DA Davidson Weighs in on Okta’s Q4 Earnings (NASDAQ:OKTA)

Okta, Inc. (NASDAQ:OKTA) – Equities researchers at DA Davidson issued their Q4 2025 earnings per share estimates for Okta in a research report issued on Wednesday, December 4th. DA Davidson analyst R. Kessinger anticipates that the company will post earnings of $0.14 per share for the quarter. DA Davidson has a “Neutral” rating and a $90.00 price objective on the stock. The consensus estimate for Okta’s current full-year earnings is $0.18 per share.

A number of other equities research analysts also recently weighed in on the company. Piper Sandler lifted their target price on Okta from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday. UBS Group lowered their target price on Okta from $120.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, August 29th. The Goldman Sachs Group lifted their target price on Okta from $97.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Company boosted their price objective on Okta from $80.00 to $95.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Canaccord Genuity Group boosted their price objective on Okta from $82.00 to $94.00 and gave the company a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $103.77.

Okta Trading Down 3.0 %

Shares of OKTA stock opened at $83.51 on Thursday. The company has a market cap of $14.19 billion, a P/E ratio of -247.03, a PEG ratio of 20.94 and a beta of 1.00. The stock has a 50 day simple moving average of $75.37 and a two-hundred day simple moving average of $84.29. 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 fifty-two week low of $70.56 and a fifty-two week high of $114.50.

Institutional Trading of Okta

A number of institutional investors have recently added to or reduced their stakes in OKTA. Marshall Wace LLP lifted its holdings in Okta by 117.4% during the 2nd quarter. Marshall Wace LLP now owns 2,273,700 shares of the company’s stock worth $212,841,000 after purchasing an additional 1,227,890 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Okta during the 3rd quarter worth about $49,373,000. Eminence Capital LP increased its stake in Okta by 18.1% in the 2nd quarter. Eminence Capital LP now owns 1,989,375 shares of the company’s stock worth $186,225,000 after acquiring an additional 305,381 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Okta by 232.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 396,538 shares of the company’s stock worth $29,479,000 after acquiring an additional 277,084 shares during the last quarter. Finally, Truist Financial Corp increased its stake in Okta by 62.5% in the 2nd quarter. Truist Financial Corp now owns 522,057 shares of the company’s stock worth $48,870,000 after acquiring an additional 200,770 shares during the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Insider Activity

In other news, Director Jacques Frederic Kerrest sold 131,426 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $80.68, for a total transaction of $10,603,449.68. Following the transaction, the director now owns 1,622 shares of the company’s stock, valued at $130,862.96. This represents a 98.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Larissa Schwartz sold 2,790 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $74.01, for a total value of $206,487.90. Following the transaction, the insider now directly owns 27,713 shares in the company, valued at $2,051,039.13. This represents a 9.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 607,215 shares of company stock valued at $46,304,810 in the last 90 days. Insiders own 7.00% 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.