Okta, Inc. (NASDAQ:OKTA) Insider Larissa Schwartz Sells 2,791 Shares

Okta, Inc. (NASDAQ:OKTA) insider Larissa Schwartz sold 2,791 shares of Okta stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $71.50, for a total value of $199,556.50. Following the transaction, the insider now directly owns 22,125 shares in the company, valued at approximately $1,581,937.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, October 14th, Larissa Schwartz sold 2,797 shares of Okta stock. The stock was sold at an average price of $77.63, for a total transaction of $217,131.11.
• On Monday, September 16th, Larissa Schwartz sold 2,790 shares of Okta stock. The stock was sold at an average price of $74.01, for a total value of $206,487.90.
• On Tuesday, August 13th, Larissa Schwartz sold 2,795 shares of Okta stock. The stock was sold at an average price of $92.02, for a total value of $257,195.90.

Okta Stock Performance

Shares of OKTA stock opened at $76.61 on Thursday. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average of $74.44 and a two-hundred day moving average of $86.96. The company has a market cap of $13.01 billion, a P/E ratio of -91.20, a PEG ratio of 16.96 and a beta of 1.02. Okta, Inc. has a 52 week low of $65.98 and a 52 week high of $114.50.

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

Institutional Trading of Okta

Hedge funds have recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Okta in the third quarter valued at approximately $26,000. Blue Trust Inc. increased its position in 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 acquiring an additional 191 shares during the period. EverSource Wealth Advisors LLC raised its stake in Okta by 71.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 341 shares of the company’s stock valued at $36,000 after acquiring an additional 142 shares in the last quarter. First Command Advisory Services Inc. bought a new stake in Okta during the 2nd quarter valued at $47,000. Finally, nVerses Capital LLC acquired a new position in Okta during the 2nd quarter worth $47,000. 86.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. BTIG Research reduced their price objective on Okta from $128.00 to $98.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Needham & Company LLC initiated coverage on shares of Okta in a report on Thursday, October 17th. They set a “buy” rating and a $100.00 price target on the stock. The Goldman Sachs Group decreased their price objective on shares of Okta from $113.00 to $97.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Piper Sandler lowered their target price on shares of Okta from $100.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, October 17th. Finally, BMO Capital Markets increased their price target on Okta from $100.00 to $103.00 and gave the stock a “market perform” rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $99.39.

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.