Okta (NASDAQ:OKTA – Get Free Report) is projected to post its Q2 2027 results after the market closes on Wednesday, August 26th. Analysts expect the company to announce earnings of $0.9650 per share and revenue of $793.0050 million for the quarter. Okta has set its FY 2027 guidance at 3.790-3.870 EPS and its Q2 2027 guidance at 0.950-0.970 EPS. Parties can find conference call details on the company’s upcoming Q2 2027 earning overview page for the latest details on the call scheduled for Wednesday, August 26, 2026 at 5:00 PM ET.
Okta (NASDAQ:OKTA – Get Free Report) last issued its earnings results on Thursday, May 28th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. Okta had a net margin of 8.24% and a return on equity of 4.15%. The business had revenue of $765.00 million for the quarter, compared to analyst estimates of $751.84 million. During the same period last year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, analysts expect Okta to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Okta Stock Performance
NASDAQ:OKTA opened at $130.97 on Tuesday. The stock has a market capitalization of $22.76 billion, a P/E ratio of 94.91, a P/E/G ratio of 4.86 and a beta of 0.77. The company’s 50-day simple moving average is $138.55 and its 200-day simple moving average is $103.79. Okta has a fifty-two week low of $62.66 and a fifty-two week high of $157.00.
Insider Activity
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. First Trust Advisors LP lifted its position in Okta by 28.2% during the 4th quarter. First Trust Advisors LP now owns 6,030,090 shares of the company’s stock worth $521,422,000 after acquiring an additional 1,326,051 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Okta by 2.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,495,389 shares of the company’s stock worth $215,776,000 after purchasing an additional 69,653 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Okta by 9.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,226,676 shares of the company’s stock worth $204,162,000 after buying an additional 189,036 shares during the last quarter. Primecap Management Co. CA lifted its holdings in shares of Okta by 3.3% in the fourth quarter. Primecap Management Co. CA now owns 1,641,028 shares of the company’s stock valued at $141,900,000 after purchasing an additional 51,990 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Okta by 3.8% in the 3rd quarter. Northern Trust Corp now owns 1,631,097 shares of the company’s stock valued at $149,572,000 after buying an additional 60,398 shares in the last quarter. 86.64% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have recently issued reports on OKTA. HC Wainwright initiated coverage on Okta in a research note on Monday, July 6th. They issued a “buy” rating for the company. Morgan Stanley raised their price objective on Okta from $115.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday. TD Cowen boosted their target price on shares of Okta from $105.00 to $160.00 and gave the stock a “hold” rating in a research note on Monday, August 17th. Susquehanna increased their price objective on Okta from $80.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Okta in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Okta presently has an average rating of “Moderate Buy” and a consensus target price of $140.54.
Read Our Latest Analysis on OKTA
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.
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