Okta Inc. ($OKTA) Stock Forecast: Down 5.2% Today

What is Okta Inc.?

Okta (OKTA) is a cloud-based identity and access management company that focuses on providing secure connections between people and technology. The company has been expanding its partnerships and international presence to drive growth in the digital identity and security market.

Why is Okta Inc. going down?

OKTA stock is down 5.2% on Feb 17, 2026 15:10

• The bearish movement in Okta's stock today can be attributed to the increased short interest, indicating a more negative sentiment from investors and potential selling pressure on the stock.
• Despite the strategic moves such as the expanded alliance with the PGA of America and leadership appointments in the Asia Pacific and Japan region, the long-term performance decline and concerns about future growth expectations may have weighed on investor confidence.
• The valuation models suggesting Okta is undervalued by about 37% could be seen as a positive indicator, but the high P/E ratio compared to the industry raises questions about the company's ability to meet future growth expectations, adding to the overall bearish sentiment in the market.

OKTA Price Chart

OKTA Technical Analysis

OKTA News

Okta Growth Story Ties PGA Alliance And APJ Leadership Shift

Okta expanded its alliance with the PGA of America, leveraging AI-powered digital identity experiences, and appointed Dan Mountstephen as Senior VP and GM for Asia Pacific and Japan to strengthen leadership in that region. These strategic moves aim to broaden Okta's customer base and product reach by emphasizing high-visibility partnerships and international expansion. While the company's stock has seen recent gains, its long-term performance shows a significant decline, indicating potential volatility and risks that investors should consider alongside these growth initiatives.

https://www.sahmcapital.com/news/content/okta-growth-story-ties-pga-alliance-and-apj-leadership-shift-2026-02-12

Peering Into Okta Inc's Recent Short Interest

Okta Inc's short interest has increased by 12.44% since its last report, with 7.61 million shares now sold short, representing 5.06% of its float. This indicates a more bearish sentiment from investors, although the company still has less short interest compared to its peer group average of 8.67%. It would take traders an average of 3.3 days to cover their short positions.

https://www.sahmcapital.com/news/content/peering-into-okta-incs-recent-short-interest-2026-02-11

Okta (OKTA) Valuation Check As PGA Of America Partnership Highlights Its Identity And AI Security Role

Okta's shares are in focus after expanding its partnership with PGA of America, integrating its identity platform with fan and member digital experiences. Despite a mixed short-term share price performance, some valuation models suggest Okta is undervalued by about 37%, with a fair value of $147.87, though its high P/E ratio compared to the industry raises questions about future growth expectations.

https://www.sahmcapital.com/news/content/okta-okta-valuation-check-as-pga-of-america-partnership-highlights-its-identity-and-ai-security-role-2026-02-10

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Okta Inc. Price History

21.03.2025 - OKTA Stock was down 5.1%

• Despite being recognized as a promising cybersecurity stock, OKTA showed a notable bearish trend today.
• The decline in OKTA's performance could be attributed to profit-taking or market sentiment towards the broader tech sector, overshadowing its potential for long-term growth.
• Market participants may have redirected their attention to other cybersecurity stocks, leading to a temporary dip in OKTA's performance.
• While OKTA's recent decline may be a short-term setback, its enduring potential within the cybersecurity sector remains promising, offering a potential opportunity for investors seeking to benefit from future growth.

29.00.2026 - OKTA Stock was down 8.0%

• The decline in Okta's stock today might be linked to skepticism in the market regarding its valuation and future growth opportunities.
• Although Okta recently established local data centers in India to adhere to data regulations and bolster AI implementation in regulated industries, concerns over its high Price-to-Earnings ratio of 80.8x suggest that the company could be overvalued.
• Investors may be waiting to gauge how Okta's ventures in India, especially within sectors like banking, insurance, and healthcare, will impact customer adoption and financial results before displaying renewed confidence in the company's stock.
• Despite the strategic efforts aimed at ensuring compliance and expanding its footprint, the current emphasis on FY2026 guidance, the initiation of a new buyback program, and profitability enhancements signal that investors seek more tangible proof of sustainable growth in the short term.

24.06.2025 - OKTA Stock was up 2.4%

• The bullish movement in OKTA's stock could be attributed to investors seeing the current price as an attractive entry point, especially considering the company's strong product portfolio and partnerships.
• References to the stock trading below its 52-week high may have sparked interest among investors looking for potential growth opportunities.
• Investors might be viewing OKTA's premium valuation as justified given its robust product offerings and partnerships, leading to increased buying activity and driving the stock price higher.

13.01.2026 - OKTA Stock was up 5.1%

• The expanded AI security partnership with the PGA of America has showcased Okta's capabilities in securing AI-driven experiences, which has likely increased investor confidence in the company's ability to address AI security risks effectively.
• This collaboration highlights Okta's identity tools as essential components of AI-powered solutions, positioning the company as a key player in the evolving enterprise AI security landscape.
• Despite the positive developments, investors may still have concerns about Okta's reliance on margin improvement, past security incidents, and its share price history, which could be factors contributing to the mixed sentiment surrounding the stock.
• Overall, the strengthened partnership with the PGA of America and the focus on AI security solutions have likely contributed to Okta's bullish market movement today, signaling growing recognition of the company's strategic initiatives and market positioning.

28.04.2025 - OKTA Stock was down 11.2%

• Wall Street forecasters adjusted their expectations before OKTA's Q1 earnings, yet the stock saw significant bearish movement.
• Investors may have engaged in profit-taking due to the anticipation of OKTA's earnings report falling short of expectations.
• The market's negative response could be attributed to analysts' revised expectations not being met.
• The bearish trend might be influenced by general market conditions or sector-specific factors affecting OKTA's performance.

13.00.2026 - OKTA Stock was up 5.1%

• The Chief Legal Officer of Okta, Larissa Schwartz, selling $172k in stock might have initially raised some concerns among investors, but the overall market sentiment remained positive.
• Analysts' reiterated positive ratings and price targets, along with the announcement of a $1 billion share repurchase program, boosted investor confidence in Okta's growth potential.
• The company being considered undervalued and maintaining a strong financial position, despite the stock sale, further supported the bullish movement.
• The announcement of the share repurchase program signaled management's confidence in Okta's business outlook, reinforcing the positive market sentiment and driving the stock's upward trajectory.

29.07.2025 - OKTA Stock was up 2.7%

• OKTA's significant bullish movement today is driven by double-digit revenue growth, strong subscription gains, and increasing demand for its identity solutions.
• An upgrade by an analyst has also bolstered the positive momentum, indicating faith in the company's future prospects.
• While concerns exist about tough competition and a high valuation, investors are optimistic about OKTA's performance in the second quarter of fiscal 2026, resulting in heightened buying interest in the stock.

16.00.2026 - OKTA Stock was down 5.2%

• The bearish movement in Okta's stock today could be attributed to significant insider selling activity by the Chief Accounting Officer and Chief Legal Officer, potentially raising concerns among investors about the company's future performance.
• Despite the insider selling, Okta is considered undervalued by analysts and InvestingPro analysis, indicating a potential buying opportunity for investors interested in the company's long-term growth prospects.
• The high P/E ratio relative to the IT industry and peers, as well as a cautious outlook presented by some analysts, could have contributed to the downward pressure on Okta's stock price.
• Investors are advised to carefully assess Okta's valuation, considering its role in AI security, expanding product set, and underlying assumptions for growth and profitability before making investment decisions.

04.02.2025 - OKTA Stock was up 13.6%

• Today, Okta's stock showed a significant upward movement.
• This surge is linked to favorable assessments from analysts and a positive company outlook.
• Analysts from DA Davidson and WestPark Capital raised Okta's rating and confirmed a Buy rating with a $140 price target before Q4 earnings, highlighting growth in identity security and expansion into new markets.
• Okta's optimistic projections, surpassing expectations, and solid growth in identity solutions increased investor confidence, fueling the market's bullish trend.

28.07.2025 - OKTA Stock was down 5.1%

• Okta's stock experienced a strong bearish movement today, possibly influenced by profit-taking after recent gains.
• The analyst upgrades on Okta could have initially boosted investor confidence, but concerns over stiff competition and high valuation may have led to a sell-off.
• The upcoming Q2 earnings report for Okta is anticipated with caution due to the competitive landscape and valuation considerations.
• Overall, the bearish market movement for Okta today may be a result of a combination of profit-taking, cautious investor sentiment, and concerns over valuation and competition in the sector.

29.03.2025 - OKTA Stock was up 5.9%

• OKTA's bullish movement can be attributed to the announcement that it will replace Berry Global Group Inc. in the S&P MidCap 400 index, leading to increased investor interest and buying activity.
• The rising adoption of OKTA's Identity Threat Protection solution despite a stretched valuation indicates growing confidence in the company's future prospects, contributing to the positive market sentiment.
• The overall market volatility today may have also played a role in driving traders towards OKTA as a potential opportunity for gains amidst the market swings.

17.01.2026 - OKTA Stock was down 5.2%

• The bearish movement in Okta's stock today can be attributed to the increased short interest, indicating a more negative sentiment from investors and potential selling pressure on the stock.
• Despite the strategic moves such as the expanded alliance with the PGA of America and leadership appointments in the Asia Pacific and Japan region, the long-term performance decline and concerns about future growth expectations may have weighed on investor confidence.
• The valuation models suggesting Okta is undervalued by about 37% could be seen as a positive indicator, but the high P/E ratio compared to the industry raises questions about the company's ability to meet future growth expectations, adding to the overall bearish sentiment in the market.