Okta (NASDAQ:OKTA) Releases FY 2025 Earnings Guidance

Okta (NASDAQ:OKTAGet Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.350-2.400 for the period, compared to the consensus earnings per share estimate of 2.320. The company issued revenue guidance of $2.5 billion-$2.5 billion, compared to the consensus revenue estimate of $2.5 billion. Okta also updated its FY25 guidance to $2.35-2.40 EPS.

Analyst Ratings Changes

A number of research firms have recently weighed in on OKTA. Truist Financial reissued a hold rating and issued a $105.00 price target (up previously from $85.00) on shares of Okta in a research note on Thursday, February 29th. JPMorgan Chase & Co. increased their price target on Okta from $74.00 to $88.00 and gave the company a neutral rating in a research note on Monday, February 26th. The Goldman Sachs Group increased their price target on Okta from $105.00 to $120.00 and gave the company a buy rating in a research note on Thursday, February 29th. Bank of America raised Okta from an underperform rating to a buy rating and raised their price objective for the stock from $64.00 to $135.00 in a research note on Thursday, February 29th. Finally, Westpark Capital raised Okta from a hold rating to a buy rating and set a $140.00 price objective on the stock in a research note on Thursday, February 29th. Twenty analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Okta presently has a consensus rating of Hold and an average target price of $101.84.

Check Out Our Latest Stock Analysis on OKTA

Okta Stock Up 0.2 %

Shares of NASDAQ OKTA traded up $0.21 during mid-day trading on Wednesday, hitting $96.36. The company had a trading volume of 5,132,192 shares, compared to its average volume of 1,833,003. Okta has a one year low of $65.04 and a one year high of $114.50. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $16.13 billion, a PE ratio of -44.41 and a beta of 0.98. The firm has a 50-day simple moving average of $98.65 and a two-hundred day simple moving average of $90.21.

Okta (NASDAQ:OKTAGet Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.35. Okta had a negative return on equity of 5.69% and a negative net margin of 15.69%. The business had revenue of $605.00 million during the quarter, compared to analysts’ expectations of $586.25 million. On average, equities analysts expect that Okta will post -1.51 EPS for the current year.

Insider Buying and Selling

In related news, CAO Shibu Ninan sold 4,279 shares of Okta stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $104.14, for a total transaction of $445,615.06. Following the completion of the transaction, the chief accounting officer now owns 4,111 shares in the company, valued at $428,119.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Shibu Ninan sold 4,279 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $104.14, for a total transaction of $445,615.06. Following the completion of the sale, the chief accounting officer now owns 4,111 shares in the company, valued at $428,119.54. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Shellye L. Archambeau sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $106.96, for a total value of $534,800.00. Following the sale, the director now owns 6,042 shares of the company’s stock, valued at approximately $646,252.32. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.

About Okta

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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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Earnings History and Estimates for Okta (NASDAQ:OKTA)

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