Okta (NASDAQ:OKTA) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Posted by Stacy Sanders on Mar 4th, 2026

Okta (NASDAQ:OKTA – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05, FiscalAI reports. Okta had a net margin of 6.87% and a return on equity of 3.77%. The business had revenue of $761.00 million during the quarter, compared to analyst estimates of $749.87 million.

Okta Stock Performance

Shares of NASDAQ OKTA traded down $0.78 during trading on Wednesday, reaching $71.74. The company had a trading volume of 6,425,187 shares, compared to its average volume of 3,084,865. Okta has a 52 week low of $68.77 and a 52 week high of $127.57. The business’s 50 day moving average price is $85.73 and its 200-day moving average price is $87.62. The stock has a market cap of $12.71 billion, a PE ratio of 65.82, a PEG ratio of 2.87 and a beta of 0.79.

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

Okta announced that its board has authorized a stock repurchase plan on Monday, January 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 6.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Activity at Okta

In other Okta news, insider Larissa Schwartz sold 1,899 shares of the company’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $90.74, for a total transaction of $172,315.26. Following the transaction, the insider owned 38,164 shares of the company’s stock, valued at approximately $3,463,001.36. This represents a 4.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brett Tighe sold 10,000 shares of Okta stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $95.07, for a total value of $950,700.00. Following the completion of the sale, the chief financial officer directly owned 134,385 shares of the company’s stock, valued at $12,775,981.95. This trade represents a 6.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 37,245 shares of company stock worth $3,385,624. Company insiders own 5.68% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Invesco Ltd. lifted its holdings in Okta by 19.1% in the fourth quarter. Invesco Ltd. now owns 548,741 shares of the company’s stock valued at $47,450,000 after buying an additional 88,112 shares during the period. Corient Private Wealth LLC raised its position in shares of Okta by 515.8% during the 4th quarter. Corient Private Wealth LLC now owns 68,854 shares of the company’s stock valued at $5,954,000 after acquiring an additional 57,672 shares during the last quarter. Beacon Pointe Advisors LLC lifted its stake in shares of Okta by 17.8% in the 4th quarter. Beacon Pointe Advisors LLC now owns 97,190 shares of the company’s stock valued at $8,404,000 after purchasing an additional 14,664 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Okta by 37.0% in the 4th quarter. Mackenzie Financial Corp now owns 29,461 shares of the company’s stock valued at $2,571,000 after purchasing an additional 7,964 shares during the period. Finally, XTX Topco Ltd boosted its position in shares of Okta by 156.5% in the 4th quarter. XTX Topco Ltd now owns 20,798 shares of the company’s stock worth $1,798,000 after purchasing an additional 12,689 shares during the last quarter. Institutional investors own 86.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on OKTA shares. UBS Group restated a “buy” rating on shares of Okta in a research report on Thursday, December 4th. Scotiabank lowered their target price on shares of Okta from $105.00 to $85.00 and set a “sector perform” rating on the stock in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Okta from $110.00 to $85.00 and set a “hold” rating for the company in a research report on Wednesday, December 3rd. Roth Mkm reiterated a “buy” rating on shares of Okta in a research note on Wednesday, December 3rd. Finally, BMO Capital Markets cut their target price on Okta from $90.00 to $83.00 and set a “market perform” rating for the company in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Okta currently has a consensus rating of “Moderate Buy” and an average price target of $107.50.

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About Okta

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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.