Slow Capital Inc. Purchases 2,071 Shares of Okta, Inc. (NASDAQ:OKTA)

Slow Capital Inc. raised its holdings in Okta, Inc. (NASDAQ:OKTA) by 7.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,785 shares of the company’s stock after buying an additional 2,071 shares during the quarter. Slow Capital Inc.’s holdings in Okta were worth $2,289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of OKTA. Blue Trust Inc. boosted its position in shares of Okta by 105.5% during the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $28,000 after acquiring an additional 191 shares in the last quarter. Aaron Wealth Advisors LLC lifted its stake in Okta by 19.0% during the third quarter. Aaron Wealth Advisors LLC now owns 3,419 shares of the company’s stock worth $254,000 after purchasing an additional 547 shares during the period. Bleakley Financial Group LLC boosted its holdings in Okta by 4.6% during the third quarter. Bleakley Financial Group LLC now owns 4,114 shares of the company’s stock valued at $306,000 after purchasing an additional 182 shares in the last quarter. SWS Partners grew its stake in shares of Okta by 31.8% in the 3rd quarter. SWS Partners now owns 32,486 shares of the company’s stock valued at $2,415,000 after purchasing an additional 7,838 shares during the period. Finally, Swedbank AB raised its holdings in shares of Okta by 0.8% in the 3rd quarter. Swedbank AB now owns 80,011 shares of the company’s stock worth $5,948,000 after buying an additional 609 shares in the last quarter. Institutional investors own 86.64% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on OKTA. Mizuho lowered their price target on Okta from $104.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday. UBS Group lowered their target price on shares of Okta from $120.00 to $108.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Royal Bank of Canada dropped their target price on shares of Okta from $125.00 to $101.00 and set an “outperform” rating for the company in a research report on Thursday. Bank of America lowered shares of Okta from a “buy” rating to an “underperform” rating and reduced their price target for the company from $135.00 to $75.00 in a research report on Thursday, August 29th. Finally, Robert W. Baird dropped their price objective on shares of Okta from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $99.38.

Okta Trading Up 0.5 %

NASDAQ OKTA opened at $74.82 on Friday. Okta, Inc. has a 12 month low of $65.04 and a 12 month high of $114.50. The stock has a 50-day simple moving average of $80.44 and a 200 day simple moving average of $89.29. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $12.71 billion, a PE ratio of -89.07, a P/E/G ratio of 18.05 and a beta of 1.02.

Okta (NASDAQ:OKTA) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.29. Okta had a negative return on equity of 1.10% and a negative net margin of 5.55%. The company had revenue of $646.00 million during the quarter, compared to analysts’ expectations of $632.24 million. Research analysts forecast that Okta, Inc. will post 0.19 EPS for the current year.

Insiders Place Their Bets

In related news, insider Larissa Schwartz sold 2,797 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $77.63, for a total value of $217,131.11. Following the completion of the sale, the insider now owns 24,916 shares in the company, valued at $1,934,229.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Okta news, CEO Todd Mckinnon sold 200,512 shares of Okta stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $75.21, for a total value of $15,080,507.52. Following the transaction, the chief executive officer now owns 8,495 shares of the company’s stock, valued at approximately $638,908.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Larissa Schwartz sold 2,797 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $77.63, for a total transaction of $217,131.11. Following the sale, the insider now directly owns 24,916 shares of the company’s stock, valued at $1,934,229.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 343,989 shares of company stock worth $27,806,184. Company insiders own 7.00% of the company’s stock.

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.