William Blair Analysts Lift Earnings Estimates for Okta

Okta, Inc. (NASDAQ:OKTA) – Research analysts at William Blair increased their Q2 2026 earnings per share estimates for shares of Okta in a research note issued on Wednesday, May 28th. William Blair analyst J. Ho now expects that the company will post earnings per share of $0.32 for the quarter, up from their prior estimate of $0.26. The consensus estimate for Okta’s current full-year earnings is $0.42 per share. William Blair also issued estimates for Okta’s Q4 2026 earnings at $0.32 EPS, FY2026 earnings at $1.21 EPS, Q1 2027 earnings at $0.32 EPS, Q2 2027 earnings at $0.35 EPS, Q4 2027 earnings at $0.46 EPS and FY2027 earnings at $1.51 EPS.

A number of other research analysts also recently weighed in on the company. Roth Capital reissued a “buy” rating and issued a $119.00 price objective on shares of Okta in a research note on Wednesday. Oppenheimer lifted their price target on Okta from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. KeyCorp lifted their price target on Okta from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Cantor Fitzgerald began coverage on Okta in a research report on Monday, March 31st. They issued an “overweight” rating and a $130.00 price target on the stock. Finally, Mizuho dropped their price target on Okta from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.59.

Okta Stock Up 1.3%

Shares of OKTA stock opened at $106.63 on Friday. The stock’s 50 day simple moving average is $109.53 and its 200 day simple moving average is $96.67. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.34. Okta has a twelve month low of $70.56 and a twelve month high of $127.57. The company has a market capitalization of $18.51 billion, a price-to-earnings ratio of -304.66, a PEG ratio of 6.42 and a beta of 0.96.

Okta (NASDAQ:OKTA) last issued its quarterly earnings data on Tuesday, May 27th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. Okta had a positive return on equity of 0.47% and a negative net margin of 1.54%. The business had revenue of $688.00 million for the quarter, compared to the consensus estimate of $680.14 million. During the same period last year, the business earned $0.65 EPS. The firm’s revenue was up 11.5% compared to the same quarter last year.

Insider Activity at Okta

In other Okta news, CRO Jonathan James Addison sold 7,005 shares of the business’s 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 transaction, the executive now owns 19,067 shares of the company’s stock, valued at approximately $1,929,389.73. The trade was a 26.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric Robert Kelleher sold 5,895 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $113.75, for a total value of $670,556.25. Following the completion of the transaction, the insider now directly owns 9,828 shares in the company, valued at approximately $1,117,935. This represents a 37.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 154,452 shares of company stock valued at $16,347,360 in the last 90 days. 5.68% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Okta

A number of institutional investors and hedge funds have recently bought and sold shares of OKTA. Wolff Wiese Magana LLC raised its position in shares of Okta by 167.4% during the first quarter. Wolff Wiese Magana LLC now owns 246 shares of the company’s stock worth $26,000 after acquiring an additional 154 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Okta during the first quarter worth $27,000. Harbour Investments Inc. raised its position in shares of Okta by 152.4% during the first quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock worth $27,000 after acquiring an additional 157 shares during the last quarter. Rossby Financial LCC bought a new stake in shares of Okta during the first quarter worth $31,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Okta during the fourth quarter worth $25,000. 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.