William Blair Predicts Okta’s FY2025 Earnings (NASDAQ:OKTA)

Okta, Inc. (NASDAQ:OKTA) – Analysts at William Blair increased their FY2025 earnings per share (EPS) estimates for Okta in a report issued on Wednesday, December 4th. William Blair analyst J. Ho now expects that the company will post earnings per share of $0.40 for the year, up from their previous forecast of $0.21. The consensus estimate for Okta’s current full-year earnings is $0.20 per share. William Blair also issued estimates for Okta’s Q1 2026 earnings at $0.09 EPS, Q2 2026 earnings at $0.14 EPS, Q3 2026 earnings at $0.14 EPS, Q4 2026 earnings at $0.22 EPS and FY2026 earnings at $0.59 EPS.

A number of other equities research analysts also recently issued reports on OKTA. Bank of America downgraded shares of Okta from a “buy” rating to an “underperform” rating and reduced their price target for the company from $135.00 to $75.00 in a research note on Thursday, August 29th. BTIG Research raised their price target on Okta from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Robert W. Baird boosted their price objective on Okta from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Royal Bank of Canada restated an “outperform” rating and set a $101.00 target price on shares of Okta in a report on Wednesday, December 4th. Finally, Canaccord Genuity Group raised their price objective on shares of Okta from $82.00 to $94.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $103.77.

Okta Stock Up 1.5 %

Shares of OKTA opened at $84.79 on Monday. The company’s 50-day moving average price is $75.77 and its 200 day moving average price is $83.92. Okta has a 12-month low of $70.56 and a 12-month high of $114.50. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18. The firm has a market cap of $14.40 billion, a P/E ratio of -242.26, a price-to-earnings-growth ratio of 22.07 and a beta of 1.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Itau Unibanco Holding S.A. purchased a new position in shares of Okta during the third quarter valued at approximately $25,000. Future Financial Wealth Managment LLC acquired a new position in Okta in the third quarter valued at $26,000. Blue Trust Inc. grew its holdings in Okta by 105.5% in the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $28,000 after buying an additional 191 shares during the period. Legacy Investment Solutions LLC acquired a new position in shares of Okta during the 3rd quarter valued at about $32,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of Okta during the 2nd quarter valued at about $47,000. 86.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Okta news, CEO Todd Mckinnon sold 200,512 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $75.21, for a total transaction of $15,080,507.52. Following the sale, the chief executive officer now directly owns 8,495 shares in the company, valued at approximately $638,908.95. The trade was a 95.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Larissa Schwartz sold 2,790 shares of Okta stock in a transaction on Monday, September 16th. The stock was 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 of the company’s stock, valued at $2,051,039.13. This trade represents a 9.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 607,215 shares of company stock valued at $46,304,810 over the last quarter. Company insiders own 7.00% of the company’s stock.

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.