Research Analysts Issue Forecasts for Okta Q1 Earnings

Okta, Inc. (NASDAQ:OKTA) – Research analysts at William Blair issued their Q1 2027 earnings estimates for Okta in a research note issued to investors on Tuesday, March 4th. William Blair analyst J. Ho forecasts that the company will earn $0.33 per share for the quarter. The consensus estimate for Okta’s current full-year earnings is $0.42 per share. William Blair also issued estimates for Okta’s Q2 2027 earnings at $0.37 EPS, Q3 2027 earnings at $0.37 EPS, Q4 2027 earnings at $0.48 EPS and FY2027 earnings at $1.55 EPS.

OKTA has been the topic of a number of other research reports. BMO Capital Markets lifted their target price on Okta from $103.00 to $105.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Citigroup boosted their price target on Okta from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday. Westpark Capital reissued a “buy” rating and issued a $140.00 price objective on shares of Okta in a report on Friday, February 28th. JPMorgan Chase & Co. boosted their target price on shares of Okta from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Finally, The Goldman Sachs Group increased their price target on shares of Okta from $107.00 to $123.00 and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, Okta currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.10.

Okta Price Performance

NASDAQ OKTA opened at $116.31 on Thursday. The firm’s 50 day moving average is $89.88 and its 200-day moving average is $82.47. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.06. Okta has a 12-month low of $70.56 and a 12-month high of $116.75. The company has a market capitalization of $19.93 billion, a PE ratio of -332.31, a price-to-earnings-growth ratio of 6.42 and a beta of 1.09.

Insider Activity

In other news, insider Larissa Schwartz sold 2,704 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $80.50, for a total transaction of $217,672.00. Following the completion of the transaction, the insider now directly owns 24,462 shares in the company, valued at $1,969,191. This trade represents a 9.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brett Tighe sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $89.00, for a total value of $445,000.00. Following the completion of the sale, the chief financial officer now owns 112,533 shares in the company, valued at $10,015,437. The trade was a 4.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 849,482 shares of company stock valued at $74,422,216 over the last quarter. 7.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in OKTA. Itau Unibanco Holding S.A. acquired a new position in Okta in the third quarter valued at approximately $25,000. Bank of Jackson Hole Trust acquired a new position in shares of Okta during the 4th quarter valued at $25,000. Legacy Investment Solutions LLC bought a new position in Okta during the third quarter worth $32,000. TD Private Client Wealth LLC grew its holdings in Okta by 3,507.7% in the fourth quarter. TD Private Client Wealth LLC now owns 469 shares of the company’s stock worth $37,000 after purchasing an additional 456 shares during the period. Finally, University of Texas Texas AM Investment Management Co. acquired a new position in shares of Okta during the fourth quarter valued at about $40,000. 86.64% of the stock is owned by institutional investors and hedge funds.

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.