Capital One Financial Has Negative View of Okta Q1 Earnings

Okta, Inc. (NASDAQ:OKTA) – Equities researchers at Capital One Financial cut their Q1 2026 earnings per share (EPS) estimates for Okta in a report issued on Wednesday, October 16th. Capital One Financial analyst C. Murphy now forecasts that the company will post earnings of $0.12 per share for the quarter, down from their prior forecast of $0.18. The consensus estimate for Okta’s current full-year earnings is $0.19 per share. Capital One Financial also issued estimates for Okta’s Q2 2026 earnings at $0.20 EPS, Q3 2026 earnings at $0.17 EPS and FY2026 earnings at $0.76 EPS.

Okta (NASDAQ:OKTA) last announced its earnings results on Wednesday, August 28th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.29. The company had revenue of $646.00 million for the quarter, compared to analysts’ expectations of $632.24 million. Okta had a negative net margin of 5.55% and a negative return on equity of 1.10%.

A number of other research firms have also issued reports on OKTA. The Goldman Sachs Group dropped their price target on Okta from $130.00 to $113.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Westpark Capital reaffirmed a “buy” rating and issued a $140.00 target price on shares of Okta in a research note on Thursday, August 29th. Stifel Nicolaus lowered their price target on shares of Okta from $122.00 to $108.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Royal Bank of Canada cut their price objective on shares of Okta from $125.00 to $101.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Finally, BTIG Research decreased their target price on shares of Okta from $128.00 to $98.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Okta has a consensus rating of “Hold” and a consensus price target of $99.38.

Okta Stock Performance

OKTA opened at $74.04 on Monday. The firm has a market capitalization of $12.46 billion, a PE ratio of -44.31, a PEG ratio of 18.05 and a beta of 1.02. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18. Okta has a twelve month low of $65.04 and a twelve month high of $114.50. The firm’s 50-day moving average price is $80.44 and its 200 day moving average price is $89.11.

Insider Buying and Selling at Okta

In other news, insider Larissa Schwartz sold 2,790 shares of Okta stock in a transaction on Monday, September 16th. The shares were sold at an average price of $74.01, for a total transaction of $206,487.90. Following the completion of the sale, the insider now directly owns 27,713 shares of the company’s stock, valued at approximately $2,051,039.13. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Okta news, insider Larissa Schwartz sold 2,790 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $74.01, for a total value of $206,487.90. Following the transaction, the insider now directly owns 27,713 shares in the company, valued at $2,051,039.13. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Jonathan James Addison sold 9,850 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $77.63, for a total transaction of $764,655.50. Following the sale, the executive now owns 14,601 shares of the company’s stock, valued at $1,133,475.63. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 251,260 shares of company stock valued at $19,004,347. Insiders own 7.00% of the company’s stock.

Institutional Trading of Okta

A number of large investors have recently made changes to their positions in OKTA. B. Riley Wealth Advisors Inc. lifted its stake in Okta by 19.5% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 3,405 shares of the company’s stock valued at $308,000 after buying an additional 556 shares during the last quarter. SG Americas Securities LLC raised its position in Okta by 122.3% in the 3rd quarter. SG Americas Securities LLC now owns 17,021 shares of the company’s stock valued at $1,265,000 after purchasing an additional 9,364 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Okta by 28.6% during the 1st quarter. Principal Financial Group Inc. now owns 13,144 shares of the company’s stock worth $1,375,000 after purchasing an additional 2,925 shares during the period. Truist Financial Corp grew its position in Okta by 62.5% during the 2nd quarter. Truist Financial Corp now owns 522,057 shares of the company’s stock worth $48,870,000 after purchasing an additional 200,770 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in Okta by 14.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 229,105 shares of the company’s stock valued at $23,976,000 after purchasing an additional 28,183 shares during the period. 86.64% of the stock is owned by institutional investors and hedge funds.

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.