WINTON GROUP Ltd Invests $2.24 Million in Okta, Inc. (NASDAQ:OKTA)

WINTON GROUP Ltd bought a new position in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,478 shares of the company's stock, valued at approximately $2,244,000.

Other institutional investors also recently bought and sold shares of the company. Frank Rimerman Advisors LLC increased its holdings in shares of Okta by 2.4% during the 4th quarter. Frank Rimerman Advisors LLC now owns 4,465 shares of the company's stock valued at $352,000 after acquiring an additional 105 shares during the last quarter. Stephens Inc. AR boosted its position in 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 during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Okta by 2.3% during the fourth 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. Great Lakes Advisors LLC raised its position in shares of Okta by 2.7% in the fourth quarter. Great Lakes Advisors LLC now owns 7,070 shares of the company's stock valued at $557,000 after purchasing an additional 184 shares during the period. Finally, CHICAGO TRUST Co NA lifted its stake in shares of Okta by 6.5% in the fourth quarter. CHICAGO TRUST Co NA now owns 3,120 shares of the company's stock worth $246,000 after buying an additional 191 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OKTA has been the topic of a number of research analyst reports. Canaccord Genuity Group raised their target price on shares of Okta from $82.00 to $94.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. The Goldman Sachs Group lifted their price objective on Okta from $107.00 to $123.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Stifel Nicolaus boosted their price objective on Okta from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. raised their target price on Okta from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Finally, Barclays upped their price target on Okta from $105.00 to $115.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nineteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $116.09.

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Insider Activity

In related news, Director Jacques Frederic Kerrest sold 3,306 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $88.85, for a total value of $293,738.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Larissa Schwartz sold 11,552 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $114.09, for a total value of $1,317,967.68. Following the completion of the transaction, the insider now owns 22,125 shares in the company, valued at $2,524,241.25. The trade was a 34.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 761,197 shares of company stock worth $70,662,533. Insiders own 7.00% of the company's stock.

Okta Price Performance

NASDAQ:OKTA traded down $0.53 on Tuesday, reaching $104.69. The stock had a trading volume of 1,980,046 shares, compared to its average volume of 2,438,828. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $18.17 billion, a P/E ratio of -299.11, a price-to-earnings-growth ratio of 6.42 and a beta of 1.09. Okta, Inc. has a 1-year low of $70.56 and a 1-year high of $118.07. The stock has a fifty day moving average price of $101.00 and a 200-day moving average price of $86.31.

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.