Cantor Fitzgerald Predicts Okta FY2026 Earnings

Okta, Inc. (NASDAQ:OKTA) – Stock analysts at Cantor Fitzgerald issued their FY2026 EPS estimates for Okta in a research report issued on Monday, June 9th. Cantor Fitzgerald analyst J. Ruykhaver forecasts that the company will post earnings per share of $1.28 for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $130.00 target price on the stock. The consensus estimate for Okta’s current full-year earnings is $0.42 per share.

OKTA has been the subject of a number of other reports. Mizuho cut their price target on shares of Okta from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday, May 28th. Oppenheimer boosted their target price on shares of Okta from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, March 4th. BMO Capital Markets set a $132.00 target price on shares of Okta and gave the company a “market perform” rating in a research note on Wednesday, May 28th. Roth Capital restated a “buy” rating and issued a $119.00 price target on shares of Okta in a research report on Wednesday, May 28th. Finally, Citigroup upped their price target on Okta from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, Okta currently has an average rating of “Moderate Buy” and an average price target of $121.59.

Okta Trading Down 0.3%

Shares of Okta stock opened at $100.18 on Thursday. The business has a fifty day simple moving average of $109.13 and a 200-day simple moving average of $98.55. Okta has a fifty-two week low of $70.56 and a fifty-two week high of $127.57. The firm has a market cap of $17.54 billion, a price-to-earnings ratio of -286.23, a price-to-earnings-growth ratio of 6.42 and a beta of 0.84. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.06.

Okta (NASDAQ:OKTA) last released its earnings results on Tuesday, May 27th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. Okta had a positive return on equity of 0.47% and a negative net margin of 1.54%. The firm had revenue of $688.00 million during the quarter, compared to the consensus estimate of $680.14 million. During the same period in the prior year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year.

Insider Buying and Selling at Okta

In other news, insider Larissa Schwartz sold 11,552 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $114.09, for a total transaction of $1,317,967.68. Following the transaction, the insider now owns 22,125 shares in the company, valued at approximately $2,524,241.25. This trade represents a 34.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Jonathan James Addison sold 7,005 shares of Okta stock in a transaction on Friday, April 11th. The shares were sold at an average price of $101.19, for a total transaction of $708,835.95. Following the completion of the sale, the executive now directly owns 19,067 shares of the company’s stock, valued at approximately $1,929,389.73. The trade was a 26.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,452 shares of company stock worth $2,697,360 over the last 90 days. 5.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Okta

Several hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Okta by 6.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 363,950 shares of the company’s stock worth $28,679,000 after buying an additional 21,543 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Okta by 32.0% in the 4th quarter. Empowered Funds LLC now owns 7,550 shares of the company’s stock valued at $595,000 after acquiring an additional 1,832 shares in the last quarter. Stephens Inc. AR lifted its holdings in Okta by 5.0% in the 4th quarter. Stephens Inc. AR now owns 3,296 shares of the company’s stock worth $260,000 after purchasing an additional 157 shares during the last quarter. Savant Capital LLC acquired a new stake in Okta in the 4th quarter worth approximately $829,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Okta by 138.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 554,633 shares of the company’s stock worth $43,721,000 after purchasing an additional 322,201 shares during the period. 86.64% of the stock is owned by institutional investors and hedge funds.

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.