Okta (NASDAQ:OKTA) Releases FY 2027 Earnings Guidance

Okta (NASDAQ:OKTA) updated its FY 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.740-3.820 for the period, compared to the consensus earnings per share estimate of 2.800. The company issued revenue guidance of $3.2 billion-$3.2 billion, compared to the consensus revenue estimate of $3.2 billion. Okta also updated its Q1 2027 guidance to 0.840-0.860 EPS.

Okta Trading Down 1.1%

Shares of Okta stock traded down $0.78 during mid-day trading on Wednesday, hitting $71.74. 6,710,464 shares of the stock were exchanged, compared to its average volume of 3,092,554. The stock has a market capitalization of $12.71 billion, a price-to-earnings ratio of 65.82, a price-to-earnings-growth ratio of 2.87 and a beta of 0.79. Okta has a twelve month low of $68.77 and a twelve month high of $127.57. The company has a 50-day simple moving average of $85.73 and a 200 day simple moving average of $87.62.

Okta (NASDAQ:OKTA) last announced its quarterly earnings data on Wednesday, March 4th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.05. Okta had a net margin of 6.87% and a return on equity of 3.77%. The business had revenue of $761.00 million for the quarter, compared to the consensus estimate of $749.87 million. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. Equities research analysts forecast that Okta will post 0.42 earnings per share for the current fiscal year.

Okta announced that its Board of Directors has approved a share buyback plan on Monday, January 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 6.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms recently weighed in on OKTA. Wells Fargo & Company assumed coverage on Okta in a research report on Tuesday. They set an “equal weight” rating and a $76.00 target price on the stock. DA Davidson set a $110.00 target price on shares of Okta in a report on Thursday, February 26th. TD Cowen cut their price target on shares of Okta from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Tuesday, February 24th. Susquehanna lowered their price objective on shares of Okta from $105.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Okta from $110.00 to $85.00 and set a “hold” rating on the stock in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.50.

Insider Activity

In other Okta news, CEO Todd Mckinnon sold 11,286 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $90.96, for a total value of $1,026,574.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric Robert Kelleher sold 2,409 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $84.40, for a total transaction of $203,319.60. Following the sale, the insider owned 11,266 shares of the company’s stock, valued at approximately $950,850.40. The trade was a 17.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 37,245 shares of company stock valued at $3,385,624 in the last 90 days. Company insiders own 5.68% of the company’s stock.

Trending Headlines about Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta expanded its partnership with the PGA of America to deliver AI‑powered identity security across large fan and pro workflows — a visible, real‑world showcase for Okta’s AI identity use cases that could support longer‑term adoption. Okta PGA Partnership Puts AI Identity Platform To A Broader Test
• Positive Sentiment: BTIG publicly kept a buy stance on OKTA, reinforcing some sell‑side conviction that the company can execute and benefit from AI/security demand despite near‑term noise. BTIG Sticks to Its Buy Rating for Okta (OKTA)
• Positive Sentiment: Analysts and outlets point to Okta’s AI roadmap as a future catalyst — framing identity security as a critical layer for AI deployments, which supports a constructive medium‑term narrative. Okta poised for solid quarter with analysts pointing to AI as future catalyst
• Neutral Sentiment: Q4 earnings are imminent (reporting after the close March 4); analysts have trimmed/updated forecasts ahead of the call — the release itself is the primary near‑term catalyst and could swing the stock either way. Okta Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
• Neutral Sentiment: Okta will present at an investor conference — useful for management access and investor Q&A but less likely to move the stock absent new guidance. Okta to Present at Upcoming Investor Conference
• Neutral Sentiment: Wells Fargo initiated coverage with an equal‑weight (hold) rating and $76 target — provides liquidity/coverage but is neither a strong buy nor sell signal. Okta (NASDAQ:OKTA) Coverage Initiated by Analysts at Wells Fargo & Company
• Neutral Sentiment: Jefferies trimmed its price target to $105 but kept a buy rating — a mixed signal (lower target but continued conviction). Okta (NASDAQ:OKTA) Given New $105.00 Price Target at Jefferies Financial Group
• Negative Sentiment: Cantor Fitzgerald cut its OKTA target from $115 to $100 (though kept Overweight) — one of several target trims that can pressure the stock and investor sentiment. Cantor Fitzgerald and DA Davidson Cut Okta, Inc. (OKTA) Price Targets, Stay Bullish
• Negative Sentiment: BMO and other brokers have trimmed targets (BMO cut to $83 from $90 and kept Market Perform), adding to near‑term downward pressure. BMO Capital Expects Solid Q1 Results for OKTA, Inc. (OKTA) Despite Sector Caution
• Negative Sentiment: Separate BTIG research note flagged a more pessimistic scenario in its update — another cautionary datapoint for traders ahead of earnings. BTIG Research Issues Pessimistic Forecast for Okta (NASDAQ:OKTA) Stock Price

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OKTA. First Trust Advisors LP grew its position in Okta by 28.2% in the 4th quarter. First Trust Advisors LP now owns 6,030,090 shares of the company’s stock valued at $521,422,000 after buying an additional 1,326,051 shares in the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of Okta by 276.9% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,403,499 shares of the company’s stock worth $128,701,000 after acquiring an additional 1,031,083 shares during the period. Freestone Grove Partners LP boosted its holdings in shares of Okta by 187.4% in the fourth quarter. Freestone Grove Partners LP now owns 847,024 shares of the company’s stock valued at $73,242,000 after acquiring an additional 552,324 shares in the last quarter. Man Group plc increased its stake in shares of Okta by 132.1% during the third quarter. Man Group plc now owns 741,924 shares of the company’s stock valued at $68,034,000 after acquiring an additional 422,296 shares during the period. Finally, Broad Bay Capital Management LP acquired a new position in shares of Okta during the fourth quarter valued at approximately $19,888,000. 86.64% of the stock is owned by institutional investors and hedge funds.

Okta Company Profile

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.