Q1 EPS Estimates for Okta Decreased by Capital One Financial

Okta, Inc. (NASDAQ:OKTA) – Research analysts at Capital One Financial lowered their Q1 2026 earnings estimates for Okta in a research report issued to clients and investors on Wednesday, October 16th. Capital One Financial analyst C. Murphy now anticipates that the company will post earnings per share of $0.12 for the quarter, down from their prior forecast of $0.18. The consensus estimate for Okta’s current full-year earnings is $0.19 per share. Capital One Financial also issued estimates for Okta’s Q2 2026 earnings at $0.20 EPS, Q3 2026 earnings at $0.17 EPS and FY2026 earnings at $0.76 EPS.

Okta (NASDAQ:OKTA) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.29. Okta had a negative return on equity of 1.10% and a negative net margin of 5.55%. The company had revenue of $646.00 million during the quarter, compared to analysts’ expectations of $632.24 million.

OKTA has been the subject of several other research reports. Bank of America downgraded Okta from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $135.00 to $75.00 in a research note on Thursday, August 29th. Piper Sandler decreased their price target on shares of Okta from $100.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, October 17th. DA Davidson dropped their price target on shares of Okta from $85.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Robert W. Baird reduced their price objective on shares of Okta from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. Finally, BTIG Research decreased their price objective on Okta from $128.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $98.83.

Okta Price Performance

Okta stock opened at $74.03 on Monday. The stock has a 50-day moving average price of $80.08 and a two-hundred day moving average price of $88.93. Okta has a 12 month low of $65.04 and a 12 month high of $114.50. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18.

Hedge Funds Weigh In On Okta

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Okta by 0.8% during the first quarter. Vanguard Group Inc. now owns 15,848,525 shares of the company’s stock valued at $1,658,073,000 after purchasing an additional 128,906 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Okta by 117.4% during the 2nd quarter. Marshall Wace LLP now owns 2,273,700 shares of the company’s stock worth $212,841,000 after purchasing an additional 1,227,890 shares during the period. Eminence Capital LP raised its stake in shares of Okta by 18.1% during the 2nd quarter. Eminence Capital LP now owns 1,989,375 shares of the company’s stock worth $186,225,000 after purchasing an additional 305,381 shares during the period. Primecap Management Co. CA boosted its holdings in shares of Okta by 0.8% in the 2nd quarter. Primecap Management Co. CA now owns 1,356,216 shares of the company’s stock worth $126,955,000 after buying an additional 10,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Okta by 20.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,029,753 shares of the company’s stock valued at $96,388,000 after buying an additional 178,011 shares during the period. 86.64% of the stock is currently owned by institutional investors.

Insider Transactions at Okta

In related news, insider Larissa Schwartz sold 2,790 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $74.01, for a total transaction of $206,487.90. Following the transaction, the insider now directly owns 27,713 shares of the company’s stock, valued at approximately $2,051,039.13. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Todd Mckinnon sold 32,516 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $76.22, for a total transaction of $2,478,369.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Larissa Schwartz sold 2,790 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $74.01, for a total value of $206,487.90. Following the completion of the sale, the insider now directly owns 27,713 shares of the company’s stock, valued at approximately $2,051,039.13. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 475,793 shares of company stock valued at $35,759,000 in the last 90 days. 7.00% of the stock is currently owned by corporate 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.