What is KeyCorp’s Estimate for Okta Q1 Earnings?

Okta, Inc. (NASDAQ:OKTA) – Research analysts at KeyCorp issued their Q1 2027 EPS estimates for shares of Okta in a report released on Monday, January 12th. KeyCorp analyst E. Heath anticipates that the company will post earnings of $0.33 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $140.00 target price on the stock. The consensus estimate for Okta’s current full-year earnings is $0.42 per share. KeyCorp also issued estimates for Okta’s Q2 2027 earnings at $0.42 EPS, Q3 2027 earnings at $0.36 EPS and Q4 2027 earnings at $0.35 EPS.

A number of other equities research analysts have also issued reports on OKTA. JPMorgan Chase & Co. cut their target price on Okta from $140.00 to $115.00 and set an “overweight” rating on the stock in a research report on Monday, December 1st. Guggenheim reiterated a “buy” rating and issued a $138.00 price target on shares of Okta in a research report on Wednesday, December 3rd. DA Davidson restated a “buy” rating and set a $140.00 price objective on shares of Okta in a report on Wednesday, December 3rd. Morgan Stanley reduced their price objective on shares of Okta from $123.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Finally, Stifel Nicolaus decreased their target price on shares of Okta from $130.00 to $121.00 and set a “buy” rating for the company in a report on Wednesday, December 3rd. Twenty-five research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $113.88.

Okta Stock Performance

Shares of NASDAQ:OKTA opened at $93.35 on Thursday. The company has a market capitalization of $16.54 billion, a PE ratio of 85.64, a price-to-earnings-growth ratio of 4.40 and a beta of 0.76. The stock has a fifty day moving average of $86.53 and a 200-day moving average of $90.42. Okta has a one year low of $75.05 and a one year high of $127.57.

Okta (NASDAQ:OKTA) last released its earnings results on Tuesday, December 2nd. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.76 by $0.06. The business had revenue of $742.00 million during the quarter, compared to analyst estimates of $730.23 million. Okta had a net margin of 6.87% and a return on equity of 3.77%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 earnings per share. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS.

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

Insider Buying and Selling at Okta

In related news, CEO Todd Mckinnon sold 11,286 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $90.96, for a total transaction of $1,026,574.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Eric Robert Kelleher sold 8,370 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $90.19, for a total transaction of $754,890.30. Following the transaction, the insider directly owned 11,266 shares in the company, valued at $1,016,080.54. The trade was a 42.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,727 shares of company stock valued at $2,394,046 in the last 90 days. 5.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Okta

Several institutional investors and hedge funds have recently modified their holdings of OKTA. Pinnacle Bancorp Inc. acquired a new position in shares of Okta in the second quarter worth $26,000. Root Financial Partners LLC purchased a new position in Okta in the third quarter valued at about $26,000. Elevation Wealth Partners LLC increased its position in Okta by 825.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 296 shares of the company’s stock worth $26,000 after purchasing an additional 264 shares during the last quarter. Promus Capital LLC acquired a new position in Okta in the 2nd quarter worth about $27,000. Finally, Kiker Wealth Management LLC raised its stake in shares of Okta by 1,159.3% during the 2nd quarter. Kiker Wealth Management LLC now owns 340 shares of the company’s stock worth $34,000 after purchasing an additional 313 shares in the last quarter. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

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.