Okta(US:OKTA) Financial Modeling Prep·2026-02-24 16:00Core Viewpoint - Okta, Inc. is a significant player in the identity and access management industry, facing competition from major firms like Microsoft and IBM in the cybersecurity sector [1] Group 1: Stock Performance and Analyst Ratings - Cowen & Co. maintains a "Hold" rating for Okta, adjusting the price target from $115 to $105, with the stock currently priced at $69.51 [1][6] - Stifel Nicolaus lowered their price target from $130 to $121 but kept a "buy" rating, while Morgan Stanley reduced their target from $123 to $110 with an "overweight" rating [3] - Canaccord Genuity Group reaffirmed a "buy" rating with a price objective of $120 [3] - Okta's stock price has decreased by 6.43% or $4.78, fluctuating between a low of $68.77 and a high of $73.55 on the day [4] Group 2: Market Activity - There has been a significant increase in options trading, with 16,957 put options purchased, marking a 52% rise from the average daily volume of 11,146 [2][6] - Okta's market capitalization is approximately $11.78 billion, with a trading volume of 4,768,533 shares on the NASDAQ exchange [5]