Cantor Fitzgerald Estimates Okta FY2026 Earnings

Okta, Inc. (NASDAQ:OKTA - Free Report) - Investment analysts at Cantor Fitzgerald issued their FY2026 EPS estimates for Okta in a research note issued to investors on Monday, June 9th. Cantor Fitzgerald analyst J. Ruykhaver expects that the company will post earnings of $1.28 per share 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.

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

Several other research firms also recently issued reports on OKTA. Royal Bank of Canada dropped their price objective on shares of Okta from $143.00 to $135.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Stifel Nicolaus upped their target price on shares of Okta from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. DA Davidson lowered their target price on shares of Okta from $145.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, May 28th. The Goldman Sachs Group upped their price target on Okta from $123.00 to $137.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Finally, Wells Fargo & Company upped their price target on Okta from $100.00 to $110.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, Okta currently has an average rating of "Moderate Buy" and an average price target of $121.59.

Okta Stock Down 0.3%

NASDAQ:OKTA traded down $0.26 on Thursday, hitting $100.18. 2,601,131 shares of the company's stock traded hands, compared to its average volume of 3,012,278. The company has a market cap 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. The firm has a 50-day moving average price of $108.95 and a 200-day moving average price of $98.38. Okta has a 1 year low of $70.56 and a 1 year high of $127.57. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06.

Insider Buying and Selling

In related news, CRO Jonathan James Addison sold 7,005 shares of the business's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $101.19, for a total value of $708,835.95. Following the completion of the sale, the executive now directly owns 19,067 shares in the company, valued at $1,929,389.73. The trade was a 26.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Larissa Schwartz sold 11,552 shares of the business's stock in a transaction on 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 completion of the sale, the insider now owns 22,125 shares of the company's stock, valued at $2,524,241.25. This trade represents a 34.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,452 shares of company stock valued at $2,697,360. 5.68% of the stock is owned by insiders.

Institutional Trading of Okta

A number of institutional investors have recently modified their holdings of OKTA. Bank of Jackson Hole Trust bought a new stake in shares of Okta during the 4th quarter valued at $25,000. Wolff Wiese Magana LLC lifted its position in shares of Okta by 167.4% during the 1st quarter. Wolff Wiese Magana LLC now owns 246 shares of the company's stock valued at $26,000 after acquiring an additional 154 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Okta during the 1st quarter valued at $27,000. Harbour Investments Inc. lifted its position in shares of Okta by 152.4% during the 1st quarter. Harbour Investments Inc. now owns 260 shares of the company's stock valued at $27,000 after acquiring an additional 157 shares during the period. Finally, Rossby Financial LCC bought a new stake in shares of Okta during the 1st quarter valued at $31,000. 86.64% of the stock is currently owned by institutional investors.

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.