DA Davidson Forecasts Okta's FY2026 Earnings (NASDAQ:OKTA)

Key Points

• DA Davidson has raised its FY2026 earnings per share (EPS) estimate for Okta to $1.34, an increase from the previous estimate of $1.24, maintaining a "Buy" rating with a price target of $140.00.
• In its latest quarterly earnings, Okta reported an EPS of $0.91, exceeding the consensus estimate of $0.84, with a 12.7% year-over-year revenue growth to $728 million.
• Currently, the stock is rated as a Moderate Buy by analysts, with a consensus price target of $118.25.

Okta, Inc. (NASDAQ:OKTA - Free Report) - Equities researchers at DA Davidson boosted their FY2026 EPS estimates for shares of Okta in a report released on Wednesday, August 27th. DA Davidson analyst R. Kessinger now forecasts that the company will post earnings per share of $1.34 for the year, up from their previous estimate of $1.24. DA Davidson has a "Buy" rating and a $140.00 price target on the stock. The consensus estimate for Okta's current full-year earnings is $0.42 per share. DA Davidson also issued estimates for Okta's FY2027 earnings at $1.59 EPS.

Okta (NASDAQ:OKTA - Get Free Report) last released its quarterly earnings results on Tuesday, August 26th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.84 by $0.07. Okta had a return on equity of 3.35% and a net margin of 6.08%.The business had revenue of $728,000 billion during the quarter, compared to analyst estimates of $711.84 million. During the same period last year, the business posted $0.72 earnings per share. The company's quarterly revenue was up 12.7% on a year-over-year basis. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS.

A number of other analysts have also issued reports on OKTA. Citigroup reiterated a "market perform" rating on shares of Okta in a research note on Wednesday. Needham & Company LLC restated a "buy" rating and issued a $125.00 price objective on shares of Okta in a report on Wednesday. BTIG Research reiterated a "buy" rating on shares of Okta in a report on Thursday, May 22nd. Westpark Capital reissued a "buy" rating and issued a $140.00 price target on shares of Okta in a research report on Wednesday. Finally, Royal Bank Of Canada upped their price objective on Okta from $113.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday. Twenty-two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $118.25.

Okta Price Performance

OKTA opened at $93.03 on Thursday. The stock's 50-day moving average price is $95.20 and its 200 day moving average price is $102.32. Okta has a 12-month low of $70.56 and a 12-month high of $127.57. The firm has a market cap of $16.29 billion, a price-to-earnings ratio of 109.45, a PEG ratio of 4.43 and a beta of 0.80. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.05.

Institutional Investors Weigh In On Okta

Several institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp increased its stake in Okta by 86.3% in the fourth quarter. Stifel Financial Corp now owns 69,426 shares of the company's stock valued at $5,471,000 after purchasing an additional 32,168 shares during the last quarter. Beacon Pointe Advisors LLC grew its position in shares of Okta by 44.6% in the 4th quarter. Beacon Pointe Advisors LLC now owns 58,922 shares of the company's stock valued at $4,643,000 after buying an additional 18,187 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Okta by 1.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 7,873 shares of the company's stock valued at $620,000 after buying an additional 136 shares during the last quarter. Northern Trust Corp raised its stake in Okta by 11.8% during the 4th quarter. Northern Trust Corp now owns 1,001,027 shares of the company's stock worth $78,881,000 after acquiring an additional 105,918 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Okta by 874.6% in the fourth quarter. AQR Capital Management LLC now owns 849,642 shares of the company's stock valued at $66,952,000 after acquiring an additional 762,460 shares during the last quarter. Hedge funds and other institutional investors own 86.64% of the company's stock.

Insider Buying and Selling at Okta

In other Okta news, CFO Brett Tighe sold 10,000 shares of Okta stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $95.00, for a total transaction of $950,000.00. Following the completion of the sale, the chief financial officer directly owned 132,288 shares of the company's stock, valued at $12,567,360. The trade was a 7.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jacques Frederic Kerrest sold 581 shares of the company's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $100.29, for a total value of $58,268.49. Following the transaction, the director directly owned 2,832 shares of the company's stock, valued at approximately $284,021.28. This represents a 17.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,594 shares of company stock worth $8,382,790. 5.68% of the stock is currently owned by company insiders.

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.

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