Achmea Investment Management B.V. Has $204,000 Stock Position in Okta, Inc. (NASDAQ:OKTA)

Achmea Investment Management B.V. cut its stake in shares of Okta, Inc. (NASDAQ:OKTA) by 91.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,583 shares of the company’s stock after selling 27,395 shares during the period. Achmea Investment Management B.V.’s holdings in Okta were worth $204,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bank of Jackson Hole Trust acquired a new stake in Okta during the fourth quarter worth approximately $25,000. Itau Unibanco Holding S.A. acquired a new stake in Okta during the third quarter worth approximately $25,000. Legacy Investment Solutions LLC acquired a new stake in Okta during the third quarter worth approximately $32,000. Wingate Wealth Advisors Inc. acquired a new stake in Okta during the fourth quarter worth approximately $44,000. Finally, Modus Advisors LLC acquired a new stake in Okta during the fourth quarter worth approximately $44,000. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OKTA has been the subject of a number of analyst reports. Mizuho upgraded shares of Okta from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $110.00 to $127.00 in a research report on Tuesday, March 4th. Westpark Capital reiterated a “buy” rating and issued a $140.00 price target on shares of Okta in a research report on Friday, February 28th. BMO Capital Markets lifted their price target on shares of Okta from $105.00 to $130.00 and gave the company a “market perform” rating in a research report on Monday, March 10th. JMP Securities reiterated a “market perform” rating on shares of Okta in a research report on Wednesday, December 4th. Finally, Barclays lifted their price target on shares of Okta from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.39.

Okta Price Performance

Shares of NASDAQ:OKTA opened at $112.55 on Friday. The firm has a market cap of $19.29 billion, a PE ratio of -321.57, a price-to-earnings-growth ratio of 6.42 and a beta of 1.09. The firm’s fifty day moving average is $94.58 and its 200-day moving average is $83.26. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.34. Okta, Inc. has a 52 week low of $70.56 and a 52 week high of $116.96.

Insider Transactions at Okta

In related news, Director Jacques Frederic Kerrest sold 130,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $105.00, for a total value of $13,650,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Todd Mckinnon sold 233,028 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $82.31, for a total transaction of $19,180,534.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 979,482 shares of company stock worth $88,072,216. Company insiders own 7.00% of the company’s stock.

About Okta

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.