Equities Analysts Set Expectations for Okta FY2026 Earnings

Okta, Inc. (NASDAQ:OKTA) – Research analysts at Cantor Fitzgerald issued their FY2026 earnings estimates for shares of Okta in a report released on Monday, June 9th. Cantor Fitzgerald analyst J. Ruykhaver forecasts that the company will post earnings per share of $1.28 for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $130.00 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 have also issued reports on OKTA. Mizuho dropped their price objective on shares of Okta from $135.00 to $130.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 28th. Stifel Nicolaus raised their price target on shares of Okta from $120.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, May 28th. Evercore ISI lifted their price target on shares of Okta from $122.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 28th. BTIG Research reissued a “buy” rating on shares of Okta in a research report on Thursday, May 22nd. Finally, Canaccord Genuity Group raised their target price on Okta from $100.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $121.59.

Okta Stock Performance

Okta stock opened at $100.18 on Thursday. The firm has a market capitalization of $17.54 billion, a PE ratio of -286.23, a price-to-earnings-growth ratio of 6.42 and a beta of 0.84. Okta has a one year low of $70.56 and a one year high of $127.57. The stock’s 50 day moving average price is $109.13 and its 200 day moving average price is $98.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.34.

Okta (NASDAQ:OKTA) last announced its quarterly earnings results on Tuesday, May 27th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. The firm had revenue of $688.00 million during the quarter, compared to the consensus estimate of $680.14 million. Okta had a positive return on equity of 0.47% and a negative net margin of 1.54%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 EPS.

Institutional Investors Weigh In On Okta

Large investors have recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. increased its position in Okta by 6.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 363,950 shares of the company’s stock valued at $28,679,000 after acquiring an additional 21,543 shares during the period. Empowered Funds LLC boosted its position in Okta by 32.0% during the 4th quarter. Empowered Funds LLC now owns 7,550 shares of the company’s stock worth $595,000 after acquiring an additional 1,832 shares during the period. Stephens Inc. AR grew its stake in shares of Okta by 5.0% in the fourth quarter. Stephens Inc. AR now owns 3,296 shares of the company’s stock worth $260,000 after purchasing an additional 157 shares in the last quarter. Savant Capital LLC acquired a new position in shares of Okta during the fourth quarter valued at $829,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Okta by 138.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 554,633 shares of the company’s stock valued at $43,721,000 after purchasing an additional 322,201 shares during the period. Institutional investors and hedge funds own 86.64% of the company’s stock.

Insider Transactions at Okta

In related news, insider Larissa Schwartz sold 11,552 shares of Okta stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $114.09, for a total value of $1,317,967.68. Following the sale, the insider now directly owns 22,125 shares in the company, valued at $2,524,241.25. This trade represents a 34.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Eric Robert Kelleher sold 5,895 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $113.75, for a total transaction of $670,556.25. Following the transaction, the insider now directly owns 9,828 shares of the company’s stock, valued at $1,117,935. The trade was a 37.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,452 shares of company stock worth $2,697,360. 5.68% of the stock is currently owned by company 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.