FY2026 EPS Estimates for Okta Lifted by Cantor Fitzgerald

Key Points

• Cantor Fitzgerald increased its FY2026 earnings estimate for Okta to $1.33 per share, up from $1.28, maintaining an "Overweight" rating and a price target of $130.00.
• Multiple brokerage firms have revised their ratings and price targets for Okta, with Truist Financial upgrading to "buy" and increasing their price target to $125.00, while Evercore ISI raised theirs to $130.00.
• Recently, several hedge funds have significantly increased their stakes in Okta, contributing to institutional ownership of 86.64% of the company's stock.

Okta, Inc. (NASDAQ:OKTA - Free Report) - Equities researchers at Cantor Fitzgerald upped their FY2026 earnings estimates for shares of Okta in a research note issued on Wednesday, August 27th. Cantor Fitzgerald analyst J. Ruykhaver now expects that the company will post earnings of $1.33 per share for the year, up from their previous estimate of $1.28. Cantor Fitzgerald has a "Overweight" rating and a $130.00 price objective on the stock. The consensus estimate for Okta's current full-year earnings is $0.42 per share.

Several other research firms have also weighed in on OKTA. Truist Financial raised shares of Okta from a "hold" rating to a "buy" rating and lifted their target price for the company from $100.00 to $125.00 in a report on Monday. Evercore ISI lifted their target price on shares of Okta from $122.00 to $130.00 and gave the company an "outperform" rating in a report on Wednesday, May 28th. Barclays boosted their price target on shares of Okta from $100.00 to $115.00 and gave the stock an "equal weight" rating in a report on Wednesday. Canaccord Genuity Group raised shares of Okta from a "hold" rating to a "buy" rating and increased their price objective for the company from $115.00 to $120.00 in a report on Tuesday. Finally, Scotiabank dropped their target price on shares of Okta from $115.00 to $105.00 and set a "sector perform" rating on the stock in a research report on Wednesday. Twenty-two equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $118.25.

Okta Price Performance

NASDAQ:OKTA opened at $93.03 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market cap of $16.29 billion, a price-to-earnings ratio of 109.45, a price-to-earnings-growth ratio of 4.43 and a beta of 0.80. The company has a 50 day moving average price of $95.20 and a 200-day moving average price of $102.32. Okta has a 1-year low of $70.56 and a 1-year high of $127.57.

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

Insider Activity at Okta

In other Okta news, CRO Jonathan James Addison sold 9,000 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $100.00, for a total transaction of $900,000.00. Following the completion of the transaction, the executive owned 7,067 shares of the company's stock, valued at $706,700. This trade represents a 56.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Eric Robert Kelleher sold 16,018 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $91.81, for a total transaction of $1,470,612.58. Following the transaction, the insider directly owned 7,044 shares of the company's stock, valued at approximately $646,709.64. This trade represents a 69.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 88,594 shares of company stock valued at $8,382,790 over the last quarter. 5.68% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of OKTA. Massachusetts Financial Services Co. MA boosted its stake in Okta by 325.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,699,944 shares of the company's stock worth $389,308,000 after buying an additional 2,830,582 shares during the period. Norges Bank acquired a new stake in shares of Okta during the second quarter worth about $211,923,000. Alkeon Capital Management LLC acquired a new stake in shares of Okta during the first quarter worth about $199,918,000. Ameriprise Financial Inc. lifted its position in shares of Okta by 2,135.7% during the fourth quarter. Ameriprise Financial Inc. now owns 1,914,254 shares of the company's stock worth $150,845,000 after purchasing an additional 1,828,630 shares in the last quarter. Finally, Ninety One UK Ltd acquired a new stake in shares of Okta during the first quarter worth about $189,915,000. Hedge funds and other institutional investors own 86.64% 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.

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