DA Davidson Predicts Okta's Q1 Earnings (NASDAQ:OKTA)

Okta, Inc. (NASDAQ:OKTA - Free Report) - Equities researchers at DA Davidson issued their Q1 2026 earnings per share (EPS) estimates for Okta in a research report issued to clients and investors on Tuesday, March 4th. DA Davidson analyst R. Kessinger forecasts that the company will post earnings per share of $0.19 for the quarter. 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.

A number of other research firms also recently weighed in on OKTA. Truist Financial lifted their price objective on Okta from $92.00 to $100.00 and gave the company a "hold" rating in a report on Tuesday, March 4th. The Goldman Sachs Group boosted their price objective on shares of Okta from $107.00 to $123.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Sanford C. Bernstein dropped their target price on shares of Okta from $129.00 to $124.00 and set an "outperform" rating for the company in a research report on Tuesday, December 17th. Citigroup upped their target price on shares of Okta from $100.00 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, March 4th. Finally, Guggenheim reiterated a "buy" rating and set a $130.00 target price on shares of Okta in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $113.10.

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Okta Stock Performance

OKTA traded up $1.22 on Wednesday, hitting $112.44. 4,495,719 shares of the stock traded hands, compared to its average volume of 3,214,255. Okta has a 52 week low of $70.56 and a 52 week high of $116.96. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $19.27 billion, a PE ratio of -321.26, a P/E/G ratio of 6.42 and a beta of 1.09. The business has a fifty day moving average price of $91.72 and a two-hundred day moving average price of $82.90.

Hedge Funds Weigh In On Okta

Hedge funds and other institutional investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. purchased a new position in Okta during the 3rd quarter worth approximately $25,000. Bank of Jackson Hole Trust acquired a new stake in shares of Okta during the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC acquired a new stake in shares of Okta during the 3rd quarter worth approximately $32,000. TD Private Client Wealth LLC grew its stake in shares of Okta by 3,507.7% during the 4th quarter. TD Private Client Wealth LLC now owns 469 shares of the company's stock worth $37,000 after purchasing an additional 456 shares during the period. Finally, University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Okta during the 4th quarter worth approximately $40,000. 86.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Okta

In other news, insider Larissa Schwartz sold 2,740 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $97.59, for a total value of $267,396.60. Following the sale, the insider now directly owns 22,125 shares in the company, valued at approximately $2,159,178.75. This trade represents a 11.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jacques Frederic Kerrest sold 130,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $105.00, for a total transaction of $13,650,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 979,482 shares of company stock worth $88,072,216. 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.