What is DA Davidson's Estimate for Okta Q2 Earnings?

Okta, Inc. (NASDAQ:OKTA - Free Report) - Analysts at DA Davidson issued their Q2 2026 EPS estimates for Okta in a report issued on Wednesday, May 28th. DA Davidson analyst R. Kessinger forecasts that the company will post earnings per share of $0.31 for the quarter. DA Davidson currently has a "Buy" rating and a $140.00 target price 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 FY2026 earnings at $1.17 EPS and FY2027 earnings at $1.41 EPS.

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

Several other brokerages also recently weighed in on OKTA. Mizuho lowered their target price on shares of Okta from $135.00 to $130.00 and set an "outperform" rating for the company in a research note on Wednesday. UBS Group lowered their target price on shares of Okta from $150.00 to $130.00 and set a "buy" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on shares of Okta from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Oppenheimer raised their target price on shares of Okta from $125.00 to $135.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th. Finally, Wells Fargo & Company raised their target price on shares of Okta from $100.00 to $110.00 and gave the company an "equal weight" rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $121.59.

Okta Stock Down 3.6%

OKTA traded down $3.83 during trading on Thursday, hitting $102.80. The stock had a trading volume of 7,711,011 shares, compared to its average volume of 2,946,773. The company has a market capitalization of $17.85 billion, a PE ratio of -293.71, a PEG ratio of 6.42 and a beta of 0.96. Okta has a twelve month low of $70.56 and a twelve month high of $127.57. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a 50 day simple moving average of $109.26 and a two-hundred day simple moving average of $96.84.

Institutional Trading of Okta

Several hedge funds and other institutional investors have recently made changes to their positions in OKTA. Norges Bank acquired a new stake in shares of Okta in the fourth quarter valued at about $234,992,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Okta by 325.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,699,944 shares of the company's stock valued at $389,308,000 after purchasing an additional 2,830,582 shares during the period. Alkeon Capital Management LLC acquired a new stake in shares of Okta in the first quarter valued at about $199,918,000. Ameriprise Financial Inc. lifted its stake in shares of Okta by 2,135.7% in the fourth quarter. Ameriprise Financial Inc. now owns 1,914,254 shares of the company's stock valued at $150,845,000 after purchasing an additional 1,828,630 shares during the period. Finally, Ninety One UK Ltd acquired a new stake in shares of Okta in the first quarter valued at about $189,915,000. Institutional investors and hedge funds own 86.64% of the company's stock.

Insider Transactions at Okta

In other news, Director Jacques Frederic Kerrest sold 130,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $105.00, for a total value of $13,650,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Jonathan James Addison sold 7,005 shares of the firm's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $101.19, for a total transaction of $708,835.95. Following the completion of the sale, the executive now owns 19,067 shares of the company's stock, valued at $1,929,389.73. This trade represents a 26.87% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,452 shares of company stock worth $16,347,360. Company insiders own 5.68% of the company's stock.

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.