Okta, Inc. to Post FY2025 Earnings of $0.23 Per Share, DA Davidson Forecasts (NASDAQ:OKTA)

Okta, Inc. (NASDAQ:OKTA) – Equities research analysts at DA Davidson raised their FY2025 earnings per share (EPS) estimates for shares of Okta in a research note issued on Thursday, August 29th. DA Davidson analyst R. Kessinger now expects that the company will post earnings of $0.23 per share for the year, up from their prior estimate of ($0.27). DA Davidson currently has a “Neutral” rating and a $85.00 price target on the stock. The consensus estimate for Okta’s current full-year earnings is ($0.24) per share. DA Davidson also issued estimates for Okta’s FY2026 earnings at $0.45 EPS.

Other equities analysts have also issued reports about the company. Stifel Nicolaus decreased their target price on Okta from $122.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. BMO Capital Markets increased their target price on Okta from $100.00 to $103.00 and gave the company a “market perform” rating in a report on Thursday, August 29th. Westpark Capital restated a “buy” rating and set a $140.00 target price on shares of Okta in a report on Thursday, August 29th. UBS Group lowered their price target on Okta from $120.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, Wedbush reaffirmed an “outperform” rating and set a $130.00 price target on shares of Okta in a research report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $106.00.

Okta Stock Performance

NASDAQ:OKTA opened at $76.04 on Monday. The firm has a market cap of $12.79 billion, a price-to-earnings ratio of -45.53 and a beta of 1.03. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.73 and a current ratio of 1.73. The business’s fifty day moving average is $92.62 and its 200 day moving average is $95.35. Okta has a 52-week low of $65.04 and a 52-week high of $114.50.

Insider Activity at Okta

In other Okta news, Director Jacques Frederic Kerrest sold 26,618 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $100.29, for a total transaction of $2,669,519.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Jacques Frederic Kerrest sold 26,618 shares of Okta stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $100.29, for a total value of $2,669,519.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Todd Mckinnon sold 179,687 shares of Okta stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $93.42, for a total value of $16,786,359.54. Following the completion of the transaction, the chief executive officer now owns 47,883 shares of the company’s stock, valued at approximately $4,473,229.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 365,051 shares of company stock worth $34,411,773. Corporate insiders own 7.00% of the company’s stock.

Institutional Trading of Okta

A number of large investors have recently modified their holdings of the company. City State Bank raised its stake in Okta by 160.0% in the first quarter. City State Bank now owns 260 shares of the company’s stock worth $27,000 after buying an additional 160 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Okta in the 4th quarter valued at $29,000. EverSource Wealth Advisors LLC increased its position in shares of Okta by 71.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 341 shares of the company’s stock valued at $36,000 after acquiring an additional 142 shares during the period. Venturi Wealth Management LLC increased its position in shares of Okta by 50.4% in the 1st quarter. Venturi Wealth Management LLC now owns 391 shares of the company’s stock valued at $41,000 after acquiring an additional 131 shares during the period. Finally, First Command Advisory Services Inc. purchased a new stake in Okta in the second quarter valued at $47,000. Hedge funds and other institutional investors 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.