Q2 EPS Estimates for Okta Lifted by Capital One Financial

Okta, Inc. (NASDAQ:OKTA) – Analysts at Capital One Financial lifted their Q2 2026 EPS estimates for shares of Okta in a report released on Tuesday, May 27th. Capital One Financial analyst C. Murphy now expects that the company will post earnings per share of $0.33 for the quarter, up from their prior estimate of $0.27. The consensus estimate for Okta’s current full-year earnings is $0.42 per share. Capital One Financial also issued estimates for Okta’s Q3 2026 earnings at $0.25 EPS, Q4 2026 earnings at $0.29 EPS, FY2026 earnings at $1.21 EPS, Q1 2027 earnings at $0.36 EPS, Q2 2027 earnings at $0.37 EPS, Q3 2027 earnings at $0.33 EPS, Q4 2027 earnings at $0.36 EPS and FY2027 earnings at $1.43 EPS.

A number of other brokerages also recently issued reports on OKTA. Barclays lowered their price target on Okta from $135.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday. DA Davidson reduced their price objective on shares of Okta from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday. Canaccord Genuity Group increased their target price on shares of Okta from $100.00 to $115.00 and gave the company a “hold” rating in a research report on Wednesday. Royal Bank of Canada reduced their price target on shares of Okta from $143.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Stifel Nicolaus raised their price objective on Okta from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.59.

Okta Trading Down 3.6%

OKTA opened at $102.80 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.34. Okta has a one year low of $70.56 and a one year high of $127.57. The company has a market cap of $17.85 billion, a P/E ratio of -293.71, a PEG ratio of 6.42 and a beta of 0.96. The business’s 50-day simple moving average is $109.26 and its 200-day simple moving average is $96.84.

Okta (NASDAQ:OKTA) last posted its earnings results on Tuesday, May 27th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.77 by $0.09. The firm had revenue of $688.00 million for the quarter, compared to analyst estimates of $680.14 million. Okta had a positive return on equity of 0.47% and a negative net margin of 1.54%. Okta’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 earnings per share.

Insider Buying and Selling at Okta

In other Okta news, Director Jacques Frederic Kerrest sold 130,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $105.00, for a total value of $13,650,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Jonathan James Addison sold 7,005 shares of the firm’s stock in a transaction on Friday, April 11th. The shares were sold at an average price of $101.19, for a total value of $708,835.95. Following the completion of the sale, the executive now directly owns 19,067 shares of the company’s stock, valued at approximately $1,929,389.73. This trade represents a 26.87% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 154,452 shares of company stock valued at $16,347,360. 5.68% of the stock is owned by company insiders.

Hedge Funds Weigh In On Okta

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Okta by 3.4% during the first quarter. Vanguard Group Inc. now owns 17,792,886 shares of the company’s stock worth $1,872,167,000 after buying an additional 582,956 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Okta by 325.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,699,944 shares of the company’s stock valued at $389,308,000 after buying an additional 2,830,582 shares in the last quarter. Marshall Wace LLP increased its holdings in Okta by 35.5% in the fourth quarter. Marshall Wace LLP now owns 3,583,937 shares of the company’s stock valued at $282,414,000 after buying an additional 938,509 shares in the last quarter. Norges Bank purchased a new stake in shares of Okta during the 4th quarter worth approximately $234,992,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Okta by 76.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,748,847 shares of the company’s stock worth $289,234,000 after acquiring an additional 1,189,222 shares in the last quarter. 86.64% of the stock is 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.