Okta (OKTA) Expected to Post Earnings on Wednesday

Okta (NASDAQ:OKTA) will likely be announcing 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 $793.0040 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 may visit the the company’s upcoming Q2 2027 earning report for the latest details on the call scheduled for Wednesday, August 26, 2026 at 5:00 PM ET.

Okta (NASDAQ:OKTA) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.06. Okta had a net margin of 8.24% and a return on equity of 4.15%. The company had revenue of $765.00 million during the quarter, compared to analyst estimates of $751.84 million. During the same quarter last year, the business posted $0.86 earnings per share. The company’s revenue was up 11.2% on a year-over-year basis. 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

Shares of NASDAQ:OKTA opened at $135.14 on Monday. The business has a fifty day moving average of $138.30 and a 200-day moving average of $103.45. The firm has a market cap of $23.49 billion, a PE ratio of 97.93, a price-to-earnings-growth ratio of 4.86 and a beta of 0.77. Okta has a twelve month low of $62.66 and a twelve month high of $157.00.

Insider Buying and Selling

In related news, CEO Todd Mckinnon sold 68,936 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $146.62, for a total transaction of $10,107,396.32. Following the transaction, the chief executive officer directly owned 38,484 shares in the company, valued at approximately $5,642,524.08. The trade was a 64.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Larissa Schwartz sold 2,463 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $120.00, for a total transaction of $295,560.00. Following the sale, the insider directly owned 25,241 shares in the company, valued at $3,028,920. This trade represents a 8.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 165,347 shares of company stock worth $21,827,342. 4.61% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Analysts raised their price targets. JPMorgan lifted its target to $165 from $120 and assigned an “overweight” rating, while Cantor Fitzgerald raised its target to $170 from $125 and also rated the shares “overweight.” The revisions imply roughly 22%–26% potential upside from the referenced $135.14 level, supporting the bullish case for Okta. Okta analyst forecasts
• Positive Sentiment: Cybersecurity demand and AI are providing a favorable industry backdrop. Analysts and industry executives say AI-powered attacks are increasing the need for identity security. Morgan Stanley also identified Okta as a potential beneficiary as agentic identity security shifts toward broader platforms. Morgan Stanley identity security outlook
• Positive Sentiment: Okta appointed Scott Morgan as chief legal officer. His prior experience leading legal operations at Splunk, including its expansion and integration with Cisco, could help Okta manage governance, risk, acquisitions and the development of AI-native identity-security products. Okta appoints Scott Morgan
• Neutral Sentiment: Investors are focused on the Q2 report due Aug. 26. Preview coverage is examining subscription trends, margins, billings and other operating metrics beyond revenue and earnings estimates. Okta’s most recent report exceeded consensus expectations, with $765 million in revenue and $0.91 in adjusted earnings per share, but investors will be looking for evidence that growth can reaccelerate.
• Negative Sentiment: Retail investors have reduced their positions ahead of earnings. This signals diminished near-term conviction and could add volatility if Okta’s results or guidance fail to meet elevated expectations. Okta retail investor sentiment
• Negative Sentiment: Valuation and broader technology-market weakness remain risks. Okta trades at a high earnings multiple, while identity-security and software shares recently moved lower amid wider market pressure. The stock also remains below its 50-day moving average, underscoring near-term technical caution.

Analyst Ratings Changes

OKTA has been the topic of several recent research reports. KeyCorp reiterated an “overweight” rating and issued a $180.00 price target on shares of Okta in a report on Friday. Morgan Stanley boosted their target price on Okta from $115.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday. Evercore started coverage on Okta in a research note on Monday, July 6th. They set an “outperform” rating for the company. Citizens Jmp upgraded shares of Okta from a “market perform” rating to an “outperform” rating and set a $170.00 target price on the stock in a report on Wednesday, August 12th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Okta in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $140.54.

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.