Equities Analysts Offer Predictions for Okta Q1 Earnings

Okta, Inc. (NASDAQ:OKTA) – Analysts at Capital One Financial decreased their Q1 2026 earnings per share estimates for shares of Okta in a research report issued on Wednesday, October 16th. Capital One Financial analyst C. Murphy now forecasts that the company will earn $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 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.29. Okta had a negative return on equity of 1.10% and a negative net margin of 5.55%. The company had revenue of $646.00 million for the quarter, compared to analysts’ expectations of $632.24 million.

A number of other analysts have also weighed in on OKTA. Scotiabank lowered their price target on shares of Okta from $104.00 to $92.00 and set a “sector perform” rating for the company in a report on Thursday, August 29th. The Goldman Sachs Group cut their price target on Okta from $130.00 to $113.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Citigroup lowered their price objective on Okta from $115.00 to $110.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Guggenheim restated a “buy” rating and set a $130.00 target price on shares of Okta in a research report on Tuesday, June 25th. Finally, Wells Fargo & Company lowered their price target on shares of Okta from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $99.38.

Okta Trading Up 0.5 %

OKTA opened at $74.82 on Monday. Okta has a 1-year low of $65.04 and a 1-year high of $114.50. The firm has a 50-day moving average price of $80.44 and a two-hundred day moving average price of $89.20. The stock has a market capitalization of $12.59 billion, a PE ratio of -44.80, 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.

Hedge Funds Weigh In On Okta

Hedge funds have recently modified their holdings of the stock. Banque Cantonale Vaudoise boosted its position in Okta by 4.3% during the first quarter. Banque Cantonale Vaudoise now owns 2,933 shares of the company’s stock valued at $307,000 after purchasing an additional 122 shares during the last quarter. Caprock Group LLC raised its position in Okta by 4.7% during the second quarter. Caprock Group LLC now owns 2,856 shares of the company’s stock worth $267,000 after acquiring an additional 129 shares in the last quarter. National Bank of Canada FI lifted its stake in Okta by 11.0% in the second quarter. National Bank of Canada FI now owns 1,315 shares of the company’s stock valued at $124,000 after acquiring an additional 130 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Okta by 71.4% in the first quarter. EverSource Wealth Advisors LLC now owns 341 shares of the company’s stock valued at $36,000 after acquiring an additional 142 shares during the last quarter. Finally, CWM LLC grew its position in shares of Okta by 5.3% in the 2nd quarter. CWM LLC now owns 2,910 shares of the company’s stock valued at $272,000 after acquiring an additional 147 shares during the period. Institutional investors own 86.64% of the company’s stock.

Insider Activity at Okta

In other Okta news, CEO Todd Mckinnon sold 200,512 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 8,495 shares in the company, valued at approximately $638,908.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Okta news, CEO Todd Mckinnon sold 200,512 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 8,495 shares of the company’s stock, valued at $638,908.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Larissa Schwartz sold 2,790 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $74.01, for a total transaction 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 represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 251,260 shares of company stock valued at $19,004,347. 7.00% of the stock is owned by corporate 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.