Okta (NASDAQ:OKTA) Posts Earnings Results, Beats Expectations By $0.09 EPS

Okta (NASDAQ:OKTA - Get Free Report) announced its earnings results on Tuesday. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.09, Briefing.com reports. Okta had a negative net margin of 1.54% and a positive return on equity of 0.47%. The business had revenue of $688.00 million for the quarter, compared to analyst estimates of $680.14 million. During the same period last year, the firm posted $0.65 earnings per share. The company's revenue for the quarter was up 11.5% compared to the same quarter last year. Okta updated its Q2 2026 guidance to 0.830-0.840 EPS and its FY 2026 guidance to 3.230-3.280 EPS.

Okta Trading Down 4.0%

Shares of NASDAQ OKTA traded down $4.31 on Friday, reaching $102.32. 3,401,121 shares of the company traded hands, compared to its average volume of 2,958,082. The company has a 50 day moving average of $109.53 and a 200 day moving average of $96.67. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06. Okta has a fifty-two week low of $70.56 and a fifty-two week high of $127.57. The stock has a market capitalization of $17.76 billion, a PE ratio of -292.03, a P/E/G ratio of 6.42 and a beta of 0.96.

Insider Activity at Okta

In other news, insider Larissa Schwartz sold 11,552 shares of the firm'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 transaction, the insider now owns 22,125 shares of the company's stock, valued at approximately $2,524,241.25. This trade represents a 34.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Jonathan James Addison sold 7,005 shares of Okta stock in a transaction on Friday, April 11th. The shares were sold at an average price of $101.19, for a total transaction of $708,835.95. Following the transaction, the executive now owns 19,067 shares in the company, valued at $1,929,389.73. The trade was a 26.87% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 154,452 shares of company stock worth $16,347,360. 5.68% of the stock is owned by company insiders.

Institutional Trading of Okta

A hedge fund recently raised its stake in Okta stock. NewEdge Advisors LLC lifted its stake in Okta, Inc. (NASDAQ:OKTA - Free Report) by 853.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,530 shares of the company's stock after buying an additional 4,950 shares during the period. NewEdge Advisors LLC's holdings in Okta were worth $582,000 as of its most recent SEC filing. Institutional investors and hedge funds own 86.64% of the company's stock.

Analyst Upgrades and Downgrades

OKTA has been the subject of several recent research reports. KeyCorp increased their price target on Okta from $125.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Needham & Company LLC increased their price target on Okta from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday. Roth Capital reaffirmed a "buy" rating and set a $119.00 price target on shares of Okta in a report on Wednesday. JMP Securities reaffirmed a "market perform" rating on shares of Okta in a report on Wednesday. Finally, Susquehanna raised their target price on Okta from $95.00 to $105.00 and gave the company a "neutral" rating in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $121.59.

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.