Okta (NASDAQ:OKTA) Issues FY 2025 Earnings Guidance

Okta (NASDAQ:OKTA) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 2.750-2.760 for the period, compared to the consensus earnings per share estimate of 2.610. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion. Okta also updated its Q4 guidance to $0.73-$0.74 EPS.

Wall Street Analyst Weigh In

Several analysts recently issued reports on OKTA shares. Stifel Nicolaus reduced their price target on Okta from $122.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Susquehanna reduced their price target on Okta from $110.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Royal Bank of Canada cut their target price on Okta from $125.00 to $101.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. BTIG Research cut their price target on Okta from $128.00 to $98.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Finally, BMO Capital Markets increased their price target on Okta from $100.00 to $103.00 and gave the company a “market perform” rating in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $98.62.

Okta Trading Up 1.1 %

Shares of Okta stock traded up $0.86 during trading hours on Tuesday, reaching $81.71. The stock had a trading volume of 8,843,771 shares, compared to its average volume of 2,383,638. The stock’s 50 day moving average is $75.03 and its 200 day moving average is $84.42. Okta has a twelve month low of $70.56 and a twelve month high of $114.50. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18.

Insiders Place Their Bets

In related news, CEO Todd Mckinnon sold 200,512 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $75.21, for a total transaction of $15,080,507.52. Following the completion of the transaction, the chief executive officer now owns 8,495 shares in the company, valued at $638,908.95. This represents a 95.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Jonathan James Addison sold 9,850 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $77.63, for a total transaction of $764,655.50. Following the sale, the executive now directly owns 14,601 shares of the company’s stock, valued at approximately $1,133,475.63. This represents a 40.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 475,789 shares of company stock worth $35,701,361. Company insiders own 7.00% of the company’s stock.

About Okta

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.