William Blair Forecasts Okta's FY2025 Earnings (NASDAQ:OKTA)

Okta, Inc. (NASDAQ:OKTA - Free Report) - Research analysts at William Blair raised their FY2025 EPS estimates for shares of Okta in a research report issued on Wednesday, December 4th. William Blair analyst J. Ho now expects that the company will post earnings per share of $0.40 for the year, up from their prior forecast of $0.21. The consensus estimate for Okta's current full-year earnings is $0.40 per share. William Blair also issued estimates for Okta's Q1 2026 earnings at $0.09 EPS, Q2 2026 earnings at $0.14 EPS, Q3 2026 earnings at $0.14 EPS, Q4 2026 earnings at $0.22 EPS and FY2026 earnings at $0.59 EPS.

Several other research analysts also recently issued reports on OKTA. Canaccord Genuity Group lifted their price target on Okta from $82.00 to $94.00 and gave the stock a "hold" rating in a research note on Wednesday, December 4th. DA Davidson lifted their price target on Okta from $75.00 to $90.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. JMP Securities reaffirmed a "market perform" rating on shares of Okta in a research note on Wednesday, December 4th. Westpark Capital reissued a "buy" rating and issued a $140.00 target price on shares of Okta in a research note on Wednesday, December 4th. Finally, Morgan Stanley raised shares of Okta from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $92.00 to $97.00 in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $103.77.

Okta Stock Performance

Shares of NASDAQ OKTA traded down $1.50 during trading on Monday, hitting $83.29. 2,576,419 shares of the company were exchanged, compared to its average volume of 2,123,084. Okta has a 1 year low of $70.56 and a 1 year high of $114.50. The firm's fifty day moving average price is $75.77 and its 200 day moving average price is $83.92. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.34 and a quick ratio of 1.34.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Itau Unibanco Holding S.A. bought a new position in shares of Okta in the 3rd quarter valued at about $25,000. Future Financial Wealth Managment LLC purchased a new stake in Okta in the 3rd quarter worth about $26,000. Blue Trust Inc. raised its position in Okta by 105.5% in the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company's stock worth $28,000 after purchasing an additional 191 shares during the period. Legacy Investment Solutions LLC purchased a new stake in Okta in the 3rd quarter worth about $32,000. Finally, First Command Advisory Services Inc. purchased a new stake in Okta in the 2nd quarter worth about $47,000. Institutional investors own 86.64% of the company's stock.

Insiders Place Their Bets

In other Okta news, Director Jacques Frederic Kerrest sold 131,426 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $80.68, for a total transaction of $10,603,449.68. Following the completion of the transaction, the director now owns 1,622 shares of the company's stock, valued at $130,862.96. This represents a 98.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Jonathan James Addison sold 9,850 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $77.63, for a total transaction of $764,655.50. Following the transaction, the executive now directly owns 14,601 shares of the company's stock, valued at $1,133,475.63. This trade represents a 40.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 607,215 shares of company stock valued at $46,304,810. Company 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.