Okta (NASDAQ:OKTA) Releases Q4 2026 Earnings Guidance

Okta (NASDAQ:OKTA) issued an update on its fourth quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.840-0.850 for the period, compared to the consensus earnings per share estimate of 0.620. The company issued revenue guidance of $748.0 million-$750.0 million, compared to the consensus revenue estimate of $737.6 million. Okta also updated its FY 2026 guidance to 3.430-3.440 EPS.

Okta Stock Up 1.5%

Okta stock traded up $1.23 during midday trading on Tuesday, hitting $81.87. 8,691,104 shares of the stock were exchanged, compared to its average volume of 3,371,454. The stock has a market capitalization of $14.33 billion, a PE ratio of 96.32, a P/E/G ratio of 3.94 and a beta of 0.78. The company has a fifty day simple moving average of $87.26 and a two-hundred day simple moving average of $94.39. Okta has a 52 week low of $76.35 and a 52 week high of $127.57.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Bank of America reissued an “underperform” rating and set a $75.00 price target on shares of Okta in a research report on Wednesday, August 27th. Jefferies Financial Group set a $90.00 price objective on Okta and gave the stock a “hold” rating in a research note on Tuesday, November 25th. Sanford C. Bernstein reissued an “outperform” rating on shares of Okta in a research note on Monday. Cantor Fitzgerald lowered their price target on Okta from $130.00 to $115.00 and set an “overweight” rating for the company in a report on Monday, November 24th. Finally, Guggenheim reaffirmed a “buy” rating and set a $60.00 price target on shares of Okta in a research report on Friday, November 14th. Twenty-three research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.94.

Insider Buying and Selling at Okta

In other news, CEO Todd Mckinnon sold 31,968 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $92.33, for a total transaction of $2,951,605.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brett Tighe sold 10,000 shares of Okta stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $95.00, for a total transaction of $950,000.00. Following the completion of the sale, the chief financial officer owned 133,336 shares in the company, valued at $12,666,920. This trade represents a 6.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 64,975 shares of company stock valued at $6,011,126 in the last 90 days. 5.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new stake in Okta during the 1st quarter worth about $225,000. NewEdge Advisors LLC grew its holdings in shares of Okta by 853.4% in the 1st quarter. NewEdge Advisors LLC now owns 5,530 shares of the company’s stock valued at $582,000 after acquiring an additional 4,950 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Okta in the second quarter valued at about $244,000. Invesco Ltd. increased its position in shares of Okta by 34.1% in the second quarter. Invesco Ltd. now owns 430,844 shares of the company’s stock valued at $43,071,000 after acquiring an additional 109,614 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Okta by 122.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,621 shares of the company’s stock worth $162,000 after acquiring an additional 893 shares in the last quarter. 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.