Okta (NASDAQ:OKTA) Updates FY 2026 Earnings Guidance

Okta (NASDAQ:OKTA) updated its FY 2026 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 3.150-3.200 for the period, compared to the consensus estimate of 2.940. The company issued revenue guidance of $2.9 billion-$2.9 billion, compared to the consensus revenue estimate of $2.8 billion. Okta also updated its Q1 2026 guidance to 0.760-0.770 EPS.

Okta Price Performance

Shares of Okta stock traded down $3.33 during trading on Monday, hitting $87.16. 6,744,715 shares of the company were exchanged, compared to its average volume of 2,547,443. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average price of $89.30 and a 200 day moving average price of $82.44. The stock has a market capitalization of $14.94 billion, a price-to-earnings ratio of -249.03, a P/E/G ratio of 6.42 and a beta of 1.03. Okta has a fifty-two week low of $70.56 and a fifty-two week high of $114.50.

Okta (NASDAQ:OKTA) last posted its quarterly earnings results on Monday, March 3rd. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.48). Okta had a negative net margin of 1.54% and a positive return on equity of 0.47%. On average, equities analysts expect that Okta will post 0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on OKTA shares. Citigroup increased their price objective on shares of Okta from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Westpark Capital reiterated a “buy” rating and issued a $140.00 price target on shares of Okta in a research note on Friday. The Goldman Sachs Group increased their target price on Okta from $97.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Stifel Nicolaus lifted their target price on Okta from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, Jefferies Financial Group dropped their price target on Okta from $100.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Okta has a consensus rating of “Hold” and a consensus price target of $105.67.

Insiders Place Their Bets

In related news, Director Jacques Frederic Kerrest sold 65,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $97.50, for a total value of $6,337,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Larissa Schwartz sold 2,704 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $80.50, for a total transaction of $217,672.00. Following the sale, the insider now owns 24,462 shares of the company’s stock, valued at approximately $1,969,191. The trade was a 9.95 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 849,482 shares of company stock valued at $74,422,216. Corporate insiders own 7.00% 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.