Okta (NASDAQ:OKTA – Get Free Report) updated its fourth quarter 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.730-0.740 for the period, compared to the consensus estimate of 0.740. The company issued revenue guidance of $667.0 million-$669.0 million, compared to the consensus revenue estimate of $669.1 million. Okta also updated its FY 2025 guidance to 2.750-2.760 EPS.
Okta Trading Up 2.4 %
Okta stock traded up $2.30 during trading on Wednesday, hitting $96.71. The company had a trading volume of 623,208 shares, compared to its average volume of 2,487,515. The stock has a market cap of $16.57 billion, a price-to-earnings ratio of -275.89, a price-to-earnings-growth ratio of 9.52 and a beta of 1.03. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06. Okta has a 1-year low of $70.56 and a 1-year high of $114.50. The company’s 50 day simple moving average is $84.76 and its 200-day simple moving average is $81.97.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. Wells Fargo & Company raised their target price on Okta from $80.00 to $95.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Citigroup raised their price target on shares of Okta from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Canaccord Genuity Group upped their price objective on Okta from $82.00 to $94.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. DA Davidson boosted their target price on Okta from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Finally, Susquehanna increased their price target on Okta from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $104.55.
Insider Buying and Selling at Okta
In other Okta news, insider Larissa Schwartz sold 2,704 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $80.50, for a total transaction of $217,672.00. Following the sale, the insider now owns 24,462 shares in the company, valued at $1,969,191. This represents a 9.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jacques Frederic Kerrest sold 131,426 shares of Okta stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $80.68, for a total transaction of $10,603,449.68. Following the completion of the transaction, the director now directly owns 1,622 shares of the company’s stock, valued at approximately $130,862.96. This represents a 98.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 913,168 shares of company stock valued at $78,420,769 over the last 90 days. 7.00% of the stock is owned by corporate insiders.
Okta Company Profile
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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