What is Scotiabank’s Forecast for Okta FY2026 Earnings?

Okta, Inc. (NASDAQ:OKTA) – Equities researchers at Scotiabank issued their FY2026 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 has a “Sector Perform” rating and a $96.00 price objective on the stock. The consensus estimate for Okta’s current full-year earnings is $0.40 per share.

OKTA has been the subject of several other research reports. JPMorgan Chase & Co. raised shares of Okta from a “neutral” rating to an “overweight” rating and set a $100.00 price objective for the company in a research note on Monday, December 16th. Robert W. Baird raised their price objective on shares of Okta from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Needham & Company LLC lifted their price target on shares of Okta from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group lifted their price target on shares of Okta from $97.00 to $107.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Guggenheim reaffirmed a “buy” rating and set a $130.00 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 given a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $104.45.

Okta Stock Up 0.9 %

Shares of NASDAQ OKTA opened at $85.46 on Thursday. 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 company has a market cap of $14.64 billion, a P/E ratio of -244.17, a PEG ratio of 8.61 and a beta of 1.00. Okta has a 1 year low of $70.56 and a 1 year high of $114.50. The firm has a 50-day simple moving average of $79.64 and a two-hundred day simple moving average of $82.73.

Institutional Investors Weigh In On Okta

Several hedge funds have recently modified their holdings of OKTA. Marshall Wace LLP lifted its stake in Okta by 117.4% in the 2nd quarter. Marshall Wace LLP now owns 2,273,700 shares of the company’s stock valued at $212,841,000 after buying an additional 1,227,890 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Okta in the 3rd quarter worth approximately $49,373,000. Nordea Investment Management AB increased its holdings in shares of Okta by 1,150.2% during the 4th quarter. Nordea Investment Management AB now owns 415,418 shares of the company’s stock worth $33,146,000 after buying an additional 382,190 shares during the last quarter. Eminence Capital LP increased its holdings 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 buying an additional 305,381 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Okta by 232.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 396,538 shares of the company’s stock worth $29,479,000 after buying an additional 277,084 shares during the last quarter. 86.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Okta news, insider Larissa Schwartz sold 2,704 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $80.50, for a total transaction of $217,672.00. Following the sale, the insider now directly owns 24,462 shares of the company’s stock, valued at approximately $1,969,191. This trade represents a 9.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Todd Mckinnon sold 233,028 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $82.31, for a total value of $19,180,534.68. The disclosure for this sale can be found here. Insiders have sold 607,129 shares of company stock valued at $47,937,652 over the last ninety days. 7.00% of the stock is currently owned by 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.