Okta (NASDAQ:OKTA) Releases Quarterly Earnings Results, Misses Expectations By $0.48 EPS

Okta (NASDAQ:OKTA) released its quarterly earnings results on Monday. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.48), Zacks reports. Okta had a negative net margin of 1.54% and a positive return on equity of 0.47%. Okta updated its Q1 2026 guidance to 0.760-0.770 EPS and its FY 2026 guidance to 3.150-3.200 EPS.

Okta Stock Performance

Okta stock traded down $3.33 during midday trading on Monday, reaching $87.16. 6,744,715 shares of the company traded hands, compared to its average volume of 2,547,443. 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 has a 12 month low of $70.56 and a 12 month high of $114.50. The firm has a market capitalization of $14.94 billion, a price-to-earnings ratio of -249.03, a price-to-earnings-growth ratio of 6.42 and a beta of 1.03. The business has a 50 day moving average of $89.30 and a two-hundred day moving average of $82.44.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OKTA. Guggenheim reaffirmed a “buy” rating and issued a $130.00 price target on shares of Okta in a research note on Wednesday, December 4th. Wells Fargo & Company raised their target price on shares of Okta from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Citigroup increased their price target on shares of Okta from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. DA Davidson raised their price objective on shares of Okta from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Finally, Sanford C. Bernstein decreased their target price on Okta from $129.00 to $124.00 and set an “outperform” rating for the company in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $105.67.

Insider Buying and Selling at Okta

In related news, CEO Todd Mckinnon sold 233,028 shares of Okta stock in a transaction on Friday, December 20th. The stock was sold at an average price of $82.31, for a total value of $19,180,534.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Larissa Schwartz sold 2,704 shares of the 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 directly 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. In the last ninety days, insiders sold 849,482 shares of company stock worth $74,422,216. 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.