Analysts Set Expectations for Okta Q1 Earnings

Okta, Inc. (NASDAQ:OKTA - Free Report) - Stock analysts at Capital One Financial issued their Q1 2027 earnings per share (EPS) estimates for Okta in a research report issued on Tuesday, April 15th. Capital One Financial analyst C. Murphy forecasts that the company will earn $0.26 per share for the quarter. The consensus estimate for Okta's current full-year earnings is $0.42 per share. Capital One Financial also issued estimates for Okta's Q2 2027 earnings at $0.33 EPS, Q3 2027 earnings at $0.32 EPS and Q4 2027 earnings at $0.44 EPS.

A number of other research firms have also recently weighed in on OKTA. Stifel Nicolaus boosted their target price on shares of Okta from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Stephens started coverage on shares of Okta in a research report on Tuesday, April 1st. They issued an "equal weight" rating and a $127.00 price target for the company. Truist Financial lifted their price objective on Okta from $92.00 to $100.00 and gave the stock a "hold" rating in a research note on Tuesday, March 4th. Robert W. Baird upped their price objective on shares of Okta from $115.00 to $130.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th. Finally, Scotiabank lifted their target price on shares of Okta from $94.00 to $109.00 and gave the stock a "sector perform" rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $116.03.

Okta Price Performance

Shares of OKTA stock traded up $1.34 on Thursday, reaching $93.80. The company had a trading volume of 583,764 shares, compared to its average volume of 2,551,477. The stock has a market capitalization of $16.28 billion, a PE ratio of -269.89, a price-to-earnings-growth ratio of 6.42 and a beta of 1.07. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.06. The business's 50-day moving average is $102.26 and its 200 day moving average is $88.90. Okta has a one year low of $70.56 and a one year high of $118.07.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Praxis Investment Management Inc. grew its position in Okta by 17.5% during the 1st quarter. Praxis Investment Management Inc. now owns 5,300 shares of the company's stock worth $558,000 after acquiring an additional 790 shares during the last quarter. Evanson Asset Management LLC increased its stake in shares of Okta by 90.2% in the first quarter. Evanson Asset Management LLC now owns 6,244 shares of the company's stock worth $657,000 after buying an additional 2,962 shares during the period. Private Wealth Partners LLC purchased a new stake in Okta during the 1st quarter valued at $363,000. ORG Wealth Partners LLC bought a new stake in Okta in the 1st quarter worth $1,332,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of Okta in the first quarter valued at about $229,000. 86.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CRO Jonathan James Addison sold 7,005 shares of Okta stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $101.19, for a total transaction of $708,835.95. Following the completion of the sale, the executive now owns 19,067 shares in the company, valued at approximately $1,929,389.73. This trade represents a 26.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Larissa Schwartz sold 2,704 shares of Okta stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $89.58, for a total transaction of $242,224.32. Following the sale, the insider now owns 23,311 shares of the company's stock, valued at approximately $2,088,199.38. The trade was a 10.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 759,896 shares of company stock valued at $70,632,631. Company insiders own 7.00% of the company's stock.

About Okta

Okta, Inc operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials.