Q2 EPS Estimates for Okta Lifted by Capital One Financial

Okta, Inc. (NASDAQ:OKTA) – Equities researchers at Capital One Financial lifted their Q2 2026 earnings estimates for Okta in a note issued to investors on Thursday, February 6th. Capital One Financial analyst C. Murphy now anticipates that the company will earn $0.18 per share for the quarter, up from their previous estimate of $0.16. The consensus estimate for Okta’s current full-year earnings is $0.42 per share. Capital One Financial also issued estimates for Okta’s FY2026 earnings at $0.70 EPS.

A number of other brokerages have also weighed in on OKTA. Royal Bank of Canada reaffirmed an “outperform” rating and set a $101.00 target price on shares of Okta in a research report on Wednesday, December 4th. Truist Financial restated a “hold” rating and issued a $92.00 price objective (up from $80.00) on shares of Okta in a report on Wednesday, December 4th. Wells Fargo & Company increased their target price on shares of Okta from $80.00 to $95.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Scotiabank dropped their price objective on shares of Okta from $96.00 to $94.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. raised shares of Okta from a “neutral” rating to an “overweight” rating and set a $100.00 price objective for the company in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Okta currently has a consensus rating of “Hold” and a consensus target price of $104.87.

Okta Stock Down 1.9 %

Shares of OKTA opened at $95.78 on Monday. The firm has a fifty day moving average price of $86.61 and a 200-day moving average price of $82.08. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $16.41 billion, a P/E ratio of -273.66, a P/E/G ratio of 6.58 and a beta of 1.03. Okta has a 12-month low of $70.56 and a 12-month high of $114.50.

Institutional Investors Weigh In On Okta

Several hedge funds have recently modified their holdings of the company. EntryPoint Capital LLC lifted its position in shares of Okta by 94.1% during the 4th quarter. EntryPoint Capital LLC now owns 6,245 shares of the company’s stock valued at $492,000 after buying an additional 3,027 shares in the last quarter. Prudential Financial Inc. raised its position in Okta by 26.2% during the fourth quarter. Prudential Financial Inc. now owns 10,200 shares of the company’s stock worth $751,000 after acquiring an additional 2,115 shares during the period. Fox Run Management L.L.C. lifted its holdings in Okta by 300.7% during the fourth quarter. Fox Run Management L.L.C. now owns 22,517 shares of the company’s stock valued at $1,774,000 after purchasing an additional 16,897 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Okta in the fourth quarter valued at about $8,109,000. Finally, TD Private Client Wealth LLC increased its stake in shares of Okta by 3,507.7% during the fourth quarter. TD Private Client Wealth LLC now owns 469 shares of the company’s stock worth $37,000 after purchasing an additional 456 shares in the last quarter. 86.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Okta

In related news, CEO Todd Mckinnon sold 233,028 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $82.31, for a total transaction of $19,180,534.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jacques Frederic Kerrest sold 131,426 shares of Okta stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $80.68, for a total transaction of $10,603,449.68. Following the completion of the transaction, the director now directly owns 1,622 shares of the company’s stock, valued at $130,862.96. The trade was a 98.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 978,168 shares of company stock worth $84,758,269. 7.00% of the stock is owned by corporate insiders.

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.