Okta (NASDAQ:OKTA) Issues Q2 2026 Earnings Guidance

Okta (NASDAQ:OKTA) updated its second quarter 2026 earnings guidance on Tuesday. The company provided EPS guidance of 0.830-0.840 for the period. The company issued revenue guidance of $710.0 million-$712.0 million. Okta also updated its FY 2026 guidance to 3.230-3.280 EPS.

Okta Price Performance

Shares of NASDAQ OKTA opened at $125.50 on Wednesday. The stock has a fifty day moving average of $109.90 and a 200-day moving average of $96.42. 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 fifty-two week low of $70.56 and a fifty-two week high of $127.57. The stock has a market cap of $21.79 billion, a PE ratio of -358.57, a price-to-earnings-growth ratio of 6.42 and a beta of 0.96.

Okta (NASDAQ:OKTA) last announced its earnings results on Tuesday, May 27th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. The company had revenue of $688.00 million during the quarter, compared to the consensus estimate of $680.14 million. Okta had a positive return on equity of 0.47% and a negative net margin of 1.54%. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 earnings per share. Equities research analysts anticipate that Okta will post 0.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on OKTA shares. KeyCorp lifted their target price on Okta from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. BTIG Research restated a “buy” rating on shares of Okta in a research note on Thursday, May 22nd. BMO Capital Markets increased their price objective on shares of Okta from $130.00 to $135.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 14th. Canaccord Genuity Group increased their target price on shares of Okta from $94.00 to $100.00 and gave the stock a “hold” rating in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada boosted their price target on Okta from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Okta presently has an average rating of “Moderate Buy” and a consensus price target of $120.17.

Insider Transactions at Okta

In related news, Director Jacques Frederic Kerrest sold 130,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $105.00, for a total value of $13,650,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Eric Robert Kelleher sold 5,895 shares of Okta stock in a transaction on Monday, March 17th. The stock was sold at an average price of $113.75, for a total transaction of $670,556.25. Following the transaction, the insider now directly owns 9,828 shares in the company, valued at $1,117,935. This represents a 37.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 154,452 shares of company stock worth $16,347,360 over the last three months. 5.68% of the stock is owned by company insiders.

Hedge Funds Weigh In On Okta

An institutional investor recently raised its position in Okta stock. NewEdge Advisors LLC lifted its position in Okta, Inc. (NASDAQ:OKTA) by 853.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,530 shares of the company’s stock after purchasing an additional 4,950 shares during the quarter. NewEdge Advisors LLC’s holdings in Okta were worth $582,000 at the end of the most recent quarter. 86.64% of the stock is currently 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.