FY2026 Earnings Estimate for Okta Issued By Scotiabank

Okta, Inc. (NASDAQ:OKTA - Free Report) - Equities researchers at Scotiabank issued their FY2026 earnings estimates for Okta in a research report issued on Wednesday, January 8th. Scotiabank analyst P. Colville expects that the company will post earnings of $0.70 per share for the year. Scotiabank has a "Sector Perform" rating and a $96.00 price objective on the stock. The consensus estimate for Okta's current full-year earnings is $0.40 per share.

A number of other equities research analysts have also recently issued reports on the stock. Truist Financial reissued a "hold" rating and issued a $92.00 price target (up previously from $80.00) on shares of Okta in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft cut shares of Okta from a "buy" rating to a "hold" rating and cut their target price for the stock from $115.00 to $85.00 in a research note on Tuesday, November 12th. Jefferies Financial Group decreased their price target on shares of Okta from $100.00 to $90.00 and set a "hold" rating on the stock in a research note on Thursday, December 19th. JMP Securities reiterated a "market perform" rating on shares of Okta in a research note on Wednesday, December 4th. Finally, Citigroup lifted their price target on Okta from $90.00 to $95.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. One investment 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, the stock has an average rating of "Hold" and a consensus price target of $104.45.

Okta Price Performance

OKTA traded up $0.80 during trading on Thursday, hitting $85.46. The company's stock had a trading volume of 2,341,161 shares, compared to its average volume of 2,825,247. The firm has a market capitalization of $14.64 billion, a price-to-earnings ratio of -244.17, a P/E/G ratio of 8.61 and a beta of 1.00. Okta has a twelve month low of $70.56 and a twelve month high of $114.50. The business's fifty day simple moving average is $79.91 and its 200 day simple moving average is $82.75. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06.

Insider Buying and Selling

In other news, CEO Todd Mckinnon sold 233,028 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $82.31, for a total value of $19,180,534.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Larissa Schwartz sold 2,797 shares of the company's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $77.63, for a total transaction of $217,131.11. Following the sale, the insider now directly owns 24,916 shares in the company, valued at approximately $1,934,229.08. The trade was a 10.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 607,129 shares of company stock valued at $47,937,652. Company insiders own 7.00% of the company's stock.

Hedge Funds Weigh In On Okta

Institutional investors have recently modified their holdings of the business. Itau Unibanco Holding S.A. purchased a new position in Okta in the third quarter worth approximately $25,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Okta in the 3rd quarter valued at $26,000. Blue Trust Inc. raised its holdings in shares of Okta by 105.5% in the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company's stock valued at $28,000 after purchasing an additional 191 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of Okta during the 3rd quarter worth $32,000. Finally, Modus Advisors LLC acquired a new position in shares of Okta during the fourth quarter worth $44,000. Institutional investors and hedge funds 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.