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

Okta, Inc. (NASDAQ:OKTA) – Investment analysts at William Blair upped their FY2025 earnings estimates for shares of Okta in a research note issued on Wednesday, December 4th. William Blair analyst J. Ho now anticipates that the company will post earnings of $0.40 per share for the year, up from their prior estimate 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.

Several other research firms have also issued reports on OKTA. Robert W. Baird upped their price target on shares of Okta from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Barclays increased their target price on Okta from $81.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. Guggenheim reissued a “buy” rating and set a $130.00 price objective on shares of Okta in a research note on Wednesday, December 4th. Stifel Nicolaus lifted their target price on shares of Okta from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, Truist Financial reiterated a “hold” rating and set a $92.00 price target (up from $80.00) on shares of Okta in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $103.77.

Okta Price Performance

Shares of Okta stock opened at $84.79 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 1.83. Okta has a 52-week low of $70.56 and a 52-week high of $114.50. The company has a fifty day moving average of $75.77 and a 200-day moving average of $83.92. The stock has a market capitalization of $14.40 billion, a price-to-earnings ratio of -242.26, a price-to-earnings-growth ratio of 22.07 and a beta of 1.00.

Insider Activity

In other news, Director Jacques Frederic Kerrest sold 131,426 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $80.68, for a total value of $10,603,449.68. Following the sale, the director now owns 1,622 shares in the company, valued at $130,862.96. This represents a 98.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Larissa Schwartz sold 2,790 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $74.01, for a total value of $206,487.90. Following the completion of the transaction, the insider now directly owns 27,713 shares of the company’s stock, valued at approximately $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 a total of 607,215 shares of company stock worth $46,304,810 over the last 90 days. 7.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Okta

Institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP increased its holdings in Okta by 117.4% in the 2nd quarter. Marshall Wace LLP now owns 2,273,700 shares of the company’s stock worth $212,841,000 after acquiring an additional 1,227,890 shares in the last quarter. Eminence Capital LP lifted its holdings in Okta by 18.1% in the 2nd quarter. Eminence Capital LP now owns 1,989,375 shares of the company’s stock valued at $186,225,000 after purchasing an additional 305,381 shares in the last quarter. Primecap Management Co. CA boosted its stake in Okta by 0.8% during the 2nd quarter. Primecap Management Co. CA now owns 1,356,216 shares of the company’s stock worth $126,955,000 after purchasing an additional 10,800 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Okta by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,069,452 shares of the company’s stock worth $79,503,000 after buying an additional 17,950 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Okta by 20.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,029,753 shares of the company’s stock valued at $96,388,000 after buying an additional 178,011 shares during the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Okta Company Profile

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.