2 weeks Ago By ABMN Staff
Okta, Inc. ( NASDAQ:OKTA – Free Report ) – DA Davidson issued their Q3 2025 earnings per share (EPS) estimates for shares of Okta in a research report issued on Thursday, August 29th. DA Davidson analyst R.
Kessinger anticipates that the company will post earnings per share of ($0.10) for the quarter. DA Davidson has a “Neutral” rating and a $85.
00 price target on the stock. The consensus estimate for Okta’s current full-year earnings is ($0.28) per share.
Several other research analysts also recently issued reports on OKTA. The Goldman Sachs Group cut their price objective on Okta from $130.00 to $113.
00 and set a “buy” rating for the company in a research report on Thursday. Wedbush restated an “outperform” rating and issued a $130.00 price objective on shares of Okta in a research report on Wednesday, May 29th.
Needham & Company LLC reiterated a “buy” rating and set a $130.00 price objective on shares of Okta in a research report on Thursday. Jefferies Financial Group reduced their target price on shares of Okta from $110.
00 to $100.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Stifel Nicolaus decreased their price target on shares of Okta from $122.
00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and eleven have issued a buy rating to the company.
According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $104.81. Okta Stock Performance NASDAQ:OKTA opened at $78.
73 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.
73 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $13.
24 billion, a P/E ratio of -47.14 and a beta of 1.03.
The firm has a 50-day moving average price of $93.07 and a two-hundred day moving average price of $95.38.
Okta has a twelve month low of $65.04 and a twelve month high of $114.50.
Okta ( NASDAQ:OKTA – Get Free Report ) last announced its quarterly earnings results on Wednesday, May 29th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.
40) by $0.27. The business had revenue of $617.
00 million during the quarter, compared to analysts’ expectations of $604.33 million. Okta had a negative return on equity of 3.
81% and a negative net margin of 11.69%. Insider Transactions at Okta In other Okta news, Director Jacques Frederic Kerrest sold 18,878 shares of the company’s stock in a transaction that occurred on Monday, June 10th.
The stock was sold at an average price of $87.19, for a total transaction of $1,645,972.82.
The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink . In other Okta news, Director Jacques Frederic Kerrest sold 18,878 shares of Okta stock in a transaction on Monday, June 10th. The shares were sold at an average price of $87.
19, for a total value of $1,645,972.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link .
Also, insider Larissa Schwartz sold 2,792 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $99.40, for a total transaction of $277,524.
80. Following the sale, the insider now directly owns 29,809 shares in the company, valued at $2,963,014.60.
The disclosure for this sale can be found here . Over the last 90 days, insiders have sold 365,051 shares of company stock valued at $34,411,773. Insiders own 7.
00% of the company’s stock. Hedge Funds Weigh In On Okta Hedge funds and other institutional investors have recently bought and sold shares of the stock. Banque Cantonale Vaudoise boosted its position in Okta by 4.
3% during the 1st quarter. Banque Cantonale Vaudoise now owns 2,933 shares of the company’s stock valued at $307,000 after purchasing an additional 122 shares during the period. Caprock Group LLC boosted its holdings in shares of Okta by 4.
7% during the second quarter. Caprock Group LLC now owns 2,856 shares of the company’s stock valued at $267,000 after acquiring an additional 129 shares during the period. National Bank of Canada FI grew its position in shares of Okta by 11.
0% during the second quarter. National Bank of Canada FI now owns 1,315 shares of the company’s stock worth $124,000 after acquiring an additional 130 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Okta by 50.
4% in the 1st quarter. Venturi Wealth Management LLC now owns 391 shares of the company’s stock worth $41,000 after acquiring an additional 131 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Okta by 71.
4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 341 shares of the company’s stock valued at $36,000 after purchasing an additional 142 shares during the last quarter. 86.
64% of the stock is currently owned by institutional investors and hedge funds. About Okta ( Get Free Report ) 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.
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