What is Scotiabank’s Estimate for Okta FY2026 Earnings?

Okta, Inc. (NASDAQ:OKTA) – Analysts at Scotiabank issued their FY2026 earnings estimates for Okta in a note issued to investors on Wednesday, January 8th. Scotiabank analyst P. Colville expects that the company will post earnings of $0.70 per share for the year. Scotiabank currently has a “Sector Perform” rating and a $96.00 price objective on the stock. The consensus estimate for Okta’s current full-year earnings is $0.40 per share.

Several other equities research analysts have also recently issued reports on OKTA. Morgan Stanley raised shares of Okta from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $92.00 to $97.00 in a research report on Monday, December 2nd. JMP Securities restated a “market perform” rating on shares of Okta in a research note on Wednesday, December 4th. Guggenheim reiterated a “buy” rating and set a $130.00 price target on shares of Okta in a research note on Wednesday, December 4th. Barclays boosted their price target on shares of Okta from $81.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 4th. Finally, KeyCorp upgraded shares of Okta from a “sector weight” rating to an “overweight” rating and set a $115.00 target price on the stock in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Okta currently has a consensus rating of “Hold” and a consensus target price of $104.45.

Okta Price Performance

Okta stock opened at $85.46 on Thursday. The stock has a market cap of $14.64 billion, a P/E ratio of -244.17, a price-to-earnings-growth ratio of 8.61 and a beta of 1.00. The company has a fifty day simple moving average of $79.64 and a 200-day simple moving average of $82.73. Okta has a 12-month low of $70.56 and a 12-month high of $114.50. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OKTA. Marshall Wace LLP lifted its holdings in Okta by 117.4% in the 2nd quarter. Marshall Wace LLP now owns 2,273,700 shares of the company’s stock worth $212,841,000 after buying an additional 1,227,890 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Okta in the third quarter worth about $49,373,000. Nordea Investment Management AB boosted its holdings in Okta by 1,150.2% in the fourth quarter. Nordea Investment Management AB now owns 415,418 shares of the company’s stock valued at $33,146,000 after purchasing an additional 382,190 shares during the last quarter. Eminence Capital LP grew its stake in Okta by 18.1% during the 2nd quarter. Eminence Capital LP now owns 1,989,375 shares of the company’s stock valued at $186,225,000 after purchasing an additional 305,381 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Okta by 232.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 396,538 shares of the company’s stock worth $29,479,000 after purchasing an additional 277,084 shares during the last quarter. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Larissa Schwartz sold 2,704 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $80.50, for a total value of $217,672.00. Following the completion of the sale, the insider now owns 24,462 shares of the company’s stock, valued at $1,969,191. This represents a 9.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jacques Frederic Kerrest sold 131,426 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $80.68, for a total transaction of $10,603,449.68. Following the completion of the sale, the director now directly owns 1,622 shares of the company’s stock, valued at $130,862.96. The trade was a 98.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 607,129 shares of company stock valued at $47,937,652 over the last quarter. Company insiders own 7.00% 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.