Okta (NASDAQ:OKTA) Updates FY 2025 Earnings Guidance

Okta (NASDAQ:OKTA - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 2.750-2.760 for the period, compared to the consensus estimate of 2.780. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion. Okta also updated its Q4 guidance to $0.73-0.74 EPS.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on OKTA. Sanford C. Bernstein dropped their price target on Okta from $129.00 to $124.00 and set an "outperform" rating on the stock in a research report on Tuesday, December 17th. JMP Securities reiterated a "market perform" rating on shares of Okta in a research report on Wednesday, December 4th. Mizuho decreased their price target on shares of Okta from $104.00 to $92.00 and set a "neutral" rating on the stock in a report on Thursday, October 17th. JPMorgan Chase & Co. upgraded Okta from a "neutral" rating to an "overweight" rating and set a $100.00 target price for the company in a research report on Monday, December 16th. Finally, BTIG Research raised their price objective on Okta from $98.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $104.55.

Okta Stock Performance

NASDAQ OKTA traded down $0.44 during trading hours on Friday, reaching $97.03. The stock had a trading volume of 1,478,969 shares, compared to its average volume of 2,510,833. Okta has a 52-week low of $70.56 and a 52-week high of $114.50. The stock has a fifty day moving average of $85.60 and a 200 day moving average of $82.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $16.63 billion, a P/E ratio of -277.23, a price-to-earnings-growth ratio of 9.52 and a beta of 1.03.

Insider Activity at Okta

In other news, Director Jacques Frederic Kerrest sold 130,000 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $93.00, for a total value of $12,090,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brett Tighe sold 5,000 shares of Okta stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $94.76, for a total transaction of $473,800.00. Following the completion of the sale, the chief financial officer now directly owns 97,533 shares in the company, valued at $9,242,227.08. This represents a 4.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 913,168 shares of company stock worth $78,420,769 over the last three months. 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.