Okta (NASDAQ:OKTA) Releases FY 2025 Earnings Guidance

Okta (NASDAQ:OKTA) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.750-2.760 for the period, compared to the consensus EPS estimate of 2.780. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion. Okta also updated its Q4 guidance to $0.73-0.74 EPS.

Okta Stock Performance

OKTA traded up $2.63 during trading on Wednesday, hitting $97.04. The stock had a trading volume of 862,073 shares, compared to its average volume of 2,495,583. 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 firm has a market cap of $16.63 billion, a price-to-earnings ratio of -277.66, a P/E/G ratio of 9.52 and a beta of 1.03. The company has a 50 day moving average price of $84.76 and a 200-day moving average price of $81.97. Okta has a one year low of $70.56 and a one year high of $114.50.

Analyst Ratings Changes

A number of research analysts recently commented on OKTA shares. Needham & Company LLC restated a “buy” rating and issued a $115.00 price target on shares of Okta in a research report on Tuesday. Deutsche Bank Aktiengesellschaft cut shares of Okta from a “buy” rating to a “hold” rating and dropped their target price for the company from $115.00 to $85.00 in a research report on Tuesday, November 12th. Jefferies Financial Group reduced their price target on shares of Okta from $100.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Stifel Nicolaus upped their target price on Okta from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, Canaccord Genuity Group boosted their target price on Okta from $82.00 to $94.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Okta currently has an average rating of “Hold” and an average price target of $104.55.

Insider Transactions at Okta

In other news, CFO Brett Tighe sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $89.00, for a total transaction of $445,000.00. Following the sale, the chief financial officer now directly owns 112,533 shares in the company, valued at $10,015,437. This represents a 4.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jacques Frederic Kerrest sold 131,426 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $80.68, for a total transaction of $10,603,449.68. Following the completion of the sale, the director now directly owns 1,622 shares in the company, valued at $130,862.96. This represents a 98.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 913,168 shares of company stock worth $78,420,769 in the last quarter. 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.