Okta (NASDAQ:OKTA - Get Free Report) updated its second quarter 2026 earnings guidance on Tuesday. The company provided EPS guidance of 0.830-0.840 for the period. The company issued revenue guidance of $710.0 million-$712.0 million. Okta also updated its FY 2026 guidance to 3.230-3.280 EPS.
Wall Street Analyst Weigh In
Several research analysts have issued reports on OKTA shares. KeyCorp lifted their target price on shares of Okta from $125.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. BTIG Research restated a "buy" rating on shares of Okta in a research report on Thursday, May 22nd. Westpark Capital restated a "buy" rating and set a $140.00 target price on shares of Okta in a research report on Wednesday. Wells Fargo & Company boosted their target price on shares of Okta from $100.00 to $110.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, Scotiabank boosted their target price on shares of Okta from $109.00 to $115.00 and gave the company a "sector perform" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, Okta has a consensus rating of "Moderate Buy" and an average price target of $121.59.
Check Out Our Latest Research Report on OKTA
Okta Price Performance
Shares of NASDAQ:OKTA traded down $4.31 during midday trading on Friday, reaching $102.32. 3,401,121 shares of the company were exchanged, compared to its average volume of 2,958,082. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06. The business's fifty day moving average is $109.53 and its two-hundred day moving average is $96.67. Okta has a one year low of $70.56 and a one year high of $127.57. The stock has a market cap of $17.76 billion, a PE ratio of -292.03, a price-to-earnings-growth ratio of 6.42 and a beta of 0.96.
Okta (NASDAQ:OKTA - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $688.00 million for the quarter, compared to the consensus estimate of $680.14 million. Okta had a negative net margin of 1.54% and a positive return on equity of 0.47%. Okta's revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 earnings per share. As a group, analysts predict that Okta will post 0.42 earnings per share for the current year.
Insider Activity at Okta
In related news, CRO Jonathan James Addison sold 7,005 shares of the company's 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 sale, the executive now owns 19,067 shares of the company's stock, valued at $1,929,389.73. This represents a 26.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Larissa Schwartz sold 11,552 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $114.09, for a total transaction of $1,317,967.68. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 154,452 shares of company stock valued at $16,347,360 over the last 90 days. 5.68% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Okta
An institutional investor recently raised its position in Okta stock. NewEdge Advisors LLC grew its position in Okta, Inc. (NASDAQ:OKTA - Free Report) by 853.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,530 shares of the company's stock after acquiring an additional 4,950 shares during the quarter. NewEdge Advisors LLC's holdings in Okta were worth $582,000 at the end of the most recent reporting period. 86.64% of the stock is owned by institutional investors.
Okta Company Profile
(
Get Free Report)
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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