Okta (OKTA) to Announce Earnings on Wednesday

Key Points

• Okta is expected to report Q2 fiscal 2027 results after the market closes on August 26. Analysts forecast earnings of $0.965 per share and revenue of approximately $793 million, compared with company guidance of $0.950–$0.970 EPS.
• In its latest quarter, Okta beat consensus estimates with $0.91 EPS and $765 million in revenue, while quarterly revenue increased 11.2% year over year.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $130.51. However, insiders have sold approximately $21.8 million of stock over the past 90 days.

Okta (NASDAQ:OKTA - Get Free Report) is projected to issue its Q2 2027 results after the market closes on Wednesday, August 26th. Analysts expect Okta to announce earnings of $0.9650 per share and revenue of $793.0040 million for the quarter. Okta has set its FY 2027 guidance at 3.790-3.870 EPS and its Q2 2027 guidance at 0.950-0.970 EPS. Investors may review the information on the company's upcoming Q2 2027 earning report for the latest details on the call scheduled for Wednesday, August 26, 2026 at 5:00 PM ET.

Okta (NASDAQ:OKTA - Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.06. The firm had revenue of $765.00 million during the quarter, compared to the consensus estimate of $751.84 million. Okta had a return on equity of 4.15% and a net margin of 8.24%.The company's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 EPS. On average, analysts expect Okta to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Okta Stock Performance

Shares of NASDAQ:OKTA opened at $143.92 on Wednesday. The business's fifty day moving average price is $137.06 and its two-hundred day moving average price is $102.38. The stock has a market cap of $25.01 billion, a PE ratio of 104.29, a price-to-earnings-growth ratio of 5.30 and a beta of 0.77. Okta has a one year low of $62.66 and a one year high of $157.00.

Analysts Set New Price Targets

OKTA has been the subject of a number of analyst reports. Wedbush reissued an "outperform" rating and issued a $60.00 price target on shares of Okta in a report on Friday, May 29th. Wall Street Zen lowered Okta from a "buy" rating to a "hold" rating in a research note on Saturday, May 2nd. Wells Fargo & Company upgraded Okta from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $150.00 to $180.00 in a research report on Monday. HSBC downgraded shares of Okta from a "buy" rating to a "hold" rating in a research note on Monday, July 6th. Finally, Cantor Fitzgerald upped their target price on shares of Okta from $110.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $130.51.

Insider Transactions at Okta

In related news, insider Eric Robert Kelleher sold 3,977 shares of Okta stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $114.10, for a total value of $453,775.70. Following the transaction, the insider owned 19,618 shares in the company, valued at approximately $2,238,413.80. This trade represents a 16.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Larissa Schwartz sold 2,463 shares of the business's stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $120.00, for a total value of $295,560.00. Following the sale, the insider directly owned 25,241 shares of the company's stock, valued at approximately $3,028,920. This trade represents a 8.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 165,347 shares of company stock valued at $21,827,342. Corporate insiders own 4.61% of the company's stock.

Hedge Funds Weigh In On Okta

A number of large investors have recently modified their holdings of the company. Utah Retirement Systems increased its position in shares of Okta by 0.6% during the 4th quarter. Utah Retirement Systems now owns 28,605 shares of the company's stock worth $2,473,000 after purchasing an additional 163 shares in the last quarter. Kestra Advisory Services LLC boosted its position in Okta by 1.7% in the fourth quarter. Kestra Advisory Services LLC now owns 9,685 shares of the company's stock valued at $837,000 after buying an additional 166 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Okta by 3.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,745 shares of the company's stock worth $497,000 after buying an additional 173 shares during the last quarter. Diversify Advisory Services LLC grew its stake in Okta by 0.7% during the second quarter. Diversify Advisory Services LLC now owns 27,086 shares of the company's stock worth $2,708,000 after buying an additional 190 shares during the last quarter. Finally, CreativeOne Wealth LLC increased its holdings in shares of Okta by 10.3% during the third quarter. CreativeOne Wealth LLC now owns 2,868 shares of the company's stock worth $263,000 after buying an additional 267 shares in the last quarter. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

About Okta

Okta, Inc is a publicly traded provider of identity and access management solutions, headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, the company completed its initial public offering in April 2017. Under the leadership of McKinnon as chief executive officer and Kerrest as chief operating officer, Okta has grown into a leading vendor in the cybersecurity space, focusing on secure user authentication, single sign-on and lifecycle management for digital identities.

At the core of Okta's offering is the Okta Identity Cloud, a suite of cloud-native services that enable organizations to manage user access across web and mobile applications, on-premises systems and APIs.

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