Okta, Inc. (NASDAQ:OKTA) Position Increased by Jacobson & Schmitt Advisors LLC

Jacobson & Schmitt Advisors LLC grew its holdings in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) by 24.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,408 shares of the company's stock after buying an additional 12,168 shares during the period. Jacobson & Schmitt Advisors LLC's holdings in Okta were worth $4,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Caprock Group LLC lifted its position in Okta by 4.7% in the second quarter. Caprock Group LLC now owns 2,856 shares of the company's stock valued at $267,000 after acquiring an additional 129 shares during the last quarter. National Bank of Canada FI raised its position in Okta by 11.0% in the 2nd quarter. National Bank of Canada FI now owns 1,315 shares of the company's stock valued at $124,000 after purchasing an additional 130 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Okta by 71.4% in the first quarter. EverSource Wealth Advisors LLC now owns 341 shares of the company's stock valued at $36,000 after buying an additional 142 shares during the last quarter. CWM LLC boosted its stake in shares of Okta by 5.3% during the second quarter. CWM LLC now owns 2,910 shares of the company's stock worth $272,000 after buying an additional 147 shares during the period. Finally, Bleakley Financial Group LLC grew its stake in shares of Okta by 4.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 4,114 shares of the company's stock valued at $306,000 after purchasing an additional 182 shares during the last quarter. 86.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Todd Mckinnon sold 200,512 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $75.21, for a total value of $15,080,507.52. Following the completion of the transaction, the chief executive officer now owns 8,495 shares of the company's stock, valued at approximately $638,908.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Todd Mckinnon sold 200,512 shares of the company's stock in a transaction on Friday, September 20th. The shares were sold at an average price of $75.21, for a total value of $15,080,507.52. Following the sale, the chief executive officer now directly owns 8,495 shares of the company's stock, valued at $638,908.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Larissa Schwartz sold 2,795 shares of the firm's stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $92.02, for a total transaction of $257,195.90. Following the transaction, the insider now directly owns 27,014 shares of the company's stock, valued at approximately $2,485,828.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 475,793 shares of company stock valued at $35,759,000 in the last quarter. Company insiders own 7.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OKTA. Westpark Capital restated a "buy" rating and issued a $140.00 target price on shares of Okta in a research note on Thursday, August 29th. The Goldman Sachs Group lowered their target price on shares of Okta from $113.00 to $97.00 and set a "buy" rating on the stock in a research report on Tuesday, October 22nd. Wells Fargo & Company dropped their price target on Okta from $90.00 to $80.00 and set an "equal weight" rating for the company in a research report on Thursday, October 17th. Susquehanna cut their target price on shares of Okta from $110.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, September 5th. Finally, Canaccord Genuity Group reduced their price objective on Okta from $90.00 to $82.00 and set a "hold" rating on the stock in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Okta currently has a consensus rating of "Hold" and an average target price of $98.96.

Okta Stock Up 1.9 %

Shares of NASDAQ OKTA traded up $1.34 on Friday, hitting $73.23. The company had a trading volume of 1,306,511 shares, compared to its average volume of 1,926,013. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.18. Okta, Inc. has a 12-month low of $65.04 and a 12-month high of $114.50. The firm has a market capitalization of $12.44 billion, a P/E ratio of -87.18, a PEG ratio of 16.76 and a beta of 1.02. The business has a 50 day moving average of $75.79 and a two-hundred day moving average of $87.41.

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

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.