OKTA
Okta, Inc.
October 16, 2026 · intraday
- Rarity
- 1.98
- Peak move
- −11.18%
- Float cap
- $35.2B
Okta provides independent, cloud-based identity and access management platforms, including Okta Platform and Auth0 Platform. It sells multi-year subscriptions that help organizations securely connect employees, contractors, partners and customers to applications, APIs, servers and services. Customers include enterprises, small and medium-sized businesses, universities, nonprofits, government agencies and developers.
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What we found
9 events · 0 from SEC or newswire · 0 timed with the moveanalyst_ratingCiti raised its price targets on CrowdStrike to $295 from $260, Palo Alto Networks to $440 from $410 and Zscaler to $260 from $245, keeping Buy ratings on all three, citing a CIO survey showing cybersecurity budget growth accelerating to ~7% over the next 12 months.
analyst_ratingCitigroup raised its price target on Okta to $215 from $205 while maintaining a Neutral rating, citing an improved CIO survey on cybersecurity spending and AI-driven security investment.
macro_dataUS September CPI rose 0.6% month-over-month and 3.7% year-over-year, above the 3.6% consensus, with core CPI up 0.3% m/m and 2.6% y/y versus forecasts of 0.2% and 2.5%.
peer_disclosureThe Information reported that OpenAI is in early talks to acquire New York-based security startup Trail of Bits, a ~40-person firm specializing in finding and fixing open-source software vulnerabilities that partnered with OpenAI on the 'Patch the Planet' project in June 2026.
product_launchOkta Japan announced the formation of the 'Blueprint Alliance' with AWS, CrowdStrike, Databricks, Docker, Google Cloud, Lovable, Proofpoint, Salesforce, ServiceNow, Wiz and Zscaler to push a common architecture for securing AI agents, alongside Agent SSO and Okta for AI Agents features.
analyst_ratingAmerX initiated coverage of Okta with a Hold rating, stating it sees no clear path for the company to outperform current forecasts.
insider_saleOkta Chief Accounting Officer Ninan Shibu sold 12,675 Class A shares on October 7-8, 2026 at weighted-average prices of $216.35-$218.20 and $220.00, leaving 11,071 shares directly held; the sales were executed under a Rule 10b5-1 plan adopted July 8, 2026.
commodity_eventMemory, storage and processor prices rose sharply, driving up hardware and data-center equipment costs; Zscaler said the increases would lift capex as a percentage of revenue by as much as 200 basis points in fiscal 2027.
peer_disclosureZscaler reported fiscal Q3 2026 revenue of $850.5 million (up 25% YoY) and adjusted EPS of $1.08, but guided FY2027 ARR growth of only 16%-17% and cut its free-cash-flow margin outlook to ~22.8%-23.3% on higher memory and processor costs.