What is DA Davidson’s Forecast for Okta Q1 Earnings?

Okta, Inc. (NASDAQ:OKTA) – Analysts at DA Davidson issued their Q1 2026 earnings estimates for Okta in a research note issued to investors on Tuesday, March 4th. DA Davidson analyst R. Kessinger forecasts that the company will earn $0.19 per share for the quarter. DA Davidson has a “Buy” rating and a $125.00 price objective on the stock. The consensus estimate for Okta’s current full-year earnings is $0.42 per share.

A number of other equities research analysts have also commented on OKTA. Piper Sandler raised their price target on Okta from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Truist Financial boosted their price objective on shares of Okta from $92.00 to $100.00 and gave the company a “hold” rating in a research report on Tuesday. BTIG Research increased their target price on Okta from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Susquehanna boosted their price target on Okta from $95.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Jefferies Financial Group increased their price objective on Okta from $90.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.10.

Okta Price Performance

OKTA opened at $108.31 on Wednesday. The company has a fifty day simple moving average of $89.88 and a 200 day simple moving average of $82.47. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.06. The stock has a market cap of $18.56 billion, a P/E ratio of -309.46, a P/E/G ratio of 6.42 and a beta of 1.09. Okta has a 12 month low of $70.56 and a 12 month high of $114.50.

Institutional Trading of Okta

Large investors have recently modified their holdings of the stock. Marshall Wace LLP grew its holdings in Okta by 35.5% in the fourth quarter. Marshall Wace LLP now owns 3,583,937 shares of the company’s stock worth $282,414,000 after purchasing an additional 938,509 shares during the period. Norges Bank acquired a new stake in shares of Okta in the 4th quarter valued at about $234,992,000. Geode Capital Management LLC increased its position in Okta by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 2,700,216 shares of the company’s stock valued at $212,385,000 after buying an additional 135,110 shares in the last quarter. Point72 Asset Management L.P. raised its stake in Okta by 236.8% during the 4th quarter. Point72 Asset Management L.P. now owns 2,236,942 shares of the company’s stock worth $176,271,000 after buying an additional 1,572,786 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Okta by 2,135.7% in the fourth quarter. Ameriprise Financial Inc. now owns 1,914,254 shares of the company’s stock worth $150,845,000 after acquiring an additional 1,828,630 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Insider Transactions at Okta

In related news, Director Jacques Frederic Kerrest sold 390,000 shares of Okta stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $87.09, for a total transaction of $33,965,100.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Larissa Schwartz sold 2,704 shares of the business’s stock in a transaction 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 transaction, the insider now owns 24,462 shares in the company, valued at approximately $1,969,191. The trade was a 9.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 849,482 shares of company stock worth $74,422,216. 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.