What is DA Davidson's Estimate for Okta FY2025 Earnings?

Okta, Inc. (NASDAQ:OKTA - Free Report) - Stock analysts at DA Davidson increased their FY2025 EPS estimates for Okta in a note issued to investors on Wednesday, December 4th. DA Davidson analyst R. Kessinger now forecasts that the company will post earnings per share of $0.41 for the year, up from their previous estimate of $0.23. DA Davidson has a "Neutral" rating and a $90.00 price target on the stock. The consensus estimate for Okta's current full-year earnings is $0.20 per share. DA Davidson also issued estimates for Okta's FY2026 earnings at $0.55 EPS.

A number of other equities analysts also recently issued reports on OKTA. Robert W. Baird increased their price target on Okta from $95.00 to $105.00 and gave the stock an "outperform" rating in a research report on Wednesday. Royal Bank of Canada reissued an "outperform" rating and issued a $101.00 price target on shares of Okta in a research note on Wednesday. Canaccord Genuity Group boosted their price target on shares of Okta from $82.00 to $94.00 and gave the stock a "hold" rating in a report on Wednesday. Needham & Company LLC increased their price objective on shares of Okta from $100.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Susquehanna boosted their target price on shares of Okta from $85.00 to $95.00 and gave the stock a "neutral" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Okta currently has an average rating of "Hold" and an average target price of $103.77.

Okta Trading Up 1.5 %

Shares of NASDAQ:OKTA traded up $1.28 during trading on Friday, reaching $84.79. 5,295,390 shares of the company's stock traded hands, compared to its average volume of 3,695,332. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.83 and a quick ratio of 1.83. Okta has a fifty-two week low of $70.56 and a fifty-two week high of $114.50. The company has a 50-day simple moving average of $75.77 and a 200-day simple moving average of $84.16.

Hedge Funds Weigh In On Okta

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 272 Capital LP acquired a new stake in shares of Okta in the third quarter valued at $1,241,000. Oddo BHF Asset Management Sas acquired a new position in Okta during the 3rd quarter worth $5,343,000. Tidal Investments LLC increased its holdings in Okta by 132.0% during the 3rd quarter. Tidal Investments LLC now owns 25,103 shares of the company's stock worth $1,866,000 after purchasing an additional 14,283 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Okta in the 3rd quarter valued at about $108,000. Finally, Sanctuary Advisors LLC boosted its stake in shares of Okta by 125.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 11,244 shares of the company's stock valued at $861,000 after buying an additional 6,265 shares during the period. Hedge funds and other institutional investors own 86.64% of the company's stock.

Insider Buying and Selling at Okta

In related news, Director Jacques Frederic Kerrest sold 131,426 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $80.68, for a total transaction of $10,603,449.68. Following the transaction, the director now owns 1,622 shares of the company's stock, valued at approximately $130,862.96. This represents a 98.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Todd Mckinnon sold 224,533 shares of Okta stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $74.62, for a total value of $16,754,652.46. The disclosure for this sale can be found here. Insiders sold a total of 607,215 shares of company stock worth $46,304,810 over the last three months. Insiders own 7.00% 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.