Q2 EPS Estimates for Okta Increased by Capital One Financial

Okta, Inc. (NASDAQ:OKTA) – Research analysts at Capital One Financial upped their Q2 2026 EPS estimates for Okta in a research note issued to investors on Tuesday, May 27th. Capital One Financial analyst C. Murphy now anticipates that the company will post earnings of $0.33 per share for the quarter, up from their prior forecast of $0.27. The consensus estimate for Okta’s current full-year earnings is $0.42 per share. Capital One Financial also issued estimates for Okta’s Q3 2026 earnings at $0.25 EPS, Q4 2026 earnings at $0.29 EPS, FY2026 earnings at $1.21 EPS, Q1 2027 earnings at $0.36 EPS, Q2 2027 earnings at $0.37 EPS, Q3 2027 earnings at $0.33 EPS, Q4 2027 earnings at $0.36 EPS and FY2027 earnings at $1.43 EPS.

Several other research firms have also recently weighed in on OKTA. Evercore ISI lifted their target price on Okta from $122.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday. Robert W. Baird lifted their target price on Okta from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Tuesday, March 4th. Roth Capital reaffirmed a “buy” rating and set a $119.00 target price on shares of Okta in a research note on Wednesday. Jefferies Financial Group reaffirmed a “hold” rating and set a $135.00 target price (up previously from $110.00) on shares of Okta in a research note on Friday, May 23rd. Finally, Cantor Fitzgerald started coverage on Okta in a research note on Monday, March 31st. They set an “overweight” rating and a $130.00 target price on the stock. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $121.59.

Okta Price Performance

NASDAQ OKTA opened at $106.63 on Friday. The stock’s 50-day moving average price is $109.53 and its two-hundred day moving average price is $96.67. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06. The company has a market cap of $18.51 billion, a PE ratio of -304.66, a PEG ratio of 6.42 and a beta of 0.96. Okta has a 1 year low of $70.56 and a 1 year high of $127.57.

Okta (NASDAQ:OKTA) last issued its quarterly earnings results on Tuesday, May 27th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. Okta had a negative net margin of 1.54% and a positive return on equity of 0.47%. The firm had revenue of $688.00 million for the quarter, compared to analysts’ expectations of $680.14 million. During the same period in the previous year, the business earned $0.65 earnings per share. Okta’s revenue for the quarter was up 11.5% compared to the same quarter last year.

Insider Activity

In other news, insider Eric Robert Kelleher sold 5,895 shares of Okta stock in a transaction dated 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 owns 9,828 shares in the company, valued at $1,117,935. The trade was a 37.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Jonathan James Addison sold 7,005 shares of Okta stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $101.19, for a total value of $708,835.95. Following the transaction, the executive now owns 19,067 shares in the company, valued at $1,929,389.73. This trade represents a 26.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 154,452 shares of company stock worth $16,347,360 in the last 90 days. Corporate insiders own 5.68% of the company’s stock.

Institutional Investors Weigh In On Okta

Several institutional investors have recently bought and sold shares of OKTA. Norges Bank bought a new stake in Okta in the 4th quarter valued at approximately $234,992,000. Massachusetts Financial Services Co. MA lifted its stake in Okta by 325.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,699,944 shares of the company’s stock valued at $389,308,000 after acquiring an additional 2,830,582 shares in the last quarter. Alkeon Capital Management LLC bought a new stake in Okta in the 1st quarter valued at approximately $199,918,000. Ameriprise Financial Inc. increased its position in shares of Okta by 2,135.7% during the 4th quarter. Ameriprise Financial Inc. now owns 1,914,254 shares of the company’s stock worth $150,845,000 after purchasing an additional 1,828,630 shares during the last quarter. Finally, Ninety One UK Ltd acquired a new position in shares of Okta during the 1st quarter worth approximately $189,915,000. Institutional investors own 86.64% of the company’s stock.

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.