Q2 EPS Estimates for Okta Boosted by Capital One Financial

Okta, Inc. (NASDAQ:OKTA - Free Report) - Investment analysts at Capital One Financial increased their Q2 2026 earnings estimates for shares of Okta in a note issued to investors on Thursday, February 6th. Capital One Financial analyst C. Murphy now forecasts that the company will post earnings per share of $0.18 for the quarter, up from their previous estimate of $0.16. The consensus estimate for Okta's current full-year earnings is $0.42 per share. Capital One Financial also issued estimates for Okta's FY2026 earnings at $0.70 EPS.

Several other analysts have also recently commented on OKTA. Barclays raised their price objective on shares of Okta from $81.00 to $96.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 4th. Truist Financial reiterated a "hold" rating and issued a $92.00 price objective (up previously from $80.00) on shares of Okta in a research note on Wednesday, December 4th. Canaccord Genuity Group raised their price objective on shares of Okta from $82.00 to $94.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Guggenheim reiterated a "buy" rating and issued a $130.00 price objective on shares of Okta in a research note on Wednesday, December 4th. Finally, BTIG Research lifted their target price on shares of Okta from $98.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Okta has a consensus rating of "Hold" and an average target price of $105.45.

Okta Stock Performance

Shares of OKTA stock traded up $2.00 during mid-day trading on Monday, hitting $100.26. The stock had a trading volume of 2,762,612 shares, compared to its average volume of 2,478,835. Okta has a fifty-two week low of $70.56 and a fifty-two week high of $114.50. The firm has a market cap of $17.18 billion, a PE ratio of -286.46, a PEG ratio of 6.58 and a beta of 1.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.34 and a quick ratio of 1.34. The company's 50-day simple moving average is $87.19 and its 200-day simple moving average is $82.31.

Institutional Investors Weigh In On Okta

Several institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new position in shares of Okta during the second quarter worth $460,000. Atomi Financial Group Inc. lifted its position in shares of Okta by 24.9% during the third quarter. Atomi Financial Group Inc. now owns 2,747 shares of the company's stock worth $204,000 after purchasing an additional 547 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Okta by 333.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,300 shares of the company's stock worth $97,000 after purchasing an additional 1,000 shares in the last quarter. CHICAGO TRUST Co NA lifted its position in shares of Okta by 8.2% during the third quarter. CHICAGO TRUST Co NA now owns 2,929 shares of the company's stock worth $218,000 after purchasing an additional 221 shares in the last quarter. Finally, ORG Partners LLC lifted its position in shares of Okta by 8.0% during the third quarter. ORG Partners LLC now owns 5,679 shares of the company's stock worth $422,000 after purchasing an additional 419 shares in the last quarter. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Okta

In other Okta news, insider Larissa Schwartz sold 2,740 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $97.59, for a total transaction of $267,396.60. Following the completion of the sale, the insider now directly owns 22,125 shares in the company, valued at $2,159,178.75. The trade was a 11.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jacques Frederic Kerrest sold 65,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $97.50, for a total transaction of $6,337,500.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 980,908 shares of company stock worth $85,025,665. 7.00% of the stock is owned by company insiders.

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.