Okta (NASDAQ:OKTA) Updates Q1 2026 Earnings Guidance

Okta (NASDAQ:OKTA) updated its first quarter 2026 earnings guidance on Monday. The company provided earnings per share guidance of 0.760-0.770 for the period, compared to the consensus earnings per share estimate of 0.700. The company issued revenue guidance of $678.0 million-$680.0 million, compared to the consensus revenue estimate of $669.4 million. Okta also updated its FY 2026 guidance to 3.150-3.200 EPS.

Okta Price Performance

Shares of NASDAQ OKTA traded down $3.33 during mid-day trading on Monday, reaching $87.16. 6,888,644 shares of the company traded hands, compared to its average volume of 2,547,443. Okta has a fifty-two week low of $70.56 and a fifty-two week high of $114.50. The firm has a market cap of $14.94 billion, a PE ratio of -249.03, a price-to-earnings-growth ratio of 6.42 and a beta of 1.03. The stock has a fifty day simple moving average of $89.30 and a 200-day simple moving average of $82.44. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.34 and a quick ratio of 1.34.

Okta (NASDAQ:OKTA) last issued its quarterly earnings results on Monday, March 3rd. The company reported $0.25 earnings per share (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%. Equities research analysts anticipate that Okta will post 0.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OKTA. KeyCorp upped their price target on shares of Okta from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Stifel Nicolaus increased their target price on shares of Okta from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. DA Davidson raised their target price on shares of Okta from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Wells Fargo & Company upped their price target on Okta from $80.00 to $95.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft lowered Okta from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $115.00 to $85.00 in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $105.67.

Insider Transactions at Okta

In other news, Director Jacques Frederic Kerrest sold 390,000 shares of Okta stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $87.09, for a total value of $33,965,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Larissa Schwartz sold 2,704 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $80.50, for a total value of $217,672.00. Following the completion of the transaction, the insider now owns 24,462 shares in the company, valued at approximately $1,969,191. This represents a 9.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 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.