Brokerages expect Okta Inc (NASDAQ:OKTA) to report earnings of ($0.02) per share for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Okta’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at ($0.01). Okta posted earnings per share of ($0.05) during the same quarter last year, which would indicate a positive year over year growth rate of 60%. The company is scheduled to report its next earnings report on Wednesday, August 26th.

On average, analysts expect that Okta will report full-year earnings of ($0.19) per share for the current financial year, with EPS estimates ranging from ($0.21) to ($0.18). For the next fiscal year, analysts expect that the company will report earnings of $0.03 per share, with EPS estimates ranging from ($0.23) to $0.28. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Okta.

Okta (NASDAQ:OKTA) last released its earnings results on Thursday, May 28th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.10. The firm had revenue of $182.86 million during the quarter, compared to analyst estimates of $171.57 million. Okta had a negative net margin of 33.34% and a negative return on equity of 44.99%. The firm’s revenue for the quarter was up 46.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.19) earnings per share.

Several equities analysts have recently commented on the stock. BMO Capital Markets lowered their price target on shares of Okta from $210.00 to $205.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. DA Davidson upped their price target on shares of Okta from $140.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. ValuEngine lowered shares of Okta from a “buy” rating to a “hold” rating in a research report on Monday, May 4th. Cowen increased their target price on shares of Okta from $150.00 to $195.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. increased their target price on shares of Okta from $154.00 to $192.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Okta presently has a consensus rating of “Buy” and an average target price of $184.11.

In other news, CEO Todd Mckinnon sold 159,641 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $198.87, for a total value of $31,747,805.67. Following the completion of the sale, the chief executive officer now directly owns 90,323 shares of the company’s stock, valued at $17,962,535.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Benjamin A. Horowitz sold 37,878 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $198.94, for a total transaction of $7,535,449.32. The disclosure for this sale can be found here. Insiders have sold 536,287 shares of company stock valued at $93,666,752 over the last ninety days. Insiders own 12.02% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of OKTA. Norges Bank purchased a new stake in shares of Okta in the fourth quarter worth approximately $110,294,000. 1832 Asset Management L.P. purchased a new stake in shares of Okta in the first quarter worth approximately $67,392,000. Franklin Resources Inc. lifted its position in shares of Okta by 98.2% in the first quarter. Franklin Resources Inc. now owns 1,014,710 shares of the company’s stock worth $124,063,000 after purchasing an additional 502,817 shares in the last quarter. Morgan Stanley lifted its position in shares of Okta by 3.7% in the first quarter. Morgan Stanley now owns 11,011,526 shares of the company’s stock worth $1,346,269,000 after purchasing an additional 395,715 shares in the last quarter. Finally, Advisor Group Holdings Inc. purchased a new stake in shares of Okta in the first quarter worth approximately $5,493,000. 75.57% of the stock is owned by institutional investors and hedge funds.

Shares of Okta stock traded down $0.50 during trading on Monday, hitting $207.26. 2,295,993 shares of the stock were exchanged, compared to its average volume of 1,975,687. The stock’s fifty day moving average is $191.37 and its 200 day moving average is $145.94. The stock has a market cap of $25.89 billion, a PE ratio of -115.44 and a beta of 1.07. The company has a debt-to-equity ratio of 2.52, a quick ratio of 2.86 and a current ratio of 2.86. Okta has a 12 month low of $88.66 and a 12 month high of $213.19.

Okta Company Profile

Okta, Inc provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta Identity Cloud, a platform that offers a suite of products to manage and secure identities, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access their applications in the cloud or on-premise from various devices with a single entry of their user credentials; Adaptive Multi-Factor Authentication, a product that provides an additional layer of security for cloud, mobile, and Web applications, as well as for data; Lifecycle Management, which enables IT organizations or developers to manage a user's identity throughout its lifecycle; and API Access Management that enables organizations to secure APIs.It also offers customer support and training, and professional services.

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Earnings History and Estimates for Okta (NASDAQ:OKTA)

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