Okta, Inc. (NASDAQ:OKTA) Insider Larissa Schwartz Sells 2,704 Shares

Okta, Inc. (NASDAQ:OKTA) insider Larissa Schwartz sold 2,704 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $89.58, for a total transaction of $242,224.32. Following the completion of the transaction, the insider now directly owns 23,311 shares of the company’s stock, valued at approximately $2,088,199.38. This represents a 10.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Larissa Schwartz also recently made the following trade(s):

• On Monday, December 30th, Larissa Schwartz sold 2,704 shares of Okta stock. The shares were sold at an average price of $80.50, for a total value of $217,672.00.
• On Monday, November 4th, Larissa Schwartz sold 2,791 shares of Okta stock. The shares were sold at an average price of $71.50, for a total value of $199,556.50.

Okta Stock Performance

Shares of NASDAQ OKTA traded up $0.79 during trading on Friday, reaching $88.86. The stock had a trading volume of 2,097,144 shares, compared to its average volume of 2,550,282. The firm’s 50 day moving average price is $81.88 and its two-hundred day moving average price is $82.31. Okta, Inc. has a one year low of $70.56 and a one year high of $114.50. The stock has a market cap of $15.23 billion, a PE ratio of -253.89, a P/E/G ratio of 8.95 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.34.

Institutional Trading of Okta

Institutional investors and hedge funds have recently modified their holdings of the business. Itau Unibanco Holding S.A. bought a new stake in shares of Okta during the 3rd quarter valued at about $25,000. Future Financial Wealth Managment LLC acquired a new position in Okta in the third quarter valued at approximately $26,000. Blue Trust Inc. grew its holdings in shares of Okta by 105.5% during the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $28,000 after purchasing an additional 191 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of Okta during the 3rd quarter worth approximately $32,000. Finally, Modus Advisors LLC bought a new stake in shares of Okta in the 4th quarter worth approximately $44,000. 86.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on OKTA. Mizuho lowered their price target on Okta from $104.00 to $92.00 and set a “neutral” rating for the company in a report on Thursday, October 17th. Jefferies Financial Group lowered their target price on shares of Okta from $100.00 to $90.00 and set a “hold” rating for the company in a report on Thursday, December 19th. JMP Securities reaffirmed a “market perform” rating on shares of Okta in a research note on Wednesday, December 4th. BMO Capital Markets boosted their price objective on shares of Okta from $103.00 to $105.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $101.00 target price on shares of Okta in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $104.55.

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.