Brokers Issue Forecasts for Okta’s Q1 Earnings (NASDAQ:OKTA)

Okta, Inc. (NASDAQ:OKTA) – Research analysts at KeyCorp issued their Q1 2026 earnings estimates for shares of Okta in a research report issued on Thursday, December 19th. KeyCorp analyst E. Heath anticipates that the company will post earnings of $0.13 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $115.00 target price on the stock. The consensus estimate for Okta’s current full-year earnings is $0.40 per share. KeyCorp also issued estimates for Okta’s Q2 2026 earnings at $0.18 EPS, Q3 2026 earnings at $0.12 EPS and Q4 2026 earnings at $0.13 EPS.

A number of other research firms also recently commented on OKTA. Barclays lifted their price objective on shares of Okta from $81.00 to $96.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. Bank of America lowered shares of Okta from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $135.00 to $75.00 in a research note on Thursday, August 29th. The Goldman Sachs Group lifted their target price on Okta from $97.00 to $107.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Sanford C. Bernstein cut their price target on Okta from $129.00 to $124.00 and set an “outperform” rating on the stock in a report on Tuesday, December 17th. Finally, BTIG Research raised their target price on Okta from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $104.45.

Okta Trading Down 0.5 %

Shares of NASDAQ OKTA opened at $83.19 on Monday. The stock has a market capitalization of $14.26 billion, a P/E ratio of -237.69, a PEG ratio of 8.61 and a beta of 1.00. The stock’s 50 day moving average price is $77.83 and its two-hundred day moving average price is $83.20. 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 52-week low of $70.56 and a 52-week high of $114.50.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OKTA. Caprock Group LLC boosted its holdings in Okta by 4.7% during the second quarter. Caprock Group LLC now owns 2,856 shares of the company’s stock valued at $267,000 after purchasing an additional 129 shares in the last quarter. National Bank of Canada FI boosted its stake in Okta by 11.0% in the 2nd quarter. National Bank of Canada FI now owns 1,315 shares of the company’s stock valued at $124,000 after buying an additional 130 shares in the last quarter. Bleakley Financial Group LLC grew its position in Okta by 4.6% in the third quarter. Bleakley Financial Group LLC now owns 4,114 shares of the company’s stock valued at $306,000 after acquiring an additional 182 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in shares of Okta by 12.4% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,704 shares of the company’s stock worth $127,000 after acquiring an additional 188 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Okta by 105.5% during the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $28,000 after acquiring an additional 191 shares during the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Insider Buying and Selling at Okta

In other Okta news, CEO Todd Mckinnon sold 224,533 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $74.62, for a total value of $16,754,652.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jacques Frederic Kerrest sold 131,426 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $80.68, for a total transaction of $10,603,449.68. Following the completion of the sale, the director now owns 1,622 shares of the company’s stock, valued at approximately $130,862.96. The trade was a 98.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 371,397 shares of company stock worth $28,539,445 over the last ninety days. Company insiders own 7.00% 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.