Okta, Inc. (NASDAQ:OKTA) Shares Bought by EntryPoint Capital LLC

EntryPoint Capital LLC lifted its stake in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) by 94.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,245 shares of the company's stock after acquiring an additional 3,027 shares during the period. EntryPoint Capital LLC's holdings in Okta were worth $492,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Itau Unibanco Holding S.A. bought a new stake in shares of Okta in the 3rd quarter worth approximately $25,000. Bank of Jackson Hole Trust purchased a new stake in shares of Okta during the fourth quarter valued at approximately $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Okta in the third quarter worth $32,000. TD Private Client Wealth LLC boosted its position in Okta by 3,507.7% during the 4th quarter. TD Private Client Wealth LLC now owns 469 shares of the company's stock valued at $37,000 after buying an additional 456 shares during the period. Finally, Modus Advisors LLC bought a new stake in Okta in the 4th quarter worth $44,000. 86.64% of the stock is owned by institutional investors.

Okta Price Performance

Shares of NASDAQ:OKTA traded down $3.21 during midday trading on Friday, hitting $107.99. The company's stock had a trading volume of 2,872,591 shares, compared to its average volume of 2,434,121. Okta, Inc. has a 12-month low of $70.56 and a 12-month high of $118.07. The company has a market cap of $18.75 billion, a P/E ratio of -308.54, a price-to-earnings-growth ratio of 6.42 and a beta of 1.09. 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 business's 50 day simple moving average is $100.33 and its 200 day simple moving average is $85.78.

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Insider Activity at Okta

In other Okta news, insider Larissa Schwartz sold 2,704 shares of Okta stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $80.50, for a total transaction of $217,672.00. Following the completion of the sale, the insider now directly owns 24,462 shares in the company, valued at $1,969,191. This trade represents a 9.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brett Tighe sold 5,000 shares of Okta stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $89.00, for a total transaction of $445,000.00. Following the completion of the transaction, the chief financial officer now owns 112,533 shares of the company's stock, valued at $10,015,437. This represents a 4.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 763,901 shares of company stock valued at $70,880,205. 7.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

OKTA has been the subject of a number of analyst reports. Susquehanna increased their target price on shares of Okta from $95.00 to $105.00 and gave the stock a "neutral" rating in a report on Tuesday, March 4th. DA Davidson upgraded Okta from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $90.00 to $125.00 in a research report on Tuesday, March 4th. Oppenheimer upped their target price on Okta from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Tuesday, March 4th. Barclays boosted their price objective 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. Finally, Westpark Capital reaffirmed a "buy" rating and issued a $140.00 target price on shares of Okta in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $115.29.

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.