Scotiabank Has Optimistic Outlook of Okta FY2026 Earnings

Okta, Inc. (NASDAQ:OKTA) – Research analysts at Scotiabank boosted their FY2026 earnings per share (EPS) estimates for shares of Okta in a report released on Thursday, December 4th. Scotiabank analyst P. Colville now forecasts that the company will earn $1.25 per share for the year, up from their previous estimate of $1.16. Scotiabank currently has a “Sector Perform” rating and a $85.00 target price on the stock. The consensus estimate for Okta’s current full-year earnings is $0.42 per share.

Okta (NASDAQ:OKTA) last issued its earnings results on Tuesday, December 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.06. Okta had a return on equity of 3.77% and a net margin of 6.87%.The business had revenue of $742.00 million during the quarter, compared to analyst estimates of $730.23 million. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Okta’s revenue for the quarter was up 11.6% on a year-over-year basis. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS.

A number of other research analysts have also recently issued reports on the company. JMP Securities reaffirmed a “market perform” rating on shares of Okta in a research note on Wednesday, August 27th. Guggenheim restated a “buy” rating and set a $138.00 target price on shares of Okta in a report on Wednesday, December 3rd. Cantor Fitzgerald restated an “overweight” rating and set a $115.00 price target on shares of Okta in a research report on Wednesday, December 3rd. KeyCorp reiterated an “overweight” rating and issued a $140.00 price objective on shares of Okta in a research report on Monday, December 1st. Finally, Morgan Stanley dropped their price objective on Okta from $123.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Twenty-three analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Okta has an average rating of “Moderate Buy” and a consensus price target of $112.91.

Okta Stock Performance

OKTA stock opened at $85.89 on Monday. The firm has a market cap of $15.04 billion, a P/E ratio of 78.80, a P/E/G ratio of 4.05 and a beta of 0.78. The firm’s fifty day moving average is $86.78 and its 200 day moving average is $93.26. Okta has a 52 week low of $75.05 and a 52 week high of $127.57.

Hedge Funds Weigh In On Okta

A number of institutional investors have recently bought and sold shares of OKTA. Smartleaf Asset Management LLC boosted its position in Okta by 12.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 824 shares of the company’s stock valued at $89,000 after acquiring an additional 92 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Okta by 5.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,238 shares of the company’s stock worth $224,000 after acquiring an additional 113 shares in the last quarter. Norden Group LLC lifted its stake in shares of Okta by 3.7% in the 2nd quarter. Norden Group LLC now owns 3,260 shares of the company’s stock valued at $326,000 after purchasing an additional 116 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Okta by 12.6% during the first quarter. Advisors Asset Management Inc. now owns 1,073 shares of the company’s stock valued at $113,000 after purchasing an additional 120 shares in the last quarter. Finally, Simon Quick Advisors LLC grew its stake in Okta by 2.5% in the second quarter. Simon Quick Advisors LLC now owns 5,110 shares of the company’s stock worth $511,000 after purchasing an additional 126 shares during the period. 86.64% of the stock is owned by institutional investors.

Insider Activity at Okta

In other Okta news, insider Larissa Schwartz sold 3,348 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $90.17, for a total value of $301,889.16. Following the completion of the transaction, the insider directly owned 39,155 shares in the company, valued at approximately $3,530,606.35. This represents a 7.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Jonathan James Addison sold 6,091 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $92.61, for a total transaction of $564,087.51. Following the completion of the sale, the executive directly owned 7,067 shares of the company’s stock, valued at approximately $654,474.87. This represents a 46.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 64,975 shares of company stock valued at $6,011,126 over the last 90 days. Company insiders own 5.68% 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.