Okta (NASDAQ:OKTA) Releases FY 2025 Earnings Guidance

Okta (NASDAQ:OKTA) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.750-2.760 for the period, compared to the consensus estimate of 2.610. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion. Okta also updated its Q4 guidance to $0.73-$0.74 EPS.

Okta Stock Up 1.1 %

OKTA traded up $0.86 during trading on Tuesday, reaching $81.71. The stock had a trading volume of 7,999,645 shares, compared to its average volume of 2,383,638. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.83 and a quick ratio of 1.83. The stock’s 50 day moving average is $75.03 and its two-hundred day moving average is $84.42. Okta has a one year low of $70.56 and a one year high of $114.50.

Wall Street Analysts Forecast Growth

Several research firms recently commented on OKTA. Westpark Capital reissued a “buy” rating and set a $140.00 price objective on shares of Okta in a research note on Thursday, August 29th. Stifel Nicolaus cut their price target on Okta from $122.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Barclays began coverage on Okta in a research note on Tuesday, November 19th. They set an “equal weight” rating and a $81.00 price objective for the company. Scotiabank cut their target price on Okta from $104.00 to $92.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 29th. Finally, Wells Fargo & Company lowered their price target on Okta from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $98.62.

Insider Buying and Selling

In related news, insider Larissa Schwartz sold 2,791 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $71.50, for a total value of $199,556.50. Following the completion of the sale, the insider now directly owns 22,125 shares of the company’s stock, valued at approximately $1,581,937.50. This represents a 11.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Todd Mckinnon sold 200,512 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $75.21, for a total transaction of $15,080,507.52. Following the completion of the sale, the chief executive officer now directly owns 8,495 shares of the company’s stock, valued at $638,908.95. This represents a 95.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 475,789 shares of company stock valued at $35,701,361. 7.00% of the stock is owned by corporate insiders.

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.