Capital One Financial Predicts Okta Q1 Earnings

Okta, Inc. (NASDAQ:OKTA) – Capital One Financial issued their Q1 2027 earnings estimates for shares of Okta in a research note issued to investors on Tuesday, April 15th. Capital One Financial analyst C. Murphy forecasts that the company will post earnings of $0.26 per share for the quarter. The consensus estimate for Okta’s current full-year earnings is $0.42 per share. Capital One Financial also issued estimates for Okta’s Q2 2027 earnings at $0.33 EPS, Q3 2027 earnings at $0.32 EPS and Q4 2027 earnings at $0.44 EPS.

Several other equities research analysts have also issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Okta in a research note on Tuesday, March 4th. Stifel Nicolaus boosted their price objective on shares of Okta from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. BMO Capital Markets increased their target price on shares of Okta from $105.00 to $130.00 and gave the company a “market perform” rating in a research note on Monday, March 10th. KeyCorp lifted their price target on shares of Okta from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada increased their price objective on shares of Okta from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $116.03.

Okta Stock Down 2.0 %

Shares of NASDAQ:OKTA opened at $97.93 on Thursday. The company has a 50-day moving average price of $102.38 and a 200 day moving average price of $88.53. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06. Okta has a 12 month low of $70.56 and a 12 month high of $118.07. The company has a market cap of $17.00 billion, a price-to-earnings ratio of -279.80, a PEG ratio of 6.42 and a beta of 1.07.

Institutional Investors Weigh In On Okta

A number of large investors have recently modified their holdings of the business. Norges Bank purchased a new position in shares of Okta in the 4th quarter valued at approximately $234,992,000. Ameriprise Financial Inc. increased its stake in Okta by 2,135.7% during the 4th quarter. Ameriprise Financial Inc. now owns 1,914,254 shares of the company’s stock valued at $150,845,000 after purchasing an additional 1,828,630 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of Okta by 2,309.4% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,772,751 shares of the company’s stock worth $139,693,000 after buying an additional 1,699,176 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Okta by 236.8% during the fourth quarter. Point72 Asset Management L.P. now owns 2,236,942 shares of the company’s stock worth $176,271,000 after buying an additional 1,572,786 shares during the period. Finally, Sachem Head Capital Management LP acquired a new position in shares of Okta in the 4th quarter valued at $105,592,000. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Insider Buying and Selling at Okta

In other news, CFO Brett Tighe sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $89.00, for a total value of $445,000.00. Following the completion of the sale, the chief financial officer now owns 112,533 shares of the company’s stock, valued at $10,015,437. This trade represents a 4.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Larissa Schwartz sold 2,704 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $89.58, for a total value of $242,224.32. Following the transaction, the insider now directly owns 23,311 shares in the company, valued at $2,088,199.38. This represents a 10.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 768,202 shares of company stock valued at $71,371,369. 7.00% of the stock is currently owned by 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.