Q4 EPS Estimates for Okta Lifted by Capital One Financial

Okta, Inc. (NASDAQ:OKTA) – Research analysts at Capital One Financial boosted their Q4 2026 earnings per share estimates for shares of Okta in a report released on Wednesday, October 16th. Capital One Financial analyst C. Murphy now expects that the company will earn $0.27 per share for the quarter, up from their previous forecast of $0.22. The consensus estimate for Okta’s current full-year earnings is $0.19 per share.

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

OKTA has been the subject of several other reports. Wells Fargo & Company reduced their target price on Okta from $90.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday. BTIG Research decreased their target price on shares of Okta from $128.00 to $98.00 and set a “buy” rating for the company in a research report on Thursday. Guggenheim reaffirmed a “buy” rating and issued a $130.00 price target on shares of Okta in a research report on Tuesday, June 25th. Susquehanna decreased their price objective on Okta from $110.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Finally, The Goldman Sachs Group lowered their price objective on Okta from $130.00 to $113.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Okta presently has a consensus rating of “Hold” and an average price target of $99.38.

Okta Trading Up 0.5 %

OKTA opened at $74.82 on Friday. The company has a market cap of $12.71 billion, a P/E ratio of -89.07, a price-to-earnings-growth ratio of 18.05 and a beta of 1.02. The company has a fifty day moving average price of $80.44 and a two-hundred day moving average price of $89.20. 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 1-year low of $65.04 and a 1-year high of $114.50.

Insider Activity at Okta

In other Okta news, CEO Todd Mckinnon sold 92,729 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $94.92, for a total value of $8,801,836.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Larissa Schwartz sold 2,790 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $74.01, for a total transaction of $206,487.90. Following the completion of the transaction, the insider now 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Todd Mckinnon sold 92,729 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $94.92, for a total transaction of $8,801,836.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 343,989 shares of company stock valued at $27,806,184. Corporate insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On Okta

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its stake in Okta by 4.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 232,432 shares of the company’s stock worth $17,279,000 after purchasing an additional 10,761 shares during the last quarter. Resonant Capital Advisors LLC raised its holdings in shares of Okta by 7.7% during the 3rd quarter. Resonant Capital Advisors LLC now owns 3,978 shares of the company’s stock valued at $296,000 after buying an additional 283 shares in the last quarter. Alta Wealth Advisors LLC bought a new stake in Okta in the 3rd quarter worth approximately $223,000. Slow Capital Inc. lifted its position in Okta by 7.2% in the 3rd quarter. Slow Capital Inc. now owns 30,785 shares of the company’s stock worth $2,289,000 after buying an additional 2,071 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Okta by 105.5% in the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $28,000 after buying an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 86.64% 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.