Courier Capital LLC Purchases 10,962 Shares of Okta, Inc. (NASDAQ:OKTA)

Courier Capital LLC boosted its position in Okta, Inc. (NASDAQ:OKTA - Free Report) by 314.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,449 shares of the company's stock after purchasing an additional 10,962 shares during the quarter. Courier Capital LLC's holdings in Okta were worth $1,074,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OKTA. Caprock Group LLC increased its stake in Okta by 4.7% during the 2nd quarter. Caprock Group LLC now owns 2,856 shares of the company's stock valued at $267,000 after buying an additional 129 shares during the period. National Bank of Canada FI raised its holdings in Okta by 11.0% during the second quarter. National Bank of Canada FI now owns 1,315 shares of the company's stock worth $124,000 after purchasing an additional 130 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Okta by 71.4% in the first quarter. EverSource Wealth Advisors LLC now owns 341 shares of the company's stock worth $36,000 after purchasing an additional 142 shares during the period. CWM LLC boosted its stake in Okta by 5.3% during the 2nd quarter. CWM LLC now owns 2,910 shares of the company's stock valued at $272,000 after purchasing an additional 147 shares in the last quarter. Finally, Ballentine Partners LLC increased its position in shares of Okta by 6.9% during the 1st quarter. Ballentine Partners LLC now owns 2,651 shares of the company's stock valued at $277,000 after purchasing an additional 170 shares during the period. 86.64% of the stock is owned by institutional investors and hedge funds.

Okta Stock Down 0.0 %

Shares of OKTA stock traded down $0.01 on Thursday, hitting $72.15. The company's stock had a trading volume of 1,860,331 shares, compared to its average volume of 1,885,742. The stock has a market capitalization of $12.26 billion, a price-to-earnings ratio of -85.89, a P/E/G ratio of 17.14 and a beta of 1.02. Okta, Inc. has a fifty-two week low of $65.04 and a fifty-two week high of $114.50. The firm's fifty day moving average price is $78.78 and its 200-day moving average price is $88.51. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.83 and a quick ratio of 1.83.

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

Analyst Ratings Changes

OKTA has been the subject of several research reports. Robert W. Baird decreased their target price on Okta from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Friday, October 18th. Susquehanna lowered their price objective on shares of Okta from $110.00 to $85.00 and set a "neutral" rating on the stock in a research note on Thursday, September 5th. Mizuho dropped their target price on shares of Okta from $104.00 to $92.00 and set a "neutral" rating on the stock in a report on Thursday, October 17th. Canaccord Genuity Group reduced their target price on shares of Okta from $90.00 to $82.00 and set a "hold" rating for the company in a report on Friday, October 18th. Finally, Scotiabank decreased their price target on shares of Okta from $104.00 to $92.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $98.96.

Insider Transactions at Okta

In related news, insider Larissa Schwartz sold 2,790 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $74.01, for a total value of $206,487.90. Following the transaction, the insider now directly owns 27,713 shares in the company, valued at approximately $2,051,039.13. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, insider Larissa Schwartz sold 2,790 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $74.01, for a total transaction of $206,487.90. Following the completion of the sale, the insider now owns 27,713 shares in the company, valued at $2,051,039.13. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Todd Mckinnon sold 224,533 shares of Okta stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $74.62, for a total value of $16,754,652.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 475,793 shares of company stock worth $35,759,000. 7.00% of the stock is owned by insiders.

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.