Research Analysts Offer Predictions for Okta Q1 Earnings

Okta, Inc. (NASDAQ:OKTA - Free Report) - Investment analysts at William Blair issued their Q1 2027 earnings per share estimates for shares of Okta in a research report issued on Tuesday, March 4th. William Blair analyst J. Ho forecasts that the company will post earnings per share of $0.33 for the quarter. The consensus estimate for Okta's current full-year earnings is $0.42 per share. William Blair also issued estimates for Okta's Q2 2027 earnings at $0.37 EPS, Q3 2027 earnings at $0.37 EPS, Q4 2027 earnings at $0.48 EPS and FY2027 earnings at $1.55 EPS.

OKTA has been the subject of several other reports. BMO Capital Markets raised their target price on Okta from $103.00 to $105.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. KeyCorp raised their target price on Okta from $125.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Piper Sandler raised their target price on Okta from $85.00 to $90.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. lifted their price target on Okta from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Finally, Royal Bank of Canada lifted their price target on Okta from $115.00 to $120.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $113.10.

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Okta Stock Up 1.1 %

Shares of OKTA traded up $1.22 during trading hours on Thursday, hitting $112.44. The stock had a trading volume of 4,495,719 shares, compared to its average volume of 3,214,255. 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 firm has a 50 day simple moving average of $91.72 and a 200-day simple moving average of $82.79. The firm has a market capitalization of $19.27 billion, a P/E ratio of -321.26, a price-to-earnings-growth ratio of 6.42 and a beta of 1.09. Okta has a 1-year low of $70.56 and a 1-year high of $116.96.

Insider Buying and Selling

In related news, Director Jacques Frederic Kerrest sold 130,000 shares of Okta stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $105.00, for a total value of $13,650,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Todd Mckinnon sold 233,028 shares of the business's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $82.31, for a total transaction of $19,180,534.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 979,482 shares of company stock valued at $88,072,216. 7.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Okta

A number of hedge funds and other institutional investors have recently bought and sold shares of OKTA. Itau Unibanco Holding S.A. bought a new stake in Okta during the 3rd quarter valued at $25,000. Bank of Jackson Hole Trust bought a new stake in Okta during the 4th quarter valued at $25,000. Legacy Investment Solutions LLC bought a new stake in Okta during the 3rd quarter valued at $32,000. TD Private Client Wealth LLC raised its holdings in Okta by 3,507.7% during the 4th quarter. TD Private Client Wealth LLC now owns 469 shares of the company's stock valued at $37,000 after acquiring an additional 456 shares during the period. Finally, University of Texas Texas AM Investment Management Co. bought a new stake in Okta during the 4th quarter valued at $40,000. Institutional investors own 86.64% of the company's stock.

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.