Okta (NASDAQ:OKTA) Releases FY 2026 Earnings Guidance

Okta (NASDAQ:OKTA) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 3.330-3.380 for the period, compared to the consensus estimate of 3.283. The company issued revenue guidance of $2.9 billion-$2.9 billion, compared to the consensus revenue estimate of $2.9 billion. Okta also updated its Q3 2026 guidance to 0.740-0.750 EPS.

Okta Stock Performance

Okta stock opened at $93.03 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.47 and a quick ratio of 1.47. Okta has a 1-year low of $70.56 and a 1-year high of $127.57. The firm has a market capitalization of $16.29 billion, a P/E ratio of 109.45, a price-to-earnings-growth ratio of 4.43 and a beta of 0.80. The company’s 50-day moving average is $95.20 and its 200 day moving average is $102.32.

Okta (NASDAQ:OKTA) last posted its quarterly earnings data on Tuesday, August 26th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.07. The company had revenue of $728,000 billion for the quarter, compared to analyst estimates of $711.84 million. Okta had a net margin of 6.08% and a return on equity of 3.35%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 EPS. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS. Research analysts forecast that Okta will post 0.42 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on OKTA. Citigroup reissued a “market perform” rating on shares of Okta in a report on Wednesday. Truist Financial raised 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 report on Monday. BTIG Research reissued a “buy” rating on shares of Okta in a report on Thursday, May 22nd. DA Davidson cut their price target on shares of Okta from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, May 28th. Finally, Wall Street Zen raised Okta from a “hold” rating to a “buy” rating in a research report on Sunday, August 3rd. Twenty-two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.25.

Insider Activity

In related news, insider Eric Robert Kelleher sold 16,018 shares of the firm’s stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $91.81, for a total transaction of $1,470,612.58. Following the completion of the transaction, the insider owned 7,044 shares of the company’s stock, valued at $646,709.64. This trade represents a 69.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Jonathan James Addison sold 9,000 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $100.00, for a total transaction of $900,000.00. Following the transaction, the executive directly owned 7,067 shares of the company’s stock, valued at approximately $706,700. This trade represents a 56.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 88,594 shares of company stock valued at $8,382,790 over the last quarter. Insiders own 5.68% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Wyoming purchased a new position in Okta in the second quarter valued at $84,000. EverSource Wealth Advisors LLC increased its holdings in Okta by 122.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,621 shares of the company’s stock valued at $162,000 after buying an additional 893 shares in the last quarter. Rakuten Securities Inc. increased its holdings in Okta by 194.5% in the second quarter. Rakuten Securities Inc. now owns 1,808 shares of the company’s stock valued at $181,000 after buying an additional 1,194 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Okta in the first quarter valued at $225,000. Finally, Eventide Asset Management LLC increased its holdings in Okta by 33.5% in the second quarter. Eventide Asset Management LLC now owns 2,840 shares of the company’s stock valued at $280,000 after buying an additional 713 shares in the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

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.