Research Analysts Set Expectations for Okta FY2025 Earnings

Okta, Inc. (NASDAQ:OKTA) – Equities researchers at William Blair upped their FY2025 earnings per share (EPS) estimates for shares of Okta in a research report issued to clients and investors on Wednesday, December 4th. William Blair analyst J. Ho now forecasts that the company will post earnings of $0.40 per share for the year, up from their previous 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.

Other equities analysts have also recently issued reports about the company. Sanford C. Bernstein raised Okta from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $123.00 to $129.00 in a report on Thursday, December 5th. Royal Bank of Canada reissued an “outperform” rating and set a $101.00 price target on shares of Okta in a report on Wednesday, December 4th. Barclays boosted their price target on Okta from $81.00 to $96.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. Truist Financial reissued a “hold” rating and set a $92.00 price target (up previously from $80.00) on shares of Okta in a report on Wednesday, December 4th. Finally, Needham & Company LLC boosted their price target on Okta from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $103.77.

Okta Price Performance

Shares of NASDAQ OKTA opened at $82.78 on Monday. The stock has a market capitalization of $14.06 billion, a PE ratio of -236.51, a P/E/G ratio of 8.91 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.34 and a quick ratio of 1.34. The business has a fifty day moving average price of $76.15 and a two-hundred day moving average price of $83.71. Okta has a fifty-two week low of $70.56 and a fifty-two week high of $114.50.

Hedge Funds Weigh In On Okta

Institutional investors have recently modified their holdings of the business. Paloma Partners Management Co bought a new position in shares of Okta in the third quarter valued at approximately $969,000. SG Americas Securities LLC grew its holdings in Okta by 122.3% during the third quarter. SG Americas Securities LLC now owns 17,021 shares of the company’s stock valued at $1,265,000 after purchasing an additional 9,364 shares during the period. Truist Financial Corp grew its holdings in Okta by 62.5% during the second quarter. Truist Financial Corp now owns 522,057 shares of the company’s stock valued at $48,870,000 after purchasing an additional 200,770 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings 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 valued at $26,627,000 after purchasing an additional 184,107 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Okta by 7.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 118,547 shares of the company’s stock valued at $8,813,000 after purchasing an additional 8,239 shares during the period. 86.64% of the stock is owned by institutional investors.

Insider Activity at Okta

In other news, 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 $2,051,039.13. This represents a 9.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Todd Mckinnon sold 200,512 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $75.21, for a total value of $15,080,507.52. Following the completion of the sale, the chief executive officer now directly owns 8,495 shares of the company’s stock, valued at approximately $638,908.95. This trade represents a 95.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 607,215 shares of company stock worth $46,304,810 in the last 90 days. Corporate insiders own 7.00% of the company’s stock.

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.