Research Analysts Issue Forecasts for Okta FY2026 Earnings

Okta, Inc. (NASDAQ:OKTA - Free Report) - Equities researchers at DA Davidson boosted their FY2026 earnings estimates for Okta in a report released on Tuesday, March 4th. DA Davidson analyst R. Kessinger now expects that the company will earn $1.09 per share for the year, up from their prior forecast of $0.55. DA Davidson currently has a "Buy" rating and a $125.00 target price on the stock. The consensus estimate for Okta's current full-year earnings is $0.42 per share. DA Davidson also issued estimates for Okta's FY2027 earnings at $1.37 EPS.

Several other research analysts have also recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of Okta from $115.00 to $120.00 and gave the company an "outperform" rating in a research report on Tuesday, March 4th. Needham & Company LLC reissued a "buy" rating and set a $115.00 price target on shares of Okta in a research report on Tuesday, March 4th. BTIG Research boosted their price target on shares of Okta from $98.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Robert W. Baird boosted their price target on shares of Okta from $115.00 to $130.00 and gave the company an "outperform" rating in a research report on Tuesday, March 4th. Finally, Piper Sandler boosted their price target on shares of Okta from $85.00 to $90.00 and gave the company a "neutral" rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, Okta currently has a consensus rating of "Moderate Buy" and an average price target of $113.10.

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Okta Price Performance

Shares of Okta stock traded up $1.22 during trading hours on Thursday, reaching $112.44. 4,495,719 shares of the company's stock were exchanged, compared to its average volume of 3,214,255. Okta has a 1 year low of $70.56 and a 1 year high of $116.96. The company 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. The business has a fifty day moving average of $91.72 and a two-hundred day moving average of $82.79. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.06.

Institutional Investors Weigh In On Okta

A number of hedge funds and other institutional investors have recently bought and sold shares of OKTA. Marshall Wace LLP increased its position in shares of Okta by 35.5% in the fourth quarter. Marshall Wace LLP now owns 3,583,937 shares of the company's stock valued at $282,414,000 after buying an additional 938,509 shares in the last quarter. Norges Bank purchased a new position in shares of Okta in the fourth quarter valued at $234,992,000. Geode Capital Management LLC increased its position in shares of Okta by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 2,700,216 shares of the company's stock valued at $212,385,000 after buying an additional 135,110 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Okta by 236.8% in the fourth quarter. Point72 Asset Management L.P. now owns 2,236,942 shares of the company's stock valued at $176,271,000 after buying an additional 1,572,786 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Okta by 2,135.7% in the fourth quarter. Ameriprise Financial Inc. now owns 1,914,254 shares of the company's stock valued at $150,845,000 after buying an additional 1,828,630 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company's stock.

Insider Buying and Selling

In other Okta news, CFO Brett Tighe sold 5,000 shares of the firm's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $89.00, for a total value of $445,000.00. Following the completion of the sale, the chief financial officer now owns 112,533 shares of the company's stock, valued at approximately $10,015,437. This trade represents a 4.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Larissa Schwartz sold 2,704 shares of the firm's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $80.50, for a total value of $217,672.00. Following the completion of the sale, the insider now directly owns 24,462 shares of the company's stock, valued at approximately $1,969,191. This trade represents a 9.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 979,482 shares of company stock valued at $88,072,216 over the last three months. 7.00% of the stock is currently 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.