Okta’s stock touched $153.25 on Monday, a fresh 52-week high, before pulling back slightly to trade around $153.09. That puts the stock up 61% year-to-date and 52% over the past twelve months. The company carries a market cap of $26.34 billion.
The stock’s 52-week low was $62.66, meaning it has more than doubled off the bottom.
Okta’s most recent quarterly earnings, reported May 28, showed EPS of $0.91, beating the $0.85 consensus by $0.06. Revenue came in at $765 million, ahead of the $751.84 million analysts expected, and up 11.2% year-over-year.
The company’s current remaining performance obligations grew 12% year-over-year, also beating expectations.
For FY2027, Okta has set EPS guidance of $3.79–$3.87. Q2 2027 guidance sits at $0.95–$0.97 EPS.
Gross profit margin stands at 77%, and the company has a net margin of 8.24%. Return on equity is 4.15%.
KeyBanc lifted its price target to $175 from $130, citing market leadership and the company’s alignment with Anthropic. HC Wainwright initiated coverage on July 6 with a Buy rating.
UBS raised its target to $150, pointing to strong Q1 results and early AI product adoption. Scotiabank moved its target to $135 following investor meetings focused on AI agent security.
Cantor Fitzgerald kept its Overweight rating with a $125 target after the revenue beat. Royal Bank of Canada bumped its target from $108 to $122 with an Outperform rating.
The current consensus is Moderate Buy, with 27 analysts at Buy, 13 at Hold, and 2 at Sell. The average target price sits at $118.97 — well below where the stock is trading now.
InvestingPro flags the stock as overvalued relative to its Fair Value estimate.
CEO Todd McKinnon sold 68,936 shares on July 8 at an average price of $146.62, totalling just over $10.1 million. The transaction was executed under a pre-arranged Rule 10b5-1 plan and represented a 64.17% reduction in his direct ownership. He now holds 38,484 shares.
Insider Eric Kelleher sold 3,977 shares on June 18 at $114.10. Over the last quarter, insiders have sold 174,224 shares worth approximately $22.5 million in total.
Institutional investors own 86.64% of the stock. Diversify Wealth Management LLC opened a new position in Q1, buying 27,265 shares worth around $2.08 million. Fifth Third Bancorp increased its holdings by 1,901% during the same period.
Okta’s 50-day moving average is $112.57, and the 200-day moving average is $92.36 — the stock is trading well above both.
The post Okta Stock Hits 52-Week High as Analysts Raise Targets – Here’s Why appeared first on CoinCentral.
