Okta, Inc. (NASDAQ:OKTA) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its holdings in Okta, Inc. (NASDAQ:OKTA - Free Report) by 4.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,382 shares of the company's stock after purchasing an additional 6,537 shares during the quarter. Asset Management One Co. Ltd. owned 0.09% of Okta worth $10,733,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC purchased a new stake in shares of Okta during the 3rd quarter worth approximately $26,000. Blue Trust Inc. boosted its stake 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. EverSource Wealth Advisors LLC boosted its stake in shares of Okta by 71.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 341 shares of the company's stock worth $36,000 after acquiring an additional 142 shares in the last quarter. First Command Advisory Services Inc. purchased a new stake in shares of Okta during the 2nd quarter worth approximately $47,000. Finally, nVerses Capital LLC purchased a new stake in shares of Okta during the 2nd quarter worth approximately $47,000. Hedge funds and other institutional investors own 86.64% of the company's stock.

Insider Transactions at Okta

In other Okta news, insider Larissa Schwartz sold 2,795 shares of the firm's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $92.02, for a total value of $257,195.90. Following the transaction, the insider now owns 27,014 shares of the company's stock, valued at $2,485,828.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Todd Mckinnon sold 200,512 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $75.21, for a total transaction of $15,080,507.52. Following the transaction, the chief executive officer now owns 8,495 shares in the company, valued at $638,908.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Larissa Schwartz sold 2,795 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $92.02, for a total transaction of $257,195.90. Following the transaction, the insider now owns 27,014 shares in the company, valued at $2,485,828.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 478,584 shares of company stock valued at $35,958,556. Insiders own 7.00% of the company's stock.

Okta Stock Up 0.7 %

Shares of OKTA stock traded up $0.57 during trading hours on Thursday, hitting $77.18. 1,487,127 shares of the company were exchanged, compared to its average volume of 1,926,609. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 1.83. Okta, Inc. has a one year low of $65.98 and a one year high of $114.50. The business's 50-day simple moving average is $74.44 and its two-hundred day simple moving average is $86.96. The stock has a market capitalization of $13.11 billion, a price-to-earnings ratio of -91.20, a P/E/G ratio of 16.96 and a beta of 1.02.

Okta (NASDAQ:OKTA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.29. Okta had a negative net margin of 5.55% and a negative return on equity of 1.10%. The business had revenue of $646.00 million for the quarter, compared to analysts' expectations of $632.24 million. Sell-side analysts predict that Okta, Inc. will post 0.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on OKTA. Truist Financial decreased their price target on Okta from $95.00 to $80.00 and set a "hold" rating on the stock in a research note on Thursday, October 17th. The Goldman Sachs Group cut their price objective on Okta from $113.00 to $97.00 and set a "buy" rating for the company in a research report on Tuesday, October 22nd. Scotiabank cut their price objective on Okta from $104.00 to $92.00 and set a "sector perform" rating for the company in a research report on Thursday, August 29th. BMO Capital Markets lifted their price objective on Okta from $100.00 to $103.00 and gave the stock a "market perform" rating in a research report on Thursday, August 29th. Finally, UBS Group cut their price target on Okta from $120.00 to $108.00 and set a "buy" rating for the company in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $99.39.

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.