Scotiabank Has Bullish Estimate for Okta FY2027 Earnings

Okta, Inc. (NASDAQ:OKTA) – Equities researchers at Scotiabank raised their FY2027 EPS estimates for Okta in a report released on Friday, August 28th. Scotiabank analyst P. Colville now anticipates that the company will post earnings of $1.91 per share for the year, up from their prior estimate of $1.74. The consensus estimate for Okta’s current full-year earnings is $1.77 per share.

Other research analysts have also recently issued reports about the company. BMO Capital Markets lifted their price target on Okta from $168.00 to $187.00 and gave the company an “outperform” rating in a report on Thursday. HSBC lowered shares of Okta from a “buy” rating to a “hold” rating in a report on Monday, July 6th. Cantor Fitzgerald boosted their target price on shares of Okta from $170.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 27th. Weiss Ratings upgraded shares of Okta from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. Finally, Stifel Nicolaus set a $180.00 price target on shares of Okta in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Okta has a consensus rating of “Moderate Buy” and an average price target of $172.92.

Okta Stock Performance

Shares of OKTA stock opened at $173.04 on Tuesday. The stock’s fifty day moving average is $142.48 and its 200-day moving average is $106.25. The stock has a market capitalization of $30.08 billion, a PE ratio of 104.24, a PEG ratio of 5.76 and a beta of 0.77. Okta has a 52 week low of $62.66 and a 52 week high of $174.85.

Okta (NASDAQ:OKTA) last released its quarterly earnings results on Wednesday, August 26th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.09. Okta had a return on equity of 4.50% and a net margin of 9.63%.The firm had revenue of $805.00 million during the quarter, compared to analysts’ expectations of $793.00 million. During the same period last year, the firm posted $0.91 EPS. The business’s revenue was up 10.6% on a year-over-year basis. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS.

Insider Transactions at Okta

In other Okta news, insider Larissa Schwartz sold 2,463 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $120.00, for a total transaction of $295,560.00. Following the transaction, the insider directly owned 25,241 shares in the company, valued at approximately $3,028,920. This represents a 8.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric Robert Kelleher sold 3,977 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $114.10, for a total transaction of $453,775.70. Following the completion of the transaction, the insider directly owned 19,618 shares in the company, valued at $2,238,413.80. This trade represents a 16.86% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 140,376 shares of company stock valued at $18,477,982 in the last three months. Company insiders own 4.61% of the company’s stock.

Institutional Investors Weigh In On Okta

Institutional investors have recently modified their holdings of the business. Washington Trust Advisors Inc. lifted its holdings in Okta by 64.2% in the second quarter. Washington Trust Advisors Inc. now owns 197 shares of the company’s stock valued at $27,000 after buying an additional 77 shares during the period. CX Institutional raised its position in shares of Okta by 5.1% during the 2nd quarter. CX Institutional now owns 2,633 shares of the company’s stock valued at $359,000 after acquiring an additional 127 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Okta by 10.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,333 shares of the company’s stock valued at $105,000 after acquiring an additional 129 shares during the last quarter. SteelPeak Wealth LLC lifted its stake in shares of Okta by 2.8% in the 1st quarter. SteelPeak Wealth LLC now owns 5,166 shares of the company’s stock valued at $407,000 after purchasing an additional 140 shares during the period. Finally, Utah Retirement Systems lifted its stake in shares of Okta by 0.6% in the 4th quarter. Utah Retirement Systems now owns 28,605 shares of the company’s stock valued at $2,473,000 after purchasing an additional 163 shares during the period. Institutional investors and hedge funds own 86.64% of the company’s stock.

Trending Headlines about Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta reported fiscal Q2 revenue of $805 million, up 11% year over year, while non-GAAP EPS of $1.05 exceeded the $0.96 consensus estimate. Subscription backlog also remained strong, with remaining performance obligations increasing 17%, supporting expectations for continued demand. Okta gains as investors continue to digest strong quarterly results and a higher outlook
• Positive Sentiment: Management raised fiscal 2027 guidance to $3.216 billion–$3.226 billion in revenue and $3.90–$3.94 in non-GAAP EPS, reinforcing investor confidence in the company’s earnings trajectory. Why Okta Stock Skyrocketed This Week
• Positive Sentiment: Analyst sentiment has improved following the earnings report. Needham raised its price target to a Street-high $200, while other coverage highlights Okta’s margins, free cash flow, enterprise demand, and potential to secure AI agents and non-human identities. Okta Stock Just Got a New Street-High Price Target
• Positive Sentiment: The acquisition of Permiso Security adds cloud-native identity threat-detection capabilities and strengthens Okta’s positioning in the growing AI identity-security market. OKTA’s AI Security Push Gains Momentum Against CRWD and MSFT
• Neutral Sentiment: Institutional positioning was mixed, with 451 investors adding shares and 441 reducing positions in the latest quarter. A broader digital-identity market report points to long-term demand from passkeys, biometrics, and fraud prevention, but does not represent a direct company catalyst. Global Digital Identity and Trust Infrastructure Market 2026
• Negative Sentiment: Valuation and execution risks remain. Okta trades at a premium after its recent rally, while Microsoft and CrowdStrike intensify competition in identity and cybersecurity. Reported insider activity was also heavily weighted toward sales, including transactions by senior executives.

About Okta

Okta, Inc is a publicly traded provider of identity and access management solutions, headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, the company completed its initial public offering in April 2017. Under the leadership of McKinnon as chief executive officer and Kerrest as chief operating officer, Okta has grown into a leading vendor in the cybersecurity space, focusing on secure user authentication, single sign-on and lifecycle management for digital identities.

At the core of Okta’s offering is the Okta Identity Cloud, a suite of cloud-native services that enable organizations to manage user access across web and mobile applications, on-premises systems and APIs.