Q2 EPS Estimates for Okta Lifted by Capital One Financial

Okta, Inc. (NASDAQ:OKTA - Free Report) - Equities research analysts at Capital One Financial lifted their Q2 2026 earnings per share estimates for Okta in a research note issued to investors on Tuesday, May 27th. Capital One Financial analyst C. Murphy now forecasts that the company will post earnings of $0.33 per share for the quarter, up from their previous estimate of $0.27. The consensus estimate for Okta's current full-year earnings is $0.42 per share. Capital One Financial also issued estimates for Okta's Q3 2026 earnings at $0.25 EPS, Q4 2026 earnings at $0.29 EPS, FY2026 earnings at $1.21 EPS, Q1 2027 earnings at $0.36 EPS, Q2 2027 earnings at $0.37 EPS, Q3 2027 earnings at $0.33 EPS, Q4 2027 earnings at $0.36 EPS and FY2027 earnings at $1.43 EPS.

Okta (NASDAQ:OKTA - Get Free Report) last posted its earnings results on Tuesday, May 27th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. Okta had a positive return on equity of 0.47% and a negative net margin of 1.54%. The firm had revenue of $688.00 million for the quarter, compared to analysts' expectations of $680.14 million. During the same period in the previous year, the firm earned $0.65 earnings per share. The business's revenue was up 11.5% compared to the same quarter last year.

Several other equities research analysts have also weighed in on OKTA. Jefferies Financial Group restated a "hold" rating and set a $135.00 price target (up from $110.00) on shares of Okta in a research report on Friday, May 23rd. Truist Financial lifted their price target on Okta from $92.00 to $100.00 and gave the company a "hold" rating in a research report on Tuesday, March 4th. Robert W. Baird lifted their price target on Okta from $115.00 to $130.00 and gave the company an "outperform" rating in a research report on Tuesday, March 4th. Westpark Capital restated a "buy" rating and set a $140.00 price target on shares of Okta in a research report on Wednesday. Finally, Mizuho dropped their price target on Okta from $135.00 to $130.00 and set an "outperform" rating on the stock 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 given a buy rating to the stock. According to MarketBeat, Okta has a consensus rating of "Moderate Buy" and an average target price of $121.59.

Okta Stock Down 3.6%

Shares of NASDAQ OKTA traded down $3.83 during mid-day trading on Friday, hitting $102.80. 7,711,011 shares of the stock traded hands, compared to its average volume of 2,942,376. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.34. Okta has a 52 week low of $70.56 and a 52 week high of $127.57. The company has a market cap of $17.85 billion, a price-to-earnings ratio of -293.71, a PEG ratio of 6.42 and a beta of 0.96. The stock has a fifty day moving average price of $109.26 and a 200-day moving average price of $96.97.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Bank of Jackson Hole Trust bought a new position in Okta in the fourth quarter valued at about $25,000. Wolff Wiese Magana LLC lifted its holdings in Okta by 167.4% in the first quarter. Wolff Wiese Magana LLC now owns 246 shares of the company's stock valued at $26,000 after acquiring an additional 154 shares during the period. Wayfinding Financial LLC bought a new position in Okta in the first quarter valued at about $27,000. Harbour Investments Inc. lifted its holdings in Okta by 152.4% in the first quarter. Harbour Investments Inc. now owns 260 shares of the company's stock valued at $27,000 after acquiring an additional 157 shares during the period. Finally, Rossby Financial LCC bought a new position in Okta in the first quarter valued at about $31,000. Institutional investors own 86.64% of the company's stock.

Insider Transactions 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 stock was sold at an average price of $101.19, for a total transaction of $708,835.95. Following the completion of the sale, the executive now owns 19,067 shares in the company, valued at approximately $1,929,389.73. This represents a 26.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eric Robert Kelleher sold 5,895 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $113.75, for a total value of $670,556.25. Following the completion of the transaction, the insider now directly owns 9,828 shares in the company, valued at approximately $1,117,935. This represents a 37.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 154,452 shares of company stock worth $16,347,360 over the last quarter. 5.68% of the stock is currently owned by insiders.

About Okta

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.