Okta (NASDAQ:OKTA) Issues Q2 2026 Earnings Guidance

Okta (NASDAQ:OKTA) issued an update on its second quarter 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.830-0.840 for the period. The company issued revenue guidance of $710.0 million-$712.0 million.

Okta Stock Performance

Shares of OKTA traded up $1.78 during mid-day trading on Tuesday, hitting $125.50. The stock had a trading volume of 8,575,017 shares, compared to its average volume of 2,826,910. Okta has a 52 week low of $70.56 and a 52 week high of $127.91. 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 has a fifty day moving average price of $109.64 and a 200-day moving average price of $96.21. The firm has a market cap of $21.79 billion, a P/E ratio of -358.57, a PEG ratio of 6.42 and a beta of 0.96.

Okta (NASDAQ:OKTA) last announced its quarterly earnings data on Tuesday, May 27th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.35). Okta had a negative net margin of 1.54% and a positive return on equity of 0.47%. On average, equities research analysts expect that Okta will post 0.42 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $115.00 target price on shares of Okta in a research note on Tuesday, March 4th. DA Davidson increased their price objective on Okta from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. Canaccord Genuity Group lifted their price objective on Okta from $94.00 to $100.00 and gave the company a “hold” rating in a research note on Tuesday, March 4th. Guggenheim restated a “buy” rating and set a $140.00 target price (up from $130.00) on shares of Okta in a research report on Tuesday, May 20th. Finally, Loop Capital began coverage on Okta in a report on Monday, May 5th. They issued a “buy” rating and a $140.00 price target on the stock. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $120.17.

Insider Buying and Selling at Okta

In other news, CRO Jonathan James Addison sold 7,005 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $101.19, for a total value of $708,835.95. Following the sale, the executive now directly owns 19,067 shares of the company’s stock, valued at approximately $1,929,389.73. This represents a 26.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jacques Frederic Kerrest sold 130,000 shares of Okta stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $105.00, for a total value of $13,650,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 154,452 shares of company stock valued at $16,347,360. Corporate insiders own 5.68% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Okta stock. NewEdge Advisors LLC increased its position in Okta, Inc. (NASDAQ:OKTA) by 853.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,530 shares of the company’s stock after acquiring an additional 4,950 shares during the period. NewEdge Advisors LLC’s holdings in Okta were worth $582,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 86.64% of the company’s stock.

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.