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 Trading Down 3.7 %

NASDAQ:OKTA opened at $87.16 on Tuesday. The stock has a market cap of $14.94 billion, a price-to-earnings ratio of -249.03, a PEG ratio of 6.42 and a beta of 1.03. 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 1 year low of $70.56 and a 1 year high of $114.50. The business has a fifty day moving average of $89.37 and a 200-day moving average of $82.38.

Wall Street Analyst Weigh In

Several research firms have commented on OKTA. Piper Sandler raised their target price on shares of Okta from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. BMO Capital Markets raised their price objective on shares of Okta from $103.00 to $105.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. DA Davidson upped their target price on Okta from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. UBS Group upped their price objective on Okta from $108.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Okta from a “buy” rating to a “hold” rating and dropped their price target for the stock from $115.00 to $85.00 in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Okta currently has a consensus rating of “Hold” and a consensus target price of $105.67.

Insider Buying and Selling

In related news, CFO Brett Tighe sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $89.00, for a total transaction of $445,000.00. Following the transaction, the chief financial officer now owns 112,533 shares of the company’s stock, valued at approximately $10,015,437. This trade represents a 4.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Larissa Schwartz sold 2,704 shares of Okta stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $80.50, for a total transaction of $217,672.00. Following the completion of the sale, the insider now owns 24,462 shares of the company’s stock, valued at $1,969,191. This trade represents a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 849,482 shares of company stock worth $74,422,216. Corporate 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.