Q2 Earnings Forecast for Okta Issued By Roth Capital

Okta, Inc. (NASDAQ:OKTA - Free Report) - Analysts at Roth Capital issued their Q2 2026 earnings estimates for Okta in a report released on Wednesday, May 28th. Roth Capital analyst I. Koujalgi expects that the company will earn $0.31 per share for the quarter. Roth Capital currently has a "Buy" rating and a $119.00 target price on the stock. The consensus estimate for Okta's current full-year earnings is $0.42 per share. Roth Capital also issued estimates for Okta's Q3 2026 earnings at $0.24 EPS, Q4 2026 earnings at $0.30 EPS, FY2026 earnings at $1.21 EPS, Q1 2027 earnings at $0.33 EPS, Q2 2027 earnings at $0.37 EPS, Q3 2027 earnings at $0.39 EPS, Q4 2027 earnings at $0.45 EPS and FY2027 earnings at $1.59 EPS.

OKTA has been the topic of a number of other research reports. Royal Bank of Canada dropped their price target on shares of Okta from $143.00 to $135.00 and set an "outperform" rating on the stock in a research report on Wednesday. Robert W. Baird lifted their target price on shares of Okta from $115.00 to $130.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th. BMO Capital Markets set a $132.00 target price on shares of Okta and gave the stock a "market perform" rating in a report on Wednesday. Oppenheimer lifted their price objective on Okta from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 4th. Finally, Barclays dropped their price objective on Okta from $135.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $121.59.

Okta Stock Down 3.6%

Shares of Okta stock traded down $3.83 during midday trading on Friday, reaching $102.80. 7,711,011 shares of the company's stock traded hands, compared to its average volume of 2,942,376. The company's 50 day simple moving average is $109.26 and its 200 day simple moving average is $96.97. 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 price-to-earnings-growth ratio of 6.42 and a beta of 0.96.

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

Insider Activity

In related news, Director Jacques Frederic Kerrest sold 130,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $105.00, for a total transaction of $13,650,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Eric Robert Kelleher sold 5,895 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $113.75, for a total value of $670,556.25. Following the sale, the insider now owns 9,828 shares in the company, valued at approximately $1,117,935. This trade represents a 37.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 154,452 shares of company stock worth $16,347,360. Company insiders own 5.68% of the company's stock.

Institutional Trading of Okta

Several hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new position in Okta in the fourth quarter valued at about $1,686,000. Charles Schwab Investment Management Inc. boosted its holdings in Okta by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,115,516 shares of the company's stock valued at $87,903,000 after acquiring an additional 46,064 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Okta by 46.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,833 shares of the company's stock valued at $854,000 after purchasing an additional 3,429 shares during the last quarter. Westpac Banking Corp boosted its stake in shares of Okta by 2,574.9% in the 4th quarter. Westpac Banking Corp now owns 9,817 shares of the company's stock valued at $774,000 after purchasing an additional 9,450 shares during the last quarter. Finally, Forsta AP Fonden boosted its stake in shares of Okta by 40.5% in the 4th quarter. Forsta AP Fonden now owns 73,900 shares of the company's stock valued at $5,823,000 after purchasing an additional 21,300 shares during the last quarter. 86.64% of the stock is owned by institutional investors.

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.