Scotiabank Forecasts Okta’s FY2026 Earnings (NASDAQ:OKTA)

Okta, Inc. (NASDAQ:OKTA) – Investment analysts at Scotiabank issued their FY2026 EPS estimates for shares of Okta in a report released on Wednesday, January 8th. Scotiabank analyst P. Colville forecasts that the company will post earnings per share of $0.70 for the year. Scotiabank has a “Sector Perform” rating and a $96.00 price objective on the stock. The consensus estimate for Okta’s current full-year earnings is $0.40 per share.

Several other research firms also recently issued reports on OKTA. DA Davidson increased their price objective on Okta from $75.00 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. BMO Capital Markets raised their price target on Okta from $103.00 to $105.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Truist Financial reissued a “hold” rating and set a $92.00 price objective (up from $80.00) on shares of Okta in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft lowered shares of Okta from a “buy” rating to a “hold” rating and reduced their target price for the company from $115.00 to $85.00 in a research note on Tuesday, November 12th. Finally, Mizuho dropped their price target on shares of Okta from $104.00 to $92.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $104.45.

Okta Price Performance

OKTA opened at $85.46 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $14.64 billion, a P/E ratio of -244.17, a price-to-earnings-growth ratio of 8.61 and a beta of 1.00. The company’s 50 day simple moving average is $79.91 and its 200-day simple moving average is $82.75. Okta has a one year low of $70.56 and a one year high of $114.50.

Insider Transactions at Okta

In other Okta news, insider Larissa Schwartz sold 2,704 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $80.50, for a total transaction of $217,672.00. Following the transaction, the insider now owns 24,462 shares of the company’s stock, valued at $1,969,191. The trade was a 9.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Todd Mckinnon sold 233,028 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $82.31, for a total value of $19,180,534.68. The disclosure for this sale can be found here. Insiders have sold a total of 607,129 shares of company stock valued at $47,937,652 over the last 90 days. 7.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OKTA. Itau Unibanco Holding S.A. bought a new position in Okta during the third quarter worth about $25,000. Future Financial Wealth Managment LLC bought a new position in shares of Okta during the 3rd quarter worth approximately $26,000. Blue Trust Inc. increased its holdings in shares of Okta by 105.5% during the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $28,000 after acquiring an additional 191 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in Okta in the 3rd quarter valued at $32,000. Finally, Modus Advisors LLC acquired a new stake in Okta during the 4th quarter valued at $44,000. 86.64% of the stock is currently 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.