CHICAGO TRUST Co NA Grows Stock Holdings in Okta, Inc. (NASDAQ:OKTA)

CHICAGO TRUST Co NA boosted its holdings in Okta, Inc. (NASDAQ:OKTA) by 6.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,120 shares of the company’s stock after purchasing an additional 191 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Okta were worth $246,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Graypoint LLC purchased a new position in shares of Okta in the 4th quarter valued at about $286,000. Wealth Enhancement Advisory Services LLC boosted 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 valued at $605,000 after purchasing an additional 180 shares in the last quarter. ORG Partners LLC increased its stake in Okta by 74.3% in the fourth quarter. ORG Partners LLC now owns 9,900 shares of the company’s stock valued at $780,000 after purchasing an additional 4,221 shares during the last quarter. Diversified Trust Co raised its holdings in Okta by 11.6% during the fourth quarter. Diversified Trust Co now owns 26,492 shares of the company’s stock worth $2,088,000 after purchasing an additional 2,756 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Okta by 1,150.2% during the 4th quarter. Nordea Investment Management AB now owns 415,418 shares of the company’s stock worth $33,146,000 after buying an additional 382,190 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barclays lifted their price target on shares of Okta from $81.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 4th. JMP Securities reiterated a “market perform” rating on shares of Okta in a research report on Wednesday, December 4th. Morgan Stanley raised Okta from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $92.00 to $97.00 in a research report on Monday, December 2nd. BMO Capital Markets lifted their price target on Okta from $103.00 to $105.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company raised their target price on shares of Okta from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $104.45.

Okta Stock Performance

Shares of OKTA stock opened at $83.49 on Tuesday. 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 cap of $14.31 billion, a PE ratio of -238.54, a P/E/G ratio of 8.61 and a beta of 1.00. Okta, Inc. has a 1 year low of $70.56 and a 1 year high of $114.50. The stock has a fifty day moving average price of $80.34 and a 200 day moving average price of $82.57.

Insider Transactions at Okta

In other news, Director Jacques Frederic Kerrest sold 131,426 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $80.68, for a total value of $10,603,449.68. Following the sale, the director now directly owns 1,622 shares in the company, valued at $130,862.96. This represents a 98.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Larissa Schwartz sold 2,704 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $80.50, for a total value of $217,672.00. Following the sale, the insider now directly owns 24,462 shares in the company, valued at approximately $1,969,191. The trade was a 9.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 594,482 shares of company stock valued at $46,955,865 in the last 90 days. 7.00% of the stock is currently owned by insiders.

Okta 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.