Oddo BHF Asset Management Sas Takes $5.34 Million Position in Okta, Inc. (NASDAQ:OKTA)

Oddo BHF Asset Management Sas acquired a new stake in Okta, Inc. (NASDAQ:OKTA) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 71,869 shares of the company’s stock, valued at approximately $5,343,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Caprock Group LLC increased its stake in shares of 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 buying an additional 129 shares during the period. National Bank of Canada FI increased its stake in shares of Okta by 11.0% in the second quarter. National Bank of Canada FI now owns 1,315 shares of the company’s stock valued at $124,000 after buying an additional 130 shares during the period. CWM LLC increased its stake in shares of Okta by 5.3% in the second quarter. CWM LLC now owns 2,910 shares of the company’s stock valued at $272,000 after buying an additional 147 shares during the period. Bleakley Financial Group LLC increased its stake in shares of Okta by 4.6% in the third quarter. Bleakley Financial Group LLC now owns 4,114 shares of the company’s stock valued at $306,000 after buying an additional 182 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of Okta by 12.4% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,704 shares of the company’s stock valued at $127,000 after buying an additional 188 shares during the period. Institutional investors and hedge funds own 86.64% of the company’s stock.

Okta Trading Up 0.6 %

Shares of OKTA opened at $84.40 on Friday. The business has a 50-day moving average of $76.64 and a 200 day moving average of $83.72. Okta, Inc. has a fifty-two week low of $70.56 and a fifty-two week high of $114.50. The firm has a market cap of $14.34 billion, a P/E ratio of -239.74, a price-to-earnings-growth ratio of 8.93 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.34.

Analyst Ratings Changes

Several brokerages recently commented on OKTA. Susquehanna upped their target price on Okta from $85.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Westpark Capital reiterated a “buy” rating and issued a $140.00 target price on shares of Okta in a report on Wednesday, December 4th. JPMorgan Chase & Co. cut their price target on Okta from $105.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, November 29th. Bank of America cut Okta from a “buy” rating to an “underperform” rating and cut their price target for the stock from $135.00 to $75.00 in a report on Thursday, August 29th. Finally, Wells Fargo & Company increased their target price on Okta from $80.00 to $95.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Okta presently has an average rating of “Hold” and an average target price of $103.77.

Insider Buying and Selling

In other news, insider Larissa Schwartz sold 2,790 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $74.01, for a total transaction of $206,487.90. Following the sale, the insider now directly owns 27,713 shares in the company, valued at $2,051,039.13. This represents a 9.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Todd Mckinnon sold 32,516 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $76.22, for a total value of $2,478,369.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 607,215 shares of company stock valued at $46,304,810. 7.00% of the stock is owned by insiders.

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.