Q1 EPS Estimates for Okta Decreased by Capital One Financial

Okta, Inc. (NASDAQ:OKTA) – Investment analysts at Capital One Financial decreased their Q1 2026 earnings per share (EPS) estimates for shares of Okta in a report issued on Wednesday, October 16th. Capital One Financial analyst C. Murphy now expects that the company will post earnings per share of $0.12 for the quarter, down from their previous forecast of $0.18. The consensus estimate for Okta’s current full-year earnings is $0.19 per share. Capital One Financial also issued estimates for Okta’s Q2 2026 earnings at $0.20 EPS, Q3 2026 earnings at $0.17 EPS and FY2026 earnings at $0.76 EPS.

Several other equities research analysts have also recently issued reports on the company. Robert W. Baird cut their price target on Okta from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday. JPMorgan Chase & Co. cut their target price on Okta from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Needham & Company LLC began coverage on Okta in a research report on Thursday. They issued a “buy” rating and a $100.00 price target on the stock. Citigroup dropped their price target on Okta from $115.00 to $110.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Finally, DA Davidson reduced their price objective on shares of Okta from $85.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Okta has an average rating of “Hold” and a consensus price target of $99.38.

Okta Stock Performance

Shares of NASDAQ:OKTA opened at $74.82 on Monday. Okta has a 12-month low of $65.04 and a 12-month high of $114.50. The company’s 50 day moving average price is $80.44 and its two-hundred day moving average price is $89.20. The firm has a market cap of $12.59 billion, a PE ratio of -44.80, a PEG ratio of 18.05 and a beta of 1.02. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.18.

Okta (NASDAQ:OKTA) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.29. Okta had a negative net margin of 5.55% and a negative return on equity of 1.10%. The business had revenue of $646.00 million for the quarter, compared to the consensus estimate of $632.24 million.

Institutional Trading of Okta

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. boosted its stake in Okta by 19.5% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 3,405 shares of the company’s stock worth $308,000 after acquiring an additional 556 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Okta by 122.3% in the third quarter. SG Americas Securities LLC now owns 17,021 shares of the company’s stock valued at $1,265,000 after acquiring an additional 9,364 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Okta by 28.6% during the 1st quarter. Principal Financial Group Inc. now owns 13,144 shares of the company’s stock valued at $1,375,000 after purchasing an additional 2,925 shares during the last quarter. Truist Financial Corp raised its position in Okta by 62.5% in the second 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 period. Finally, CANADA LIFE ASSURANCE Co raised its holdings in shares of Okta by 14.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 229,105 shares of the company’s stock worth $23,976,000 after purchasing an additional 28,183 shares during the period. Institutional investors and hedge funds own 86.64% of the company’s stock.

Insider Activity

In other news, CRO Jonathan James Addison sold 9,850 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $77.63, for a total value of $764,655.50. Following the completion of the transaction, the executive now owns 14,601 shares of the company’s stock, valued at $1,133,475.63. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Larissa Schwartz sold 2,797 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $77.63, for a total value of $217,131.11. Following the completion of the sale, the insider now owns 24,916 shares of the company’s stock, valued at approximately $1,934,229.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Jonathan James Addison sold 9,850 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $77.63, for a total value of $764,655.50. Following the transaction, the executive now owns 14,601 shares of the company’s stock, valued at $1,133,475.63. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 251,260 shares of company stock valued at $19,004,347. 7.00% of the stock is currently owned by corporate insiders.

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.