DA Davidson Comments on Okta’s Q1 Earnings (NASDAQ:OKTA)

Okta, Inc. (NASDAQ:OKTA) – Analysts at DA Davidson issued their Q1 2026 earnings per share (EPS) estimates for Okta in a report issued on Tuesday, March 4th. DA Davidson analyst R. Kessinger expects that the company will post earnings per share of $0.19 for the quarter. DA Davidson has a “Buy” rating and a $125.00 price objective on the stock. The consensus estimate for Okta’s current full-year earnings is $0.42 per share.

Several other brokerages have also weighed in on OKTA. BTIG Research increased their target price on shares of Okta from $98.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Stifel Nicolaus increased their price objective on shares of Okta from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday. Robert W. Baird boosted their target price on Okta from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday. Royal Bank of Canada raised their price target on Okta from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Mizuho upgraded Okta from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $110.00 to $127.00 in a report on Tuesday. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, Okta currently has an average rating of “Moderate Buy” and an average target price of $113.10.

Okta Stock Performance

NASDAQ OKTA opened at $116.31 on Wednesday. The stock has a market cap of $19.93 billion, a PE ratio of -332.31, a P/E/G ratio of 6.42 and a beta of 1.09. Okta has a twelve month low of $70.56 and a twelve month high of $116.75. The stock has a fifty day simple moving average of $89.88 and a 200-day simple moving average of $82.47. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06.

Insider Activity at Okta

In other Okta news, CFO Brett Tighe sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $89.00, for a total value of $445,000.00. Following the completion of the sale, the chief financial officer now owns 112,533 shares in the company, valued at approximately $10,015,437. The trade was a 4.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Larissa Schwartz sold 2,704 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $80.50, for a total value of $217,672.00. Following the completion of the sale, the insider now directly owns 24,462 shares of the company’s stock, valued at $1,969,191. The trade was a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 849,482 shares of company stock valued at $74,422,216 over the last ninety days. Insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On Okta

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Frank Rimerman Advisors LLC boosted its position in Okta by 2.4% during the fourth quarter. Frank Rimerman Advisors LLC now owns 4,465 shares of the company’s stock worth $352,000 after purchasing an additional 105 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Okta by 1.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 7,873 shares of the company’s stock worth $620,000 after buying an additional 136 shares during the last quarter. Stephens Inc. AR boosted its position in shares of Okta by 5.0% in the 4th quarter. Stephens Inc. AR now owns 3,296 shares of the company’s stock worth $260,000 after buying an additional 157 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Okta by 3.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 5,646 shares of the company’s stock valued at $445,000 after acquiring an additional 171 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Okta by 2.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,135 shares of the company’s stock valued at $605,000 after acquiring an additional 180 shares in the last quarter. 86.64% of the stock is owned by hedge funds and other institutional investors.

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.