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Insider Trading

Okta Insider Sold Shares Worth $12,877,469, According to a Recent SEC Filing

Brett Tighe, Chief Financial Officer, on September 02, 2026, sold 80,000 shares in Okta (OKTA) for $12,877,469. Following the Form 4 filing with the SEC, Tighe has control over a total of 89,739 Class A common shares of the company, with 82,046 shares held directly and 7,693 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1660134/000186508426000008/xslF345X05/wk-form4_1788559461.xml

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Wire

Top Midday Gainers

Ooma (OOMA) reported a stronger-than-expected growth in fiscal Q2 adjusted earnings and revenue late Wednesday and lifted its guidance for fiscal 2027.Shares advanced 17%, with intraday trading volume rising to more than 598,000 from a daily average of about 366,000.Hyperliquid Strategies (PURR) shares soared 19% after the company reported fiscal 2026 results.Intraday trading volume jumped to over 28.6 million from a daily average of about 15.2 million.Okta (OKTA) surged 28% after the company reported overnight higher Q2 adjusted earnings and revenue.More than 12.4 million shares traded intraday, compared with a daily average of about 3.6 million.Price: $173.18, Change: $+38.76, Percent Change: +28.83%

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Wire

Okta Faces Emerging AI Opportunity, Oppenheimer Says

Okta (OKTA) faces an emerging artificial intelligence opportunity, with the "Okta for AI Agents" service expected to be a key driver, Oppenheimer analysts said in a Thursday note.Analysts said that while Okta's AI-product revenue is still immaterial, it's contributing to new product momentum.Oppenheimer said the company's "strong" results in fiscal Q2 beat investor expectations, benefiting from broad-based demand.Analysts said that the company highlighted growing momentum in artificial intelligence, noting dozens of AI deals in fiscal Q2 and signs of AI driving consolidation opportunities.Oppenheimer retained an outperform rating on the stock and increased its price target to $190 from $170.Shares of the company were up 26% in Thursday trading.Price: $170.48, Change: $+36.06, Percent Change: +26.83%

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Wire

Okta's Early Traction in Agentic AI 'Encouraging,' RBC Says

Okta's (OKTA) opportunity in agentic artificial intelligence has the potential for upside in H2 of fiscal 2027 as early traction continues to be "encouraging," RBC Capital Markets said in a Thursday note.The company posted a "strong" quarter, with fiscal 2027 guidance increased across the board, sub revenue and current Remaining Performance Obligations beating consensus, and profitability "nicely ahead," the analysts said. They noted that the results, which beat consensus estimates by a large margin, was delivered with a significant AI tailwind.Okta's positioning in its ability to secure AI agents could become a significant driver for the company, with the closing of several AI-related deals in the quarter with contract values above the corporate average, the analysts said. The company's advantages in agentic security include its broad distribution across over 20,000 customers, its neutrality that allows it to work across different AI platforms, and its product Okta for AI Agents, according to the note.Strong business momentum, sales productivity gains, and ongoing product innovation point to a positive fiscal H2, the analysts said.RBC maintained the company's stock rating at outperform and raised the price target to $195 from $166.Price: $170.72, Change: $+36.30, Percent Change: +27.00%

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Research

BofA Securities Upgrades Okta to Neutral From Underperform, $170 Price Target

Okta (OKTA) has an average rating of overweight and mean price target of $169.08, according to analysts polled by FactSet.

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Wire

Okta Q2 Adjusted Earnings, Revenue Rise; Q3 Guidance Set

Okta (OKTA) reported Wednesday Q2 adjusted earnings of $1.05 per diluted share, up from $0.91 a year earlier.Analysts polled by FactSet expected $0.97.Revenue for the quarter ended July 31 was $805 million, up from $728 million a year ago.Analysts expected $793 million.The company said it expects fiscal Q3 non-GAAP EPS of $0.92 to $0.94 on revenue of $813 million to $817 million. Analysts expect $0.94 and $808.1 million, respectively.For fiscal 2027, the company now expects non-GAAP EPS of $3.90 to $3.94, compared with previous guidance of $3.79 to $3.87. Analysts expect $3.85.The company now expects full year revenue of $3.22 billion to $3.23 billion, up from $3.19 billion and $3.21 billion. Analysts expect $3.20 billion.

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Wire

Market Chatter: Palo Alto Networks CEO Pursued Acquisitions of Datadog, Okta in Last 18 Months

Palo Alto Networks (PANW) chief executive officer Nikesh Arora explored acquiring Datadog (DDOG) and Okta (OKTA) over the past 18 months, as he has looked to expand the cybersecurity company's products to handle new AI threats, The Information reported Wednesday, citing two people with knowledge of the situation.After those potential deals fell through, Palo Alto bought Okta competitor CyberArk for $25 billion in February and Datadog competitor Chronosphere for $3.35 billion in January, the report said.Palo Alto Networks didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $338.53, Change: $-1.37, Percent Change: -0.40%

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Wire

Palo Alto Networks CEO Explored Acquisitions of Datadog, Okta in Last 18 Months, The Information Reports

Palo Alto Networks CEO Explored Acquisitions of Datadog, Okta in Last 18 Months, The Information Reports

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Wire

Palo Alto Networks, Okta, SailPoint Seen Benefiting as Agentic Identity Security Shifts to Platforms, Morgan Stanley Says

Palo Alto Networks (PANW), Okta (OKTA), and SailPoint (SAIL) are well positioned to benefit from an anticipated move by enterprises toward new identity-security architectures and platforms as security risks emerge from the growth of autonomous AI agents, Morgan Stanley said in a Thursday note.The agentic identity market represents an opportunity of more than $60 billion in the coming years, Morgan Stanley analysts said. Identity-security offerings will need to expand their capabilities to make access and governance decisions in real time and at a much larger scale to handle AI agents.This architectural shift will move identity security toward platforms, as fragmented tools may not keep pace with modern attacks, according to the note.Despite Palo Alto and SailPoint having an advantage in performing real-time behavioral analysis through Palo Alto's privileged-access-management capabilities and SailPoint's identity-governance-and-administration offerings, Okta is seen as first to market with a more comprehensive platform, the analysts said.However, Palo Alto's CyberArk business gives it the strongest positioning in terms of data and client reach, the analysts said.SailPoint is also viewed favorably due to the importance of identity governance in agentic identity security, but its share-ownership overhang poses an obstacle to bringing its stock valuation closer to peer valuations, according to the note.Morgan Stanley maintained overweight ratings on the three companies and raised Okta's price target to $180 from $115 and SailPoint's to $22 from $18.Price: $358.45, Change: $-1.31, Percent Change: -0.36%

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Software Companies' Second-Quarter Beat Rate Accelerates Sequentially, RBC Says
US Markets

Software Companies' Second-Quarter Beat Rate Accelerates Sequentially, RBC Says

Software companies' revenue and earnings beat rates accelerated sequentially in the second quarter, driven by strength in infrastructure, security, and observability, RBC Capital Markets said in a note emailed Wednesday.Among the 54 on-quarter software companies that have reported results in the most recent cycle, the average company topped Wall Street's revenue estimates by 2.6%, up from a 2.4% beat in the first quarter, according to the brokerage. The profitability measure surpassed consensus expectations by 21.2%, compared with the first quarter's 15.7%."The biggest (second-quarter) revenue beats came from infrastructure, security, and observability while the smallest beats came from back Office, (software-as-a-service), and vertical," Matthew Hedberg, RBC's head of global technology, Internet, media, and telecommunications research, said in the note.The annual recurring revenue-to-billings ratio exceeded estimates by 3.4%, reaching the highest level in four years.Palantir Technologies (PLTR), Twilio (TWLO), Cloudflare (NET), and Xometry (XMTR) registered positive stock moves the day after results as they posted accelerated revenue beats, Hedberg said. Other companies that helped buoy sentiment were those with positive commentary on artificial intelligence tailwinds or adoption.Datadog (DDOG) and Varonis Systems (VRNS) logged share price declines post earnings as they "did not clear high bars," while HubSpot's (HUBS) stock traded lower amid reduced guidance, according to the RBC note. Meanwhile, EverCommerce (EVCM), IBM (IBM), N-able (NABL), and Pegasystems (PEGA) seem to be navigating a tough spending environment."While software stock movement has bifurcated through 2026 over perceived AI leaders/laggards, (second-quarter) showed a clear sign of bifurcating fundamentals with numerous companies seeing pressure from AI spending taking away budget or delaying decision-making," RBC analysts said.The brokerage said the full-year 2026 revenue outlook was 0.7% above consensus on average as top-line guides came in better than expected, while full-year profitability guidance topped market expectations by 2.8%.Salesforce (CRM), CrowdStrike (CRWD), Nutanix (NTNX), Okta (OKTA) and Veeva Systems (VEEV) are scheduled to report off-quarter results on Aug. 26."Similar to the (on-quarter) cohort, we expect price action for the (off-quarter) cohort to be volatile with a bifurcation in the AI haves and have not," RBC said.

$CRM$CRWD$DDOG$EVCM$HUBS$IBM$NABL$NET$NTNX$OKTA$PEGA$PLTR$TWLO$VEEV$VRNS$XMTR
Research

Wells Fargo Upgrades Okta to Overweight From Equalweight, Adjusts Price Target to $180 From $150

Okta (OKTA) has an average rating of overweight and mean price target of $135.38, according to analysts polled by FactSet.

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Major Software Providers Poised for Quarterly Beats Amid 'Bullish' Reseller Feedback, RBC Says
US Markets

Major Software Providers Poised for Quarterly Beats Amid 'Bullish' Reseller Feedback, RBC Says

Several major software companies are likely to top expectations for their upcoming quarterly financial results amid an "incrementally more optimistic" feedback from resellers and other factors, RBC Capital Markets said in a note e-mailed Friday.The brokerage raised its price targets for 12 of the 14 software providers in its sector coverage, including CrowdStrike (CRWD) and Snowflake (SNOW), which it tagged as its "favorite growth idea." RBC expects both Autodesk (ADSK) and CrowdStrike, in particular, to raise their respectively financial outlooks."Our recent checks and on-quarter results from our (artificial intelligence), cyber, infra and data coverage leave us more optimistic as we head into the (second half of the year), with upside to consensus estimates now appearing more likely," Matthew Hedberg, RBC's head of global technology, internet, media and telecom research, said in a note to clients."Our off-(quarter) cyber checks were particularly bullish, as we found resellers incrementally more optimistic regarding recent results and the potential for a strong (second half)," Hedberg wrote.The brokerage raised its price target on the Snowflake stock to $372 from $313. "We continue to believe Snowflake is one of the few software companies benefiting directly from AI-readiness as we remain positively biased on shares," Hedberg said.RBC revised its price target for CrowdStrike's shares to $256 from $188.75. The brokerage tagged the company as a "top (long-term) idea and category leader.""Following another round of bullish reseller checks, we look for another strong beat/raise quarter (for CrowdStrike)," Hedberg said. "While we think demand trends remain very healthy and assume nice upside to (second-quarter) estimates, the (short-term) setup is trickier, as CrowdStrike has higher company-specific expectations and valuation (versus) peers."While RBC maintained its $305 price target on the Autodesk stock, Hedberg described the company's setup as "favorable coming off a strong beat-and-raise quarter.""We believe (fiscal 2027) guidance has an opportunity to move slightly higher this quarter and over (the second half)," Hedberg wrote. "We continue to like design and vertical software ideas like (Autodesk), as we believe they are less prone to AI headwinds and could start to see AI tailwinds due to proprietary data moats."Citing "peer-multiple expansion," RBC also raised its price targets for GitLab (GTLB), Okta (OKTA), Palo Alto Networks (PANW), SailPoint (SAIL), among other names. It maintained its price target on the Zscaler (ZS) stock at $200.Price: $217.71, Change: $-7.82, Percent Change: -3.47%

$ADSK$CRWD$GTLB$OKTA$PANW$SAIL$SNOW$ZS
Wire

Okta Fiscal Q2 Revenue Could Top Guidance as Sales Execution Improves, Oppenheimer Says

Okta (OKTA) could deliver about 2 percentage points of upside to the midpoint of its fiscal Q2 2027 revenue guidance as sales execution improves and demand strengthens across its identity products, Oppenheimer said in a report Tuesday.The firm cited "above plan" partner checks, better new-customer activity and "healthy" cross-selling and upselling, with Workforce Identity and Customer Identity performing well and "broader platform adoption" of Okta Identity Governance.Okta for AI Agents is also "building momentum," with a strong pipeline, early revenue and competitive wins, the firm said. Because the product is not expected to contribute meaningfully to fiscal 2027 guidance, stronger "pipeline conversion could create upside," the report said.The firm expects "modest upside" to Okta's Q2 revenue guidance midpoint of $792 million, which represents 8.8% year-over-year growth, and views current remaining performance obligations and remaining performance obligations as "key metrics" of whether the momentum can be sustained.Oppenheimer has an outperform rating on Okta raised its price target to $170 from $125.Price: $150.86, Change: $+0.09, Percent Change: +0.06%

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Wire

Okta to Buy Permiso Security to Expand Identity Threat Detection

Okta (OKTA) agreed to acquire cloud-native identity security platform Permiso Security.Permiso's technology will add identity-focused threat detection, better insight into AI-agent behavior, and automated response tools, Okta said Thursday in a statement.Financial details weren't disclosed.The transaction is set to close in Okta's fiscal Q3.Price: $139.74, Change: $+2.83, Percent Change: +2.06%

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Research

Capital One Upgrades Okta to Overweight From Equalweight, Adjusts Price Target to $171 From $126

Okta (OKTA) has an average rating of overweight and mean price target of $124.87, according to analysts polled by FactSet.

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Insider Trading

Okta Insider Sold Shares Worth $10,107,672, According to a Recent SEC Filing

Todd McKinnon, Director, Chief Executive Officer, on July 08, 2026, sold 68,936 shares in Okta (OKTA) for $10,107,672. Following the Form 4 filing with the SEC, McKinnon has control over a total of 38,484 Class A common shares of the company, with 38,484 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1660134/000170062626000006/xslF345X05/wk-form4_1783717251.xml

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Insider Trading

Okta Insider Sold Shares Worth $453,770, According to a Recent SEC Filing

Eric Robert Kelleher, President and Chief Operating Officer, on June 18, 2026, sold 3,977 shares in Okta (OKTA) for $453,770. Following the Form 4 filing with the SEC, Kelleher has control over a total of 19,618 Class A common shares of the company, with 19,618 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1660134/000205365226000007/xslF345X05/wk-form4_1782248296.xml

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Insider Trading

Okta Insider Sold Shares Worth $7,621,285, According to a Recent SEC Filing

Brett Tighe, Chief Financial Officer, on June 08, 2026, sold 65,000 shares in Okta (OKTA) for $7,621,285. Following the Form 4 filing with the SEC, Tighe has control over a total of 120,930 Class A common shares of the company, with 119,680 shares held directly and 1,250 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1660134/000186508426000005/xslF345X05/wk-form4_1781126217.xml

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Insider Trading

Okta Insider Sold Shares Worth $3,349,398, According to a Recent SEC Filing

Larissa Schwartz, Chief Legal Officer and Corporate Secretary, on June 02, 2026, sold 24,971 shares in Okta (OKTA) for $3,349,398. Following the Form 4 filing with the SEC, Schwartz has control over a total of 23,477 Class A common shares of the company, with 23,477 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1660134/000196812526000009/xslF345X05/wk-form4_1780609640.xml

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Research

Mizuho Downgrades Okta to Neutral From Outperform, Adjusts Price Target to $125 From $110

Okta (OKTA) has an average rating of overweight and mean price target of $118.45, according to analysts polled by FactSet.Price: $129.54, Change: $-10.25, Percent Change: -7.33%

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