Okta (NASDAQ:OKTA) Issues FY 2026 Earnings Guidance

Okta (NASDAQ:OKTA - Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 3.230-3.280 for the period. The company issued revenue guidance of $2.9 billion-$2.9 billion. Okta also updated its Q2 2026 guidance to 0.830-0.840 EPS.

Okta Trading Down 3.6%

OKTA traded down $3.87 during midday trading on Friday, reaching $102.76. 3,756,951 shares of the company's stock traded hands, compared to its average volume of 2,958,791. The firm has a fifty day moving average of $109.53 and a two-hundred day moving average of $96.67. The stock has a market capitalization of $17.84 billion, a price-to-earnings ratio of -293.25, a P/E/G ratio of 6.42 and a beta of 0.96. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.34 and a quick ratio of 1.34. Okta has a 52 week low of $70.56 and a 52 week high of $127.57.

Okta (NASDAQ:OKTA - Get Free Report) last released its quarterly earnings results on Tuesday, May 27th. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. The business had revenue of $688.00 million during the quarter, compared to analyst estimates of $680.14 million. Okta had a positive return on equity of 0.47% and a negative net margin of 1.54%. Okta's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 EPS. On average, equities analysts anticipate that Okta will post 0.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on OKTA shares. Citigroup upped their price target on Okta from $100.00 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, March 4th. Roth Capital reissued a "buy" rating and set a $119.00 price objective on shares of Okta in a research report on Wednesday. Wells Fargo & Company raised their price objective on Okta from $100.00 to $110.00 and gave the company an "equal weight" rating in a research report on Wednesday. JMP Securities reissued a "market perform" rating on shares of Okta in a research report on Wednesday. Finally, Stifel Nicolaus raised their price objective on Okta from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $121.59.

Insider Transactions at Okta

In related news, insider Larissa Schwartz sold 11,552 shares of Okta stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $114.09, for a total transaction of $1,317,967.68. Following the transaction, the insider now directly owns 22,125 shares in the company, valued at approximately $2,524,241.25. The trade was a 34.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $708,835.95. Following the transaction, the executive now owns 19,067 shares in the company, valued at $1,929,389.73. This trade represents a 26.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 154,452 shares of company stock worth $16,347,360 in the last ninety days. Insiders own 5.68% of the company's stock.

Hedge Funds Weigh In On Okta

An institutional investor recently bought a new position in Okta stock. Integrated Wealth Concepts LLC bought a new stake in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,142 shares of the company's stock, valued at approximately $225,000. 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.