It’s still a bull thesis, just subverted: Okta Inc (OKTA)

At the time of writing, Okta Inc [OKTA] stock is trading at $89.33, up 0.93%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The OKTA shares have lost -6.93% over the last week, with a monthly amount drifted -2.87%, and not seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Okta Inc [NASDAQ: OKTA] stock has seen the most recent analyst activity on July 07, 2025, when Arete initiated its Sell rating and assigned the stock a price target of $83. Previously, BMO Capital Markets reaffirmed its Market Perform rating on May 14, 2025, and elevated its price target to $135. On May 05, 2025, Loop Capital initiated with a Buy rating and assigned a price target of $140 on the stock. Roth Capital started tracking the stock assigning a Buy rating and suggested a price target of $119 on April 23, 2025. Stephens initiated its recommendation with a Equal-Weight and recommended $127 as its price target on April 01, 2025. Cantor Fitzgerald started tracking with a Overweight rating for this stock on March 31, 2025, and assigned it a price target of $130.

For the past year, the stock price of Okta Inc fluctuated between $70.56 and $127.57. Currently, Wall Street analysts expect the stock to reach $120.29 within the next 12 months. Okta Inc [NASDAQ: OKTA] shares were valued at $89.33 at the most recent close of the market. An investor can expect a potential return of 34.66% based on the average OKTA price forecast.

Analyzing the OKTA fundamentals

According to Okta Inc [NASDAQ:OKTA], the company’s sales were 2.68B for trailing twelve months, which represents an 11.51% jump. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.14.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 87.91 points at the first support level, and at 86.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 90.07, and for the 2nd resistance point, it is at 90.82.

Ratios To Look Out For

It is important to note that Okta Inc [NASDAQ:OKTA] has a current ratio of 1.40. In addition, the Quick Ratio stands at 1.40 and the Cash Ratio stands at 0.22. Considering the valuation of this stock, the price to sales ratio is 5.83, the price to book ratio is 2.38 and price to earnings (TTM) ratio is 138.69.

Transactions by insiders

Recent insider trading involved Addison Jonathan James, Chief Revenue Officer, that happened on Jul 25 ’25 when 9000.0 shares were sold. Chief Executive Officer, McKinnon Todd completed a deal on Jul 21 ’25 to sell 31592.0 shares. Meanwhile, Chief Financial Officer Tighe Brett sold 10000.0 shares on Jul 18 ’25.

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