower sector multiples.

Narrative Update • Mar 09

OKTA: Identity For AI Agents And Strong Q4 Execution Will Drive Upside

The analyst fair value estimate for Okta has moved from $145.00 to about $133.87, reflecting a mix of slightly softer modeled revenue growth, a higher discount rate, and lower assumed future P/E multiples, even as analysts highlight solid Q4 execution, growing traction in AI agent use cases, and ongoing confidence in identity as a core part of AI adoption. Analyst Commentary Street research around Okta after the Q4 print has been broadly constructive, even with several target cuts, as many firms point to solid execution, improving sales productivity, and growing demand tied to AI agents and newer products such as Governance.

Narrative Update • Feb 23

OKTA: Cybersecurity Demand And 90 Day Catalyst Watch Will Drive Repricing

Analysts have slightly reduced their Okta fair value estimate by about $1 to $112.55, as lower sector valuation multiples and AI related sentiment have led to lower price targets, even though checks on Okta's business and profitability assumptions remain generally intact. Analyst Commentary Recent research on Okta reflects a mix of optimism about the company’s execution and caution around sector wide repricing and AI related sentiment.

Narrative Update • Feb 08

OKTA: Cybersecurity Demand And 90 Day Bookings Catalyst Will Drive Upside

Analysts have lifted their fair value estimate for Okta from $142 to $145, citing expectations for durable cybersecurity growth, a potential 90 day bookings catalyst, and scenario analysis around remaining performance obligation trends that affects revenue and P/E assumptions. Analyst Commentary Recent Street research on Okta highlights a mix of optimism and caution, with several bullish analysts pointing to potential upside tied to cybersecurity demand, bookings performance, and remaining performance obligation trends that flow through to revenue and P/E assumptions.

Narrative Update • Jan 25

OKTA: Cybersecurity Demand And 90 Day Catalyst Watch Will Support Premium Performance

Narrative Update on Okta Our analyst price target for Okta edges higher by about US$1, supported by slightly lower discount rate assumptions and steady growth and profitability expectations that align with recent research pointing to durable cybersecurity demand and potential near term bookings strength. Analyst Commentary Recent Street research on Okta reflects a mix of optimism about growth and execution along with caution around near term expectations and valuation sensitivity ahead of key earnings events.

Narrative Update • Jan 11

OKTA: Future Identity Demand And RPO Resilience Will Support Premium Performance

Our analyst price target for Okta has been adjusted slightly higher from US$112.62 to US$113.02, as analysts factor in more measured expectations around remaining performance obligation growth following Barclays' recent reduction of its target to US$95 ahead of the December 2 earnings report. Analyst Commentary Recent adjustments to Okta’s price targets reflect a more cautious stance around growth expectations, especially heading into the December 2 earnings report.

Narrative Update • Dec 25

OKTA: Future Identity Demand And Data Compliance Will Drive Premium Performance

Narrative Update on Okta The analyst price target for Okta has been reduced by $1 to approximately $112.62 as analysts factor in slightly higher discount rates and more conservative assumptions around remaining performance obligation growth ahead of upcoming earnings. Analyst Commentary Recent commentary reflects a more balanced stance on Okta, with modestly reduced expectations for near term growth but a continued focus on execution into the upcoming earnings report.

Narrative Update • Dec 11

OKTA: Future Identity Data Compliance And AI Security Will Drive Performance

Analysts have modestly reduced their price target on Okta, trimming fair value estimates by about $7 to reflect slightly slower projected revenue growth and a lower future earnings multiple, even as profit margin expectations edge higher. Analyst Commentary Bullish Takeaways Bullish analysts note that management's guidance still implies solid mid-teens top-line expansion over the medium term, which supports a premium to slower-growing security peers despite the lower price target.

Analysis Article • Dec 10

Solid Earnings Reflect Okta's (NASDAQ:OKTA) Strength As A Business

Okta, Inc.'s ( NASDAQ:OKTA ) strong earnings report was rewarded with a positive stock price move. We have done some...

Narrative Update • Nov 27

OKTA: Future Performance Will Benefit From Growing Identity Data Compliance Demand

Narrative Update on Okta Analysts have slightly reduced Okta's fair value estimate from $120.37 to $118.80, citing moderated expectations for the company's near-term growth and updated revenue forecasts. Analyst Commentary Bullish Takeaways Bullish analysts see the potential for upside in Okta’s remaining performance obligations, suggesting that third quarter growth could reach 13 percent year-over-year if demand outperforms baseline assumptions.

Narrative Update • Sep 27

Cloud Migration And AI Security Will Reshape Identity Markets

Despite strong Q2 results and improved guidance driven by robust demand and enterprise traction, mixed analyst sentiment—balancing enhanced profitability with caution around long-term growth and valuation—led to a slight reduction in Okta’s consensus price target from $120.92 to $120.37. Analyst Commentary Strong Q2 results with cRPO growth exceeding guidance and upward revisions to full-year revenue outlook, suggesting robust underlying demand and improved execution.

New Narrative • May 26

Digital Transformation And AI Will Advance Identity Security

Rising demand for secure, unified identity management fueled by AI, remote work, and growing cybersecurity threats is driving Okta's growth and competitive differentiation.

Seeking Alpha • Apr 16

Okta: Market Doesn't Believe Management, But You Should (Rating Downgrade)

Summary Okta has crushed guidance by large magnitudes over recent quarters. I am concerned that investor sentiment may be overly optimistic, expecting large beats against management guidance despite management warning otherwise. With a PEG ratio over 2 times and peers experiencing downward re-ratings, I do not see Okta delivering market-beating returns and thus downgrade it to neutral. Read the full article on Seeking Alpha

Seeking Alpha • Mar 31

Okta: Death And Resurrection

Summary Today, I'll provide a unique take on Okta, Inc.'s current business performance and prospects with the help of Palo Alto Networks. In 2017-2018, Palo Alto Networks was seen in a similar light to the way investors have come to view Okta. However, after evolving its platform and accelerating growth, investors shifted their perspective on Palo Alto Networks. I argue that Okta has taken and continues to take the necessary steps to reenter the good graces of investors and the market. And, through this process, it could experience a Palo Alto Networks-like resurrection in the years ahead. In short, I like Okta at $104/share. Read the full article on Seeking Alpha

Shareholder Returns

	OKTA	US IT	US Market
7D	5.9%	1.3%	-0.2%
1Y	91.5%	1.2%	14.8%

Return vs Industry: OKTA exceeded the US IT industry which returned 1.2% over the past year.

Return vs Market: OKTA exceeded the US Market which returned 14.8% over the past year.

Price Volatility

Is OKTA's price volatile compared to industry and market?
OKTA volatility
OKTA Average Weekly Movement	10.7%
IT Industry Average Movement	10.6%
Market Average Movement	6.9%
10% most volatile stocks in US Market	15.5%
10% least volatile stocks in US Market	2.9%

Stable Share Price: OKTA's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: OKTA's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

Founded	Employees	CEO	Website
2009	6,366	Todd McKinnon	www.okta.com

Okta, Inc. operates as an identity partner in the United States and internationally. It offers Single Sign-on to secure access to cloud and on-premises applications from any device; Adaptive MFA for a risk-based layer of security for an organization’s cloud, mobile, and web applications; API Access Management, which enables organizations to secure APIs as systems; Access Gateway, which extends the Okta platform to hybrid IT environments; Okta Device Access, which extends Okta platform’s secure access management to the device login experience; Universal Directory for a cloud-based system of record. The company also provides Identity Threat Protection; Identity Security Posture Management for security measures and safeguards digital assets; Okta for AI Agents to discover, register, authenticate, govern, and manage AI Agents; Identity Governance and Administration products, including Lifecycle Management, Okta Workflows, Okta Identity Governance, and Cross App Access; Advanced Server Access for continuous and contextual access management to secure cloud infrastructure; and Okta Privileged Access to reduce risk with unified access and governance management.

Okta, Inc. Fundamentals Summary

How do Okta's earnings and revenue compare to its market cap?
OKTA fundamental statistics
Market cap	US$29.30b
Earnings (TTM)	US$296.00m
Revenue (TTM)	US$3.07b

102.0x

P/E Ratio

9.8x

P/S Ratio

Is OKTA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
OKTA income statement (TTM)
Revenue	US$3.07b
Cost of Revenue	US$672.00m
Gross Profit	US$2.40b
Other Expenses	US$2.11b
Earnings	US$296.00m

Last Reported Earnings

Jul 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	1.69
Gross Margin	78.13%
Net Profit Margin	9.63%
Debt/Equity Ratio	0%

How did OKTA perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/09 04:17
End of Day Share Price	2026/09/09 00:00
Earnings	2026/07/31
Annual Earnings	2026/01/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Okta, Inc. is covered by 62 analysts. 42 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ellie Bagshaw	Arete Research Services LLP
Shrenik Kothari	Baird
Saket Kalia	Barclays

Okta (OKTA) Stock Overview

Rewards

Risk Analysis

Analyst Price Targets

Cloud Migration And AI Security Will Reshape Identity Markets

Digital Transformation And Regulatory Shifts Will Expand Identity Adoption

AI Identity Consolidation And Platform Competition Will Pressure Long-Term Earnings Potential

Top Community Narratives

Good foundation, but now it's all about the next steps

Top Community Narratives

Good foundation, but now it's all about the next steps

Top Analyst Narratives

Cloud Migration And AI Security Will Reshape Identity Markets

Digital Transformation And Regulatory Shifts Will Expand Identity Adoption

AI Identity Consolidation And Platform Competition Will Pressure Long-Term Earnings Potential

Okta, Inc. Competitors

Twilio

VeriSign

Akamai Technologies

DigitalOcean Holdings

Price History & Performance

Recent News & Updates

Chief Financial Officer notifies of intention to sell stock

Consensus EPS estimates increase by 21%

OKTA: Elevated AI Identity Hopes Will Likely Outpace Real Demand

Okta: Buy The AI Identity Breakout, But Do Not Chase Blindly

Second quarter 2027 earnings: EPS and revenues exceed analyst expectations

Okta Unveils Agent SSO for Centralized Enterprise AI Access Management

Recent updates

Chief Financial Officer notifies of intention to sell stock

Consensus EPS estimates increase by 21%

OKTA: Elevated AI Identity Hopes Will Likely Outpace Real Demand

Okta: Buy The AI Identity Breakout, But Do Not Chase Blindly

Second quarter 2027 earnings: EPS and revenues exceed analyst expectations

Okta Unveils Agent SSO for Centralized Enterprise AI Access Management

Price target increased by 7.4% to US$139

OKTA: AI Identity Security And Permiso Deal Will Drive Future Upside

OKTA: AI Agent Identity Hype Will Likely Outrun Real Adoption

Okta, Inc. to Report Q2, 2027 Results on Aug 26, 2026

Okta, Inc. (NasdaqGS:OKTA) agreed to acquire Permiso Security Inc.

Okta to Acquire Permiso Security in Nearly $200 Million AI Identity Protection Deal

OKTA: Agentic AI Identity Security Will Drive Future Upside

Vonage Unveils Okta-Ready Protection Suite for Enhanced Multi-Factor Authentication

OKTA: Agentic AI Identity Hype Will Eventually Confront Full Pricing

Okta, Inc.(NasdaqGS:OKTA) dropped from Russell Small Cap Comp Growth Benchmark

Independent Director notifies of intention to sell stock

OKTA: AI Agent Identity Security And Governance Will Drive Future Upside

Okta Expands Google Cloud Alliance to Secure AI Agents and Enterprise Browser Workflows

Okta (OKTA) Stock Could Be 22% Undervalued After Google Cloud AI Expansion

Chief Financial Officer recently sold US$7.6m worth of stock

Okta Delivers Strong Q1 Results With AI Identity Growth Driving Analyst Optimism

OKTA: AI Identity Security Strength And Full Pricing Shape Balanced Outlook

Todd McKinnon delivered, but still needs to find a better payment-solution

Okta Raises Guidance as AI Identity Products Spur Enterprise Growth and Analyst Optimism

Insider notifies of intention to sell stock

New minor risk - Share price stability

Price target increased by 16% to US$116

First quarter 2027 earnings: EPS and revenues exceed analyst expectations

Okta, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of the Fiscal Year 2027

OKTA: AI Agent Security And Solid Q4 Execution Will Support Repricing

Automation Anywhere Launches Enterpriseclaw in Collaboration with Cisco, Nvidia, Okta, and OpenAI to Run Next-Generation Ai Agents Inside Enterprise Systems

OKTA: AI Agent Identity And Q4 Execution Will Drive Repricing

Okta, Inc. to Report Q1, 2027 Results on May 28, 2026

OKTA: AI Agent Identity Leadership And Q4 Execution Will Drive Repricing

Price target decreased by 7.1% to US$101

Investor sentiment deteriorates as stock falls 16%

OKTA: AI Agent Identity Demand And 90 Day Catalyst Watch Will Drive Repricing

Okta, Inc., Annual General Meeting, Jun 18, 2026

OKTA: Identity Securing AI Agents Will Drive Future Upside

Okta, Inc. Announces Resignation of Director Jeff Epstein, Effective June 18, 2026

Okta Inc Announces New Blueprint For The Secure Agentic Enterprise

Okta, Inc. Announces Resignation of Director Michael Stankey, Effective March 5, 2026

Consensus EPS estimates increase by 24%

OKTA: Identity For AI Agents And Strong Q4 Execution Will Drive Upside

Full year 2026 earnings: EPS exceeds analyst expectations

Okta, Inc. Provides Earnings Guidance for the First Quarter of 2027 and Fiscal Year 2027

Investor sentiment deteriorates as stock falls 20%

OKTA: Cybersecurity Demand And 90 Day Catalyst Watch Will Drive Repricing

Insider notifies of intention to sell stock

Insider notifies of intention to sell stock