Capital One Financial Lowers Earnings Estimates for Okta

Okta, Inc. (NASDAQ:OKTA - Free Report) - Analysts at Capital One Financial reduced their Q1 2026 EPS estimates for shares of Okta in a research note issued to investors on Wednesday, January 15th. Capital One Financial analyst C. Murphy now expects that the company will post earnings of $0.16 per share for the quarter, down from their prior forecast of $0.17. 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 2026 earnings at $0.16 EPS, Q3 2026 earnings at $0.19 EPS, Q4 2026 earnings at $0.18 EPS and FY2026 earnings at $0.69 EPS.

Several other research analysts also recently commented on the company. KeyCorp raised Okta from a "sector weight" rating to an "overweight" rating and set a $115.00 price target on the stock in a research report on Thursday, December 19th. Westpark Capital reaffirmed a "buy" rating and set a $140.00 target price on shares of Okta in a research report on Wednesday, December 4th. The Goldman Sachs Group upped their target price on shares of Okta from $97.00 to $107.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft lowered shares of Okta from a "buy" rating to a "hold" rating and decreased their price target for the stock from $115.00 to $85.00 in a research report on Tuesday, November 12th. Finally, Stifel Nicolaus upped their price objective on shares of Okta from $108.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $104.61.

Okta Stock Performance

Shares of Okta stock traded up $1.62 during trading on Friday, reaching $87.29. The company's stock had a trading volume of 3,364,627 shares, compared to its average volume of 2,651,626. The business's fifty day moving average price is $81.05 and its 200-day moving average price is $82.40. Okta has a one year low of $70.56 and a one year high of $114.50. The firm has a market cap of $14.96 billion, a price-to-earnings ratio of -249.40, a price-to-earnings-growth ratio of 8.52 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.34.

Insider Buying and Selling at Okta

In other Okta news, CEO Todd Mckinnon sold 233,028 shares of the business's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $82.31, for a total value of $19,180,534.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Larissa Schwartz sold 2,791 shares of the company's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $71.50, for a total transaction of $199,556.50. Following the transaction, the insider now owns 22,125 shares in the company, valued at $1,581,937.50. The trade was a 11.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 369,949 shares of company stock worth $30,201,213. 7.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new position in Okta in the third quarter valued at about $25,000. Future Financial Wealth Managment LLC acquired a new position in Okta in the third quarter valued at about $26,000. Blue Trust Inc. boosted its stake in Okta by 105.5% during the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company's stock worth $28,000 after acquiring an additional 191 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in shares of Okta during the third quarter worth $32,000. Finally, Modus Advisors LLC acquired a new position in Okta in the fourth quarter valued at about $44,000. 86.64% of the stock is currently owned by institutional investors.

Okta Company Profile

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.