Okta, Inc. (NASDAQ:OKTA) Shares Bought by Jacobson & Schmitt Advisors LLC

Jacobson & Schmitt Advisors LLC increased its holdings in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) by 53.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,793 shares of the company's stock after purchasing an additional 33,385 shares during the period. Jacobson & Schmitt Advisors LLC owned approximately 0.06% of Okta worth $7,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new stake in Okta during the 3rd quarter worth about $25,000. Bank of Jackson Hole Trust acquired a new stake in Okta during the fourth quarter worth about $25,000. Blue Trust Inc. raised its position in Okta by 105.5% during the third quarter. Blue Trust Inc. now owns 372 shares of the company's stock valued at $28,000 after acquiring an additional 191 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in Okta in the third quarter valued at approximately $32,000. Finally, Modus Advisors LLC acquired a new stake in shares of Okta in the fourth quarter valued at about $44,000. Hedge funds and other institutional investors own 86.64% of the company's stock.

Okta Stock Down 2.6 %

Shares of OKTA stock traded down $2.49 during trading on Friday, reaching $92.70. The company's stock had a trading volume of 1,293,707 shares, compared to its average volume of 2,400,858. Okta, Inc. has a 1-year low of $70.56 and a 1-year high of $114.50. The stock's 50-day moving average price is $88.43 and its 200 day moving average price is $82.47. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization of $15.88 billion, a price-to-earnings ratio of -264.79, a P/E/G ratio of 6.54 and a beta of 1.03.

Insider Activity at Okta

In other news, Director Jacques Frederic Kerrest sold 65,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $97.50, for a total value of $6,337,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Larissa Schwartz sold 2,740 shares of the business's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $97.59, for a total transaction of $267,396.60. Following the transaction, the insider now owns 22,125 shares of the company's stock, valued at approximately $2,159,178.75. The trade was a 11.02 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 980,908 shares of company stock worth $85,025,665. Company insiders own 7.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Okta from $97.00 to $107.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Morgan Stanley raised Okta from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $92.00 to $97.00 in a report on Monday, December 2nd. BTIG Research lifted their price target on Okta from $98.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Needham & Company LLC reissued a "buy" rating and issued a $115.00 price objective on shares of Okta in a research note on Tuesday, February 4th. Finally, Susquehanna raised their price objective on Okta from $85.00 to $95.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $106.13.

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.