Okta (OKTA) to Release Earnings on Tuesday

Okta (NASDAQ:OKTA - Get Free Report) is expected to post its Q1 2026 quarterly earnings results after the market closes on Tuesday, May 27th. Analysts expect the company to announce earnings of $0.77 per share and revenue of $680.14 million for the quarter.

Okta Trading Down 0.7%

OKTA opened at $126.44 on Tuesday. The firm has a market cap of $21.95 billion, a price-to-earnings ratio of -361.26, a price-to-earnings-growth ratio of 6.42 and a beta of 0.96. Okta has a 52 week low of $70.56 and a 52 week high of $127.57. The business's 50 day moving average is $108.50 and its two-hundred day moving average is $94.53. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.06.

Insiders Place Their Bets

In related news, CRO Jonathan James Addison sold 7,005 shares of the firm's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $101.19, for a total transaction of $708,835.95. Following the completion of the transaction, the executive now owns 19,067 shares of the company's stock, valued at $1,929,389.73. This trade represents a 26.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jacques Frederic Kerrest sold 130,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $105.00, for a total value of $13,650,000.00. The disclosure for this sale can be found here. Insiders have sold 154,452 shares of company stock valued at $16,347,360 over the last three months. Company insiders own 5.68% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Okta stock. NewEdge Advisors LLC boosted its position in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) by 853.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,530 shares of the company's stock after buying 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 quarter. Institutional investors own 86.64% of the company's stock.

Analyst Upgrades and Downgrades

OKTA has been the topic of a number of recent research reports. Morgan Stanley dropped their target price on Okta from $125.00 to $123.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Stephens started coverage on Okta in a research note on Tuesday, April 1st. They issued an "equal weight" rating and a $127.00 price target on the stock. BTIG Research reiterated a "buy" rating on shares of Okta in a research report on Tuesday, March 4th. Barclays boosted their target price on Okta from $105.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Finally, Susquehanna boosted their price target on Okta from $95.00 to $105.00 and gave the stock a "neutral" rating in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.74.

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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