Okta, Inc. (NASDAQ:OKTA) Insider Larissa Schwartz Sells 2,740 Shares

Okta, Inc. (NASDAQ:OKTA) insider Larissa Schwartz sold 2,740 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $97.59, for a total value of $267,396.60. Following the completion of the sale, the insider now directly owns 22,125 shares of the company’s stock, valued at $2,159,178.75. This trade represents a 11.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, January 22nd, Larissa Schwartz sold 2,704 shares of Okta stock. The stock was sold at an average price of $89.58, for a total value of $242,224.32.
• On Monday, December 30th, Larissa Schwartz sold 2,704 shares of Okta stock. The stock was sold at an average price of $80.50, for a total value of $217,672.00.

Okta Stock Performance

Shares of OKTA opened at $96.29 on Friday. The stock has a 50-day simple moving average of $87.42 and a 200-day simple moving average of $82.33. 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 stock has a market capitalization of $16.50 billion, a PE ratio of -275.11, a PEG ratio of 6.58 and a beta of 1.03. Okta, Inc. has a 1 year low of $70.56 and a 1 year high of $114.50.

Institutional Investors Weigh In On Okta

Hedge funds and other institutional investors have recently made changes to their positions in the business. Itau Unibanco Holding S.A. acquired a new stake in shares of Okta during the 3rd quarter worth about $25,000. Bank of Jackson Hole Trust acquired a new stake in shares of Okta during the 4th quarter worth about $25,000. Blue Trust Inc. raised 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 worth $28,000 after acquiring an additional 191 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of Okta during the 3rd quarter worth about $32,000. Finally, TD Private Client Wealth LLC raised its position in shares of Okta by 3,507.7% during the 4th quarter. TD Private Client Wealth LLC now owns 469 shares of the company’s stock worth $37,000 after acquiring an additional 456 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Sanford C. Bernstein cut their target price on Okta from $129.00 to $124.00 and set an “outperform” rating for the company in a research note on Tuesday, December 17th. Barclays increased their price target on Okta from $81.00 to $96.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. The Goldman Sachs Group increased their price target on Okta from $97.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Mizuho increased their price target on Okta from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Citigroup increased their price target on Okta from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Okta has an average rating of “Hold” and an average price target of $105.45.

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.