Equities Analysts Offer Predictions for Okta FY2026 Earnings

Okta, Inc. (NASDAQ:OKTA) – Analysts at Scotiabank issued their FY2026 earnings per share (EPS) estimates for Okta in a research report issued on Wednesday, January 8th. Scotiabank analyst P. Colville anticipates that the company will post earnings per share of $0.70 for the year. Scotiabank currently has a “Sector Perform” rating and a $96.00 target price on the stock. The consensus estimate for Okta’s current full-year earnings is $0.40 per share.

A number of other brokerages have also issued reports on OKTA. Robert W. Baird increased their target price on shares of Okta from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Canaccord Genuity Group increased their price target on Okta from $82.00 to $94.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Mizuho dropped their price objective on Okta from $104.00 to $92.00 and set a “neutral” rating for the company in a report on Thursday, October 17th. KeyCorp raised Okta from a “sector weight” rating to an “overweight” rating and set a $115.00 target price on the stock in a report on Thursday, December 19th. Finally, Westpark Capital reaffirmed a “buy” rating and issued a $140.00 price target on shares of Okta in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $104.45.

Okta Trading Up 0.9 %

OKTA stock opened at $85.46 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.34. The company’s 50-day simple moving average is $79.91 and its 200 day simple moving average is $82.75. Okta has a 52 week low of $70.56 and a 52 week high of $114.50. The company has a market capitalization of $14.64 billion, a PE ratio of -244.17, a price-to-earnings-growth ratio of 8.61 and a beta of 1.00.

Insider Activity at Okta

In other news, CEO Todd Mckinnon sold 233,028 shares of the business’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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Larissa Schwartz sold 2,797 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $77.63, for a total transaction of $217,131.11. Following the completion of the sale, the insider now directly owns 24,916 shares in the company, valued at approximately $1,934,229.08. This represents a 10.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 607,129 shares of company stock worth $47,937,652 over the last three months. Company insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Paloma Partners Management Co bought a new stake in Okta in the third quarter worth approximately $969,000. SG Americas Securities LLC increased its stake in shares of Okta by 122.3% in the 3rd quarter. SG Americas Securities LLC now owns 17,021 shares of the company’s stock valued at $1,265,000 after acquiring an additional 9,364 shares in the last quarter. Truist Financial Corp lifted its position in shares of Okta by 62.5% during the 2nd quarter. Truist Financial Corp now owns 522,057 shares of the company’s stock valued at $48,870,000 after acquiring an additional 200,770 shares during the period. Stifel Financial Corp boosted its stake in Okta by 56.1% during the third quarter. Stifel Financial Corp now owns 37,258 shares of the company’s stock worth $2,770,000 after acquiring an additional 13,387 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Okta by 105.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 358,182 shares of the company’s stock worth $26,627,000 after acquiring an additional 184,107 shares in the last quarter. 86.64% of the stock is owned by institutional investors and hedge funds.

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.