Okta (NASDAQ:OKTA) Issues Q2 2027 Earnings Guidance

Okta (NASDAQ:OKTA) updated its second quarter 2027 earnings guidance on Thursday. The company provided EPS guidance of 0.950-0.970 for the period, compared to the consensus EPS estimate of 0.840. The company issued revenue guidance of $790.0 million-$794.0 million, compared to the consensus revenue estimate of $791.1 million. Okta also updated its FY 2027 guidance to 3.790-3.870 EPS.

Okta Price Performance

Okta stock opened at $123.27 on Friday. Okta has a 12-month low of $62.66 and a 12-month high of $124.79. The stock has a market capitalization of $21.80 billion, a P/E ratio of 89.33, a P/E/G ratio of 3.69 and a beta of 0.59. The firm’s 50-day moving average is $79.90 and its two-hundred day moving average is $82.97.

Okta (NASDAQ:OKTA) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.06. Okta had a net margin of 8.24% and a return on equity of 4.16%. The company had revenue of $765.00 million for the quarter, compared to analysts’ expectations of $751.84 million. During the same period last year, the company earned $0.86 EPS. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. Okta has set its FY 2027 guidance at 3.790-3.870 EPS and its Q2 2027 guidance at 0.950-0.970 EPS. As a group, analysts forecast that Okta will post 1.61 EPS for the current year.

Analyst Upgrades and Downgrades

OKTA has been the topic of several analyst reports. Seaport Research Partners cut shares of Okta to a “neutral” rating in a research note on Thursday, April 16th. Cantor Fitzgerald raised their price target on shares of Okta from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday. BMO Capital Markets raised their price target on shares of Okta from $95.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday. Jefferies Financial Group raised their price target on shares of Okta from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday. Finally, HSBC raised shares of Okta to a “buy” rating in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.86.

Insider Transactions at Okta

In related news, CEO Todd Mckinnon sold 11,263 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $81.01, for a total value of $912,415.63. Following the transaction, the chief executive officer owned 97,083 shares in the company, valued at approximately $7,864,693.83. This trade represents a 10.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Jonathan James Addison sold 23,304 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $77.79, for a total transaction of $1,812,818.16. Following the completion of the transaction, the executive owned 4,364 shares in the company, valued at $339,475.56. The trade was a 84.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 70,884 shares of company stock valued at $5,625,648 in the last three months. 4.61% of the stock is owned by company insiders.

Trending Headlines about Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta beat consensus on both revenue and earnings, reporting $765 million in revenue and $0.91 EPS, while also raising full-year and next-quarter guidance above expectations. Article Title
• Positive Sentiment: Management highlighted accelerating demand for identity tools tied to AI agents, suggesting a new growth tailwind for Okta’s security platform. Article Title
• Positive Sentiment: A broad list of brokerages raised price targets after the report, including JPMorgan, Barclays, Morgan Stanley, BTIG, Needham, BMO, Truist, RBC, and others, reinforcing the bullish post-earnings setup. Article Title
• Positive Sentiment: Multiple reports said investors are rethinking the “SaaSpocalypse” narrative, with software stocks rebounding sharply as Okta’s results showed resilient demand and improving execution. Article Title

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Invesco Ltd. raised its holdings in Okta by 19.1% in the fourth quarter. Invesco Ltd. now owns 548,741 shares of the company’s stock valued at $47,450,000 after buying an additional 88,112 shares during the period. Corient Private Wealth LLC raised its holdings in Okta by 515.8% in the fourth quarter. Corient Private Wealth LLC now owns 68,854 shares of the company’s stock valued at $5,954,000 after buying an additional 57,672 shares during the period. Beacon Pointe Advisors LLC raised its stake in shares of Okta by 17.8% during the fourth quarter. Beacon Pointe Advisors LLC now owns 97,190 shares of the company’s stock valued at $8,404,000 after purchasing an additional 14,664 shares during the period. Mackenzie Financial Corp raised its stake in shares of Okta by 37.0% during the fourth quarter. Mackenzie Financial Corp now owns 29,461 shares of the company’s stock valued at $2,571,000 after purchasing an additional 7,964 shares during the period. Finally, XTX Topco Ltd raised its stake in shares of Okta by 156.5% during the fourth quarter. XTX Topco Ltd now owns 20,798 shares of the company’s stock valued at $1,798,000 after purchasing an additional 12,689 shares during the period. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Okta Company Profile

Okta, Inc is a publicly traded provider of identity and access management solutions, headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, the company completed its initial public offering in April 2017. Under the leadership of McKinnon as chief executive officer and Kerrest as chief operating officer, Okta has grown into a leading vendor in the cybersecurity space, focusing on secure user authentication, single sign-on and lifecycle management for digital identities.

At the core of Okta’s offering is the Okta Identity Cloud, a suite of cloud-native services that enable organizations to manage user access across web and mobile applications, on-premises systems and APIs.