Andra AP fonden decreased its position in Okta, Inc. (NASDAQ:OKTA - Free Report) by 24.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,400 shares of the company's stock after selling 13,000 shares during the quarter. Andra AP fonden's holdings in Okta were worth $3,105,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of OKTA. Itau Unibanco Holding S.A. acquired a new position in shares of Okta in the third quarter worth about $25,000. Bank of Jackson Hole Trust acquired a new position in Okta in the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC purchased a new position in Okta during the 3rd quarter worth approximately $32,000. Modus Advisors LLC purchased a new stake in shares of Okta in the fourth quarter valued at $44,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Okta in the fourth quarter worth $44,000. Institutional investors own 86.64% of the company's stock.
Okta Price Performance
NASDAQ OKTA traded down $2.15 during trading hours on Thursday, reaching $106.63. 3,120,631 shares of the company's stock were exchanged, compared to its average volume of 3,245,418. The firm has a fifty day moving average of $93.39 and a 200-day moving average of $83.09. Okta, Inc. has a one year low of $70.56 and a one year high of $116.96. The stock has a market cap of $18.27 billion, a PE ratio of -304.66, a price-to-earnings-growth ratio of 6.42 and a beta of 1.09. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06.
Insider Transactions at Okta
In related news, insider Larissa Schwartz sold 2,704 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now owns 24,462 shares of the company's stock, valued at $1,969,191. This trade represents a 9.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Todd Mckinnon sold 233,028 shares of the company's stock in a transaction on Friday, December 20th. The stock was sold at an average price of $82.31, for a total value of $19,180,534.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 979,482 shares of company stock worth $88,072,216. Insiders own 7.00% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently issued reports on OKTA shares. Guggenheim reissued a "buy" rating and issued a $130.00 price objective on shares of Okta in a research note on Wednesday, December 4th. Canaccord Genuity Group increased their price target on shares of Okta from $94.00 to $100.00 and gave the stock a "hold" rating in a research report on Tuesday, March 4th. Westpark Capital reaffirmed a "buy" rating and set a $140.00 price objective on shares of Okta in a research report on Friday, February 28th. Oppenheimer boosted their price target on shares of Okta from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Tuesday, March 4th. Finally, Robert W. Baird upped their target price on Okta from $115.00 to $130.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, Okta has a consensus rating of "Moderate Buy" and an average target price of $114.39.
View Our Latest Analysis on Okta
Okta Company Profile
(
Free Report)
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.
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