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

Ieq Capital LLC lifted its position in Okta, Inc. (NASDAQ:OKTA - Free Report) by 100.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,988 shares of the company's stock after acquiring an additional 49,002 shares during the period. Ieq Capital LLC owned 0.06% of Okta worth $7,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of OKTA. Stephens Inc. AR increased its position in shares of Okta by 5.0% during the fourth quarter. Stephens Inc. AR now owns 3,296 shares of the company's stock worth $260,000 after purchasing an additional 157 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Okta by 2.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,135 shares of the company's stock valued at $605,000 after purchasing an additional 180 shares during the last quarter. Bleakley Financial Group LLC increased its stake in Okta by 4.6% during the third quarter. Bleakley Financial Group LLC now owns 4,114 shares of the company's stock worth $306,000 after purchasing an additional 182 shares during the period. Creative Financial Designs Inc. ADV increased its position in shares of Okta by 12.4% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,704 shares of the company's stock worth $127,000 after acquiring an additional 188 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Okta by 105.5% during the third quarter. Blue Trust Inc. now owns 372 shares of the company's stock worth $28,000 after buying an additional 191 shares during the period. Institutional investors and hedge funds own 86.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Piper Sandler lifted their price target on shares of Okta from $85.00 to $90.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. Scotiabank reduced their price target on shares of Okta from $96.00 to $94.00 and set a "sector perform" rating for the company in a research report on Tuesday, January 21st. Susquehanna lifted their price objective on Okta from $85.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft lowered shares of Okta from a "buy" rating to a "hold" rating and decreased their target price for the stock from $115.00 to $85.00 in a research report on Tuesday, November 12th. Finally, Canaccord Genuity Group upped their price target on shares of Okta from $82.00 to $94.00 and gave the stock a "hold" rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $106.13.

Okta Stock Down 2.6 %

NASDAQ:OKTA traded down $2.44 during mid-day trading on Friday, reaching $92.75. The stock had a trading volume of 2,619,018 shares, compared to its average volume of 2,442,185. The stock's 50 day simple moving average is $88.43 and its two-hundred day simple moving average is $82.47. Okta, Inc. has a 1-year low of $70.56 and a 1-year high of $114.50. The company has a market capitalization of $15.89 billion, a price-to-earnings ratio of -265.00, a price-to-earnings-growth ratio of 6.54 and a beta of 1.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.34 and a quick ratio of 1.34.

Insider Activity

In other Okta news, CFO Brett Tighe sold 5,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $89.00, for a total value of $445,000.00. Following the sale, the chief financial officer now directly owns 112,533 shares of the company's stock, valued at $10,015,437. This trade represents a 4.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jacques Frederic Kerrest sold 390,000 shares of the business's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $87.09, for a total transaction of $33,965,100.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 980,908 shares of company stock worth $85,025,665. 7.00% of the stock is currently owned by insiders.

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.