Okta (OKTA) Projected to Post Quarterly Earnings on Tuesday

Key Points

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Okta (NASDAQ:OKTA - Get Free Report) is expected to be issuing its Q2 2026 quarterly earnings data after the market closes on Tuesday, August 26th. Analysts expect Okta to post earnings of $0.84 per share and revenue of $711.84 million for the quarter. Okta has set its Q2 2026 guidance at 0.830-0.840 EPS and its FY 2026 guidance at 3.230-3.280 EPS.

Okta (NASDAQ:OKTA - Get Free Report) last released its quarterly earnings data on Tuesday, May 27th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.77 by $0.09. The firm had revenue of $688.00 million during the quarter, compared to the consensus estimate of $680.14 million. Okta had a return on equity of 2.79% and a net margin of 4.85%. The company's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share. On average, analysts expect Okta to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Okta Trading Down 0.7%

NASDAQ OKTA opened at $91.38 on Tuesday. Okta has a 12 month low of $70.56 and a 12 month high of $127.57. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $16.00 billion, a P/E ratio of 145.05, a PEG ratio of 4.45 and a beta of 0.80. The business has a fifty day simple moving average of $96.32 and a 200 day simple moving average of $102.63.

Wall Street Analyst Weigh In

Several brokerages have commented on OKTA. UBS Group cut their target price on Okta from $150.00 to $130.00 and set a "buy" rating for the company in a research note on Wednesday, May 28th. Wells Fargo & Company lifted their price target on Okta from $100.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 28th. Arete Research raised shares of Okta to a "strong sell" rating and set a $83.00 target price on the stock in a report on Monday, July 7th. BMO Capital Markets set a $132.00 target price on shares of Okta and gave the stock a "market perform" rating in a research note on Wednesday, May 28th. Finally, Loop Capital initiated coverage on Okta in a report on Monday, May 5th. They issued a "buy" rating and a $140.00 price objective for the company. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $118.06.

Insider Activity

In related news, CEO Todd Mckinnon sold 31,592 shares of Okta stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $95.30, for a total value of $3,010,717.60. Following the completion of the sale, the chief executive officer directly owned 20,682 shares in the company, valued at $1,970,994.60. This trade represents a 60.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Eric Robert Kelleher sold 16,018 shares of the business's stock in a transaction that occurred on 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 sale, the insider directly owned 7,044 shares in the company, valued at approximately $646,709.64. This represents a 69.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,594 shares of company stock valued at $8,382,790. 5.68% of the stock is owned by company insiders.

Institutional Trading of Okta

Several large investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in Okta during the first quarter valued at $225,000. NewEdge Advisors LLC lifted its holdings in shares of Okta by 853.4% in the 1st quarter. NewEdge Advisors LLC now owns 5,530 shares of the company's stock valued at $582,000 after buying an additional 4,950 shares during the period. Invesco Ltd. boosted its stake in shares of Okta by 34.1% in the second quarter. Invesco Ltd. now owns 430,844 shares of the company's stock worth $43,071,000 after buying an additional 109,614 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Okta by 122.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,621 shares of the company's stock worth $162,000 after acquiring an additional 893 shares during the period. Finally, Cerity Partners LLC grew its holdings in Okta by 16.0% during the second quarter. Cerity Partners LLC now owns 72,265 shares of the company's stock worth $7,224,000 after acquiring an additional 9,963 shares during the period. 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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