Okta, Inc. (NASDAQ:OKTA) Stock Holdings Lifted by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lifted its position in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 452,307 shares of the company's stock after acquiring an additional 42,176 shares during the quarter. Stephens Investment Management Group LLC owned 0.26% of Okta worth $35,642,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new position in Okta during the third quarter worth about $25,000. Blue Trust Inc. grew its position in 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. Legacy Investment Solutions LLC acquired a new position in Okta during the third quarter worth about $32,000. Modus Advisors LLC acquired a new position in Okta during the fourth quarter worth about $44,000. Finally, Planning Capital Management Corp acquired a new position in Okta during the third quarter worth about $49,000. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OKTA has been the topic of several recent analyst reports. Jefferies Financial Group lowered their target price on shares of Okta from $100.00 to $90.00 and set a "hold" rating on the stock in a research report on Thursday, December 19th. Needham & Company LLC reaffirmed a "buy" rating and issued a $115.00 price target on shares of Okta in a report on Tuesday, February 4th. KeyCorp upped their price target on shares of Okta from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Tuesday. The Goldman Sachs Group upped their price target on shares of Okta from $97.00 to $107.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Finally, Barclays upped their price target on shares of Okta from $81.00 to $96.00 and gave the company an "equal weight" rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, Okta presently has a consensus rating of "Hold" and a consensus target price of $105.45.

Okta Trading Up 2.6 %

Shares of Okta stock traded up $2.48 during trading hours on Wednesday, hitting $98.26. The company's stock had a trading volume of 2,100,778 shares, compared to its average volume of 2,468,690. Okta, Inc. has a 1-year low of $70.56 and a 1-year high of $114.50. The business has a fifty day moving average of $86.85 and a 200 day moving average of $82.19. The company has a market capitalization of $16.84 billion, a PE ratio of -280.74, a P/E/G ratio of 6.58 and a beta of 1.03. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.06.

Insider Transactions at Okta

In related news, Director Jacques Frederic Kerrest sold 390,000 shares of the firm's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $87.09, for a total transaction of $33,965,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brett Tighe sold 5,000 shares of the firm's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $89.00, for a total transaction of $445,000.00. Following the sale, the chief financial officer now directly owns 112,533 shares of the company's stock, valued at approximately $10,015,437. The trade was a 4.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 978,168 shares of company stock valued at $84,758,269 over the last 90 days. Corporate insiders own 7.00% of the company's stock.

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.