Roth Capital Issues Negative Estimate for Okta Earnings

Okta, Inc. (NASDAQ:OKTA) – Research analysts at Roth Capital reduced their Q3 2026 EPS estimates for shares of Okta in a report issued on Wednesday, August 27th. Roth Capital analyst I. Koujalgi now forecasts that the company will earn $0.20 per share for the quarter, down from their prior estimate of $0.24. Roth Capital has a “Buy” rating and a $119.00 price target on the stock. The consensus estimate for Okta’s current full-year earnings is $0.42 per share. Roth Capital also issued estimates for Okta’s Q4 2026 earnings at $0.28 EPS, FY2026 earnings at $1.16 EPS, Q1 2027 earnings at $0.28 EPS, Q2 2027 earnings at $0.35 EPS, Q3 2027 earnings at $0.35 EPS, Q4 2027 earnings at $0.40 EPS and FY2027 earnings at $1.41 EPS.

Several other research analysts have also commented on OKTA. Cantor Fitzgerald reissued an “overweight” rating and issued a $130.00 price objective on shares of Okta in a research report on Wednesday, August 27th. DA Davidson lowered their target price on Okta from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, May 28th. Arete Research raised Okta to a “strong sell” rating and set a $83.00 price target on the stock in a research report on Monday, July 7th. Bank of America restated an “underperform” rating and issued a $75.00 price target on shares of Okta in a report on Wednesday, August 27th. Finally, Truist Financial upgraded shares of Okta from a “hold” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $125.00 in a research note on Monday, August 25th. Twenty-two research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $118.25.

Okta Trading Up 0.2%

NASDAQ:OKTA opened at $92.77 on Monday. The firm’s fifty day simple moving average is $94.82 and its 200 day simple moving average is $102.28. Okta has a twelve month low of $70.56 and a twelve month high of $127.57. The firm has a market capitalization of $16.24 billion, a price-to-earnings ratio of 109.14, a PEG ratio of 4.52 and a beta of 0.83.

Okta (NASDAQ:OKTA) last released its quarterly earnings data on Tuesday, August 26th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.07. Okta had a net margin of 6.08% and a return on equity of 3.31%. The company had revenue of $728,000 billion during the quarter, compared to the consensus estimate of $711.84 million. During the same period in the previous year, the firm earned $0.72 earnings per share. Okta’s revenue for the quarter was up 12.7% on a year-over-year basis. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS.

Insider Activity at Okta

In related news, CRO Jonathan James Addison sold 9,000 shares of the company’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $100.00, for a total value of $900,000.00. Following the sale, the executive directly owned 7,067 shares of the company’s stock, valued at $706,700. This represents a 56.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Larissa Schwartz sold 2,244 shares of the firm’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $100.00, for a total transaction of $224,400.00. Following the transaction, the insider directly owned 23,640 shares of the company’s stock, valued at approximately $2,364,000. This represents a 8.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 88,594 shares of company stock worth $8,382,790. 5.68% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Okta

Large investors have recently modified their holdings of the stock. Centaurus Financial Inc. bought a new stake in Okta in the second quarter valued at about $132,000. Thrivent Financial for Lutherans lifted its holdings in Okta by 298.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 50,503 shares of the company’s stock worth $5,049,000 after buying an additional 37,820 shares during the last quarter. Promus Capital LLC acquired a new position in shares of Okta in the 2nd quarter worth approximately $27,000. State of Wyoming bought a new stake in shares of Okta in the 2nd quarter valued at approximately $84,000. Finally, Campbell Capital Management Inc. acquired a new stake in shares of Okta during the 2nd quarter valued at approximately $2,019,000. Institutional investors own 86.64% of the company’s stock.

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.