Scotiabank Weighs in on Okta’s FY2026 Earnings (NASDAQ:OKTA)

Okta, Inc. (NASDAQ:OKTA) – Stock analysts at Scotiabank increased their FY2026 earnings per share estimates for Okta in a research note issued to investors on Thursday, December 4th. Scotiabank analyst P. Colville now expects that the company will post earnings per share of $1.25 for the year, up from their previous forecast of $1.16. Scotiabank currently has a “Sector Perform” rating and a $85.00 target price on the stock. The consensus estimate for Okta’s current full-year earnings is $0.42 per share.

Okta (NASDAQ:OKTA) last released its earnings results on Tuesday, December 2nd. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.06. The firm had revenue of $742.00 million for the quarter, compared to the consensus estimate of $730.23 million. Okta had a return on equity of 3.77% and a net margin of 6.87%.The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 earnings per share. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS.

OKTA has been the subject of several other research reports. JPMorgan Chase & Co. dropped their price target on shares of Okta from $140.00 to $115.00 and set an “overweight” rating for the company in a research report on Monday, December 1st. UBS Group restated a “buy” rating on shares of Okta in a report on Thursday. BTIG Research cut their target price on Okta from $142.00 to $116.00 and set a “buy” rating on the stock in a research report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on Okta from $110.00 to $85.00 and set a “hold” rating for the company in a research report on Wednesday, December 3rd. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $120.00 price objective on shares of Okta in a report on Wednesday, December 3rd. Twenty-three investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Okta currently has an average rating of “Moderate Buy” and a consensus target price of $112.91.

Okta Price Performance

Shares of OKTA stock opened at $87.29 on Monday. The firm’s 50-day simple moving average is $86.64 and its 200-day simple moving average is $93.00. Okta has a 1-year low of $75.05 and a 1-year high of $127.57. The firm has a market cap of $15.28 billion, a P/E ratio of 80.08, a PEG ratio of 4.05 and a beta of 0.78.

Insider Buying and Selling at Okta

In other news, CEO Todd Mckinnon sold 31,968 shares of the company’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $92.33, for a total value of $2,951,605.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brett Tighe sold 10,000 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $95.00, for a total transaction of $950,000.00. Following the sale, the chief financial officer directly owned 133,336 shares of the company’s stock, valued at approximately $12,666,920. The trade was a 6.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 64,975 shares of company stock worth $6,011,126. Insiders own 5.68% of the company’s stock.

Institutional Investors Weigh In On Okta

A number of hedge funds have recently bought and sold shares of OKTA. Pinnacle Bancorp Inc. bought a new stake in shares of Okta in the 2nd quarter worth about $26,000. Root Financial Partners LLC acquired a new position in Okta in the third quarter worth about $26,000. Harbour Investments Inc. increased its holdings in Okta by 152.4% in the first quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock valued at $27,000 after buying an additional 157 shares during the last quarter. Promus Capital LLC bought a new stake in Okta in the second quarter valued at about $27,000. Finally, Kiker Wealth Management LLC raised its stake in Okta by 1,159.3% during the second quarter. Kiker Wealth Management LLC now owns 340 shares of the company’s stock valued at $34,000 after buying an additional 313 shares in the last quarter. 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.