Okta, Inc. (NASDAQ:OKTA) Stock Holdings Lifted by Pacer Advisors Inc.

Pacer Advisors Inc. grew its position in Okta, Inc. (NASDAQ:OKTA) by 162.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 29,103 shares of the company’s stock after acquiring an additional 18,029 shares during the quarter. Pacer Advisors Inc.’s holdings in Okta were worth $2,293,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in OKTA. Wealth Enhancement Advisory Services LLC increased its holdings in Okta by 2.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,135 shares of the company’s stock worth $605,000 after buying an additional 180 shares during the last quarter. Bleakley Financial Group LLC increased its stake in shares of Okta by 4.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 4,114 shares of the company’s stock worth $306,000 after purchasing an additional 182 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Okta by 12.4% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,704 shares of the company’s stock valued at $127,000 after purchasing an additional 188 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Okta by 105.5% in the 3rd 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. Finally, CHICAGO TRUST Co NA increased its position in Okta by 6.5% during the fourth quarter. CHICAGO TRUST Co NA now owns 3,120 shares of the company’s stock worth $246,000 after buying an additional 191 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OKTA has been the subject of a number of analyst reports. KeyCorp raised Okta from a “sector weight” rating to an “overweight” rating and set a $115.00 price target for the company in a research report on Thursday, December 19th. JPMorgan Chase & Co. raised Okta from a “neutral” rating to an “overweight” rating and set a $100.00 target price for the company in a research report on Monday, December 16th. Canaccord Genuity Group boosted their price objective on shares of Okta from $82.00 to $94.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. BMO Capital Markets raised their target price 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, Guggenheim reissued a “buy” rating and set a $130.00 target price on shares of Okta in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Okta currently has an average rating of “Hold” and a consensus target price of $104.55.

Okta Stock Up 0.5 %

OKTA opened at $94.22 on Friday. The firm has a market cap of $16.14 billion, a price-to-earnings ratio of -269.20, a PEG ratio of 9.49 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. The firm’s 50-day simple moving average is $84.07 and its 200-day simple moving average is $82.20. Okta, Inc. has a twelve month low of $70.56 and a twelve month high of $114.50.

Insiders Place Their Bets

In other Okta news, CEO Todd Mckinnon sold 233,028 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $82.31, for a total value of $19,180,534.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Larissa Schwartz sold 2,704 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $80.50, for a total transaction of $217,672.00. Following the transaction, the insider now owns 24,462 shares in the company, valued at $1,969,191. The trade was a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 910,959 shares of company stock valued at $78,146,525. 7.00% of the stock is currently owned by insiders.

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.