Okta (NASDAQ:OKTA) Updates FY 2026 Earnings Guidance

Okta (NASDAQ:OKTA) issued an update on its FY 2026 earnings guidance on Monday morning. The company provided EPS guidance of 3.150-3.200 for the period, compared to the consensus EPS estimate of 2.940. The company issued revenue guidance of $2.9 billion-$2.9 billion, compared to the consensus revenue estimate of $2.8 billion. Okta also updated its Q1 2026 guidance to 0.760-0.770 EPS.

Okta Price Performance

NASDAQ OKTA opened at $108.31 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.34 and a quick ratio of 1.34. The business’s fifty day moving average price is $89.88 and its 200-day moving average price is $82.47. The stock has a market capitalization of $18.56 billion, a price-to-earnings ratio of -309.46, a PEG ratio of 6.42 and a beta of 1.09. Okta has a 1-year low of $70.56 and a 1-year high of $114.50.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Morgan Stanley raised shares of Okta from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $92.00 to $97.00 in a research report on Monday, December 2nd. JPMorgan Chase & Co. boosted their price objective on Okta from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Canaccord Genuity Group raised their price objective on Okta from $82.00 to $94.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Truist Financial raised their price objective on Okta from $92.00 to $100.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Oppenheimer lifted their price target on shares of Okta from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, Okta has an average rating of “Moderate Buy” and an average target price of $113.10.

Insider Transactions at Okta

In other news, insider Larissa Schwartz sold 2,704 shares of the company’s stock in a transaction that occurred on 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. The trade was a 9.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Todd Mckinnon sold 233,028 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $82.31, for a total transaction of $19,180,534.68. The disclosure for this sale can be found here. Insiders have sold a total of 849,482 shares of company stock worth $74,422,216 in the last three months. 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.