9,145 Shares in Okta, Inc. (NASDAQ:OKTA) Purchased by Parametrica Management Ltd

Parametrica Management Ltd acquired a new stake in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,145 shares of the company's stock, valued at approximately $680,000. Okta makes up 0.8% of Parametrica Management Ltd's investment portfolio, making the stock its 27th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Okta by 0.8% during the first quarter. Vanguard Group Inc. now owns 15,848,525 shares of the company's stock valued at $1,658,073,000 after purchasing an additional 128,906 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Okta by 117.4% in the 2nd quarter. Marshall Wace LLP now owns 2,273,700 shares of the company's stock worth $212,841,000 after acquiring an additional 1,227,890 shares in the last quarter. Eminence Capital LP boosted its holdings in shares of Okta by 18.1% in the 2nd quarter. Eminence Capital LP now owns 1,989,375 shares of the company's stock worth $186,225,000 after acquiring an additional 305,381 shares in the last quarter. Primecap Management Co. CA boosted its holdings in shares of Okta by 0.8% in the 2nd quarter. Primecap Management Co. CA now owns 1,356,216 shares of the company's stock worth $126,955,000 after acquiring an additional 10,800 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Okta by 20.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,029,753 shares of the company's stock worth $96,388,000 after acquiring an additional 178,011 shares in the last quarter. 86.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Larissa Schwartz sold 2,791 shares of the business's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $71.50, for a total transaction of $199,556.50. Following the transaction, the insider now directly owns 22,125 shares in the company, valued at approximately $1,581,937.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CRO Jonathan James Addison sold 9,850 shares of the business's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $77.63, for a total value of $764,655.50. Following the completion of the sale, the executive now owns 14,601 shares of the company's stock, valued at approximately $1,133,475.63. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Larissa Schwartz sold 2,791 shares of the business's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $71.50, for a total transaction of $199,556.50. Following the completion of the sale, the insider now directly owns 22,125 shares of the company's stock, valued at approximately $1,581,937.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 475,789 shares of company stock worth $35,701,361. Insiders own 7.00% of the company's stock.

Okta Stock Up 0.3 %

Shares of OKTA stock traded up $0.20 during trading on Wednesday, reaching $78.42. The company's stock had a trading volume of 2,213,727 shares, compared to its average volume of 1,919,487. The company has a market cap of $13.32 billion, a price-to-earnings ratio of -93.36, a price-to-earnings-growth ratio of 17.89 and a beta of 1.02. Okta, Inc. has a one year low of $66.69 and a one year high of $114.50. The business has a fifty day moving average price of $74.39 and a 200-day moving average price of $86.48. 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 (NASDAQ:OKTA - Get Free Report) last issued its 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 business had revenue of $646.00 million for the quarter, compared to the consensus estimate of $632.24 million. Okta had a negative net margin of 5.55% and a negative return on equity of 1.10%. Analysts anticipate that Okta, Inc. will post 0.19 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on OKTA. Needham & Company LLC began coverage on Okta in a report on Thursday, October 17th. They issued a "buy" rating and a $100.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut shares of Okta from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $115.00 to $85.00 in a research report on Tuesday. DA Davidson dropped their price objective on shares of Okta from $85.00 to $75.00 and set a "neutral" rating for the company in a research report on Thursday, October 17th. BMO Capital Markets boosted their price objective on shares of Okta from $100.00 to $103.00 and gave the stock a "market perform" rating in a research report on Thursday, August 29th. Finally, Morgan Stanley dropped their price objective on shares of Okta from $100.00 to $92.00 and set an "equal weight" rating for the company in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $98.90.

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.