Okta (NASDAQ:OKTA) Issues Q1 2027 Earnings Guidance

Okta (NASDAQ:OKTA) issued an update on its first quarter 2027 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.840-0.860 for the period, compared to the consensus estimate of 0.650. The company issued revenue guidance of $749.0 million-$753.0 million, compared to the consensus revenue estimate of $754.7 million. Okta also updated its FY 2027 guidance to 3.740-3.820 EPS.

Okta Trading Down 1.1%

NASDAQ OKTA traded down $0.78 on Wednesday, reaching $71.74. The company’s stock had a trading volume of 6,748,866 shares, compared to its average volume of 3,092,554. The business has a 50-day moving average price of $85.73 and a 200 day moving average price of $87.62. The firm has a market cap of $12.71 billion, a PE ratio of 65.82, a price-to-earnings-growth ratio of 2.87 and a beta of 0.79. Okta has a 52 week low of $68.77 and a 52 week high of $127.57.

Okta (NASDAQ:OKTA) last issued 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. The firm had revenue of $761.00 million during the quarter, compared to the consensus estimate of $749.87 million. Okta had a return on equity of 3.77% and a net margin of 6.87%.Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. Analysts anticipate that Okta will post 0.42 earnings per share for the current fiscal year.

Okta announced that its Board of Directors has initiated a stock repurchase program on Monday, January 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to purchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have weighed in on OKTA. Royal Bank Of Canada lifted their price objective on shares of Okta from $97.00 to $108.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Cantor Fitzgerald cut their target price on shares of Okta from $115.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. BTIG Research lowered their price target on Okta from $116.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday. KeyCorp dropped their price objective on Okta from $130.00 to $115.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 17th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $120.00 target price on shares of Okta in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $107.50.

Insider Activity at Okta

In related news, insider Larissa Schwartz sold 1,899 shares of the business’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $90.74, for a total value of $172,315.26. Following the sale, the insider owned 38,164 shares of the company’s stock, valued at $3,463,001.36. The trade was a 4.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Eric Robert Kelleher sold 8,370 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $90.19, for a total value of $754,890.30. Following the transaction, the insider directly owned 11,266 shares of the company’s stock, valued at approximately $1,016,080.54. This represents a 42.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,245 shares of company stock valued at $3,385,624 over the last three months. 5.68% of the stock is currently owned by corporate insiders.

Key Okta News

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta beat Q4 consensus on revenue and operating profitability, showing margin improvement and stronger net income for the year — evidence of improving operating leverage. Okta Announces Fourth Quarter And Fiscal Year 2026 Financial Results
• Positive Sentiment: Management gave FY‑2027 EPS guidance well above consensus (EPS 3.740–3.820 vs. street ~2.80) and guided Q1 EPS above expectations — a sign management expects profitable growth over the year despite a cautious revenue stance. Okta Posts Strong Fiscal 2026 Results With Higher Profitability
• Positive Sentiment: At least one major analyst house (Robert W. Baird) kept a Buy/outperform view, arguing the company’s broad-based outperformance plus conservative FY27 outlook skews risk/reward toward buys. Okta: Broad-Based Outperformance and Conservative FY27 Outlook Skew Risk/Reward Toward Buy
• Neutral Sentiment: Analyst coverage and price targets remain mixed — Wells Fargo initiated coverage at equal‑weight with a $76 target while other firms (Jefferies, Cantor, BTIG) keep higher targets — leaving consensus upside dispersed. Okta (NASDAQ:OKTA) Coverage Initiated by Analysts at Wells Fargo & Company
• Negative Sentiment: Okta guided Q1 revenue to $749–753M, below Wall Street’s estimate, and warned growth would slow — management called out macro/enterprise spending weakness, the weakest revenue-growth outlook since the IPO. That guidance is the main driver of the share decline. Okta forecasts slowest revenue growth since IPO amid economic uncertainty
• Negative Sentiment: Market reaction: despite the beat on the quarter, the softer near‑term revenue outlook and growth‑slowdown commentary prompted selling pressure and elevated trading volume around the print. Okta beats fourth-quarter estimates, but issues weak guidance

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. EFG International AG bought a new stake in shares of Okta in the 4th quarter worth $61,000. CIBC Private Wealth Group LLC boosted its stake in shares of Okta by 378.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 727 shares of the company’s stock worth $67,000 after buying an additional 575 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Okta in the fourth quarter valued at approximately $71,000. State of Wyoming bought a new position in Okta in the 2nd quarter valued at $84,000. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Okta during the 3rd quarter valued at $83,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

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.