Brokerages expect Okta, Inc. (NASDAQ: OKTA) to post ($ 0.24) earnings per share for the current fiscal quarter, reports Zacks Investment Research. Ten analysts released estimates for Okta’s earnings, with the highest EPS estimate at ($ 0.24) and the lowest estimate at ($ 0.25). Okta reported earnings of $ 0.06 per share in the same quarter last year, indicating a negative growth rate of 500% year-over-year. The company is expected to release its next quarterly earnings report on Wednesday, March 2.

On average, analysts expect Okta to report annual earnings of ($ 0.52) per share for the current fiscal year, with EPS estimates ranging from $ 0.53 to $ 0.50. For next year, analysts predict the company will post earnings of ($ 0.44) per share, with EPS estimates ranging from $ 0.80 to $ 0.04. Zacks earnings per share averages are an average based on a survey of seller-side research companies that cover Okta.

Okta (NASDAQ: OKTA) last reported its quarterly results on Wednesday, December 1. The company reported ($ 0.07) EPS for the quarter, beating the consensus estimate of ($ 0.24) by $ 0.17. The company posted revenue of $ 350.68 million for the quarter, compared to analysts’ estimates of $ 327.33 million. Okta recorded a negative return on equity of 14.80% and a negative net margin of 59.29%. During the same period of the previous year, the company made EPS ($ 0.38).

Several research companies have recently published reports on OKTA. Zacks Investment Research downgraded Okta from a “sell” rating to a “buy” rating and set a price target of $ 244.00 on the stock in a research report released on Wednesday, December 8. TheStreet downgraded Okta from a “d +” rating to a “c-” rating in a research report released on Tuesday, September 7. DA Davidson reduced his price target on Okta from $ 315.00 to $ 260.00 and set a “buy” rating on the stock in a research report released on Thursday, December 2. Morgan Stanley reduced its price target on Okta from $ 315.00 to $ 300.00 and set an “overweight” rating on the stock in a research report released on Thursday, December 2. Finally, Mizuho lowered his price target on Okta from $ 305.00 to $ 250.00 and set a “neutral” rating on the stock in a research report on Thursday, December 2. Five investment analysts gave the stock a conservation rating, nineteen issued a buy rating and one assigned a high buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $ 283.25.

Separately, CEO Todd Mckinnon sold 18,363 Okta shares in a trade on Monday, December 20. The stock was sold for an average price of $ 220.19, for a total value of $ 4,043,348.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible through this link. Additionally, CAO Christopher K. Kramer sold 991 Okta shares in a trade on Thursday, December 16. The stock was sold for an average price of $ 214.89, for a total value of $ 212,955.99. Disclosure of this sale can be found here. Insiders have sold 78,549 shares of the company valued at $ 18,964,162 in the past 90 days. Company insiders own 9.60% of the company’s shares.

A number of large investors have recently increased or reduced their holdings in OKTA. Russell Investments Group Ltd. increased its holdings in Okta by 10.6% in the second quarter. Russell Investments Group Ltd. now owns 24,157 shares of the company valued at $ 5,922,000 after purchasing an additional 2,309 shares during the period. DekaBank Deutsche Girozentrale increased its position in Okta shares by 4.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 16,200 shares of the company valued at $ 4,000,000 after acquiring an additional 705 shares during the last quarter. Los Angeles Capital Management LLC increased its position in Okta shares by 49.1% in the second quarter. Los Angeles Capital Management LLC now owns 1,748 shares of the company valued at $ 428,000 after acquiring an additional 576 shares in the last quarter. Fifth Third Bancorp increased its position in Okta shares by 54.3% in the second quarter. Fifth Third Bancorp now owns 355 shares of the company valued at $ 87,000 after acquiring 125 additional shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Okta shares by 3.0% in the second quarter. PNC Financial Services Group Inc. now owns 9,217 shares of the company valued at $ 2,256,000 after acquiring 272 additional shares during the last quarter. 71.63% of the shares are held by institutional investors and hedge funds.

Okta shares opened at $ 224.17 on Friday. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt ratio of 0.30. The company has a market cap of $ 34.87 billion, a PE ratio of -47.90 and a beta of 1.02. The company’s 50-day average mobile price is $ 235.92, and its 200-day average mobile price is $ 242.78. Okta has a 12-month low of $ 196.78 and a 12-month high of $ 294.00.

About Okta

Okta, Inc is committed to providing an identity management platform for the business. It operates across geographic segments of the United States and internationally. The company’s products include single sign-on, multi-factor authentication, API access management, authentication, user management and lifecycle management.

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