Okta, Inc. (NASDAQ:OKTA) Insider Larissa Schwartz Sells 2,704 Shares

Okta, Inc. (NASDAQ:OKTA) insider Larissa Schwartz sold 2,704 shares of Okta stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $80.50, for a total value of $217,672.00. Following the sale, the insider now directly owns 24,462 shares in the company, valued at $1,969,191. The trade was a 9.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Larissa Schwartz also recently made the following trade(s):

• On Monday, November 4th, Larissa Schwartz sold 2,791 shares of Okta stock. The stock was sold at an average price of $71.50, for a total value of $199,556.50.
• On Monday, October 14th, Larissa Schwartz sold 2,797 shares of Okta stock. The shares were sold at an average price of $77.63, for a total transaction of $217,131.11.

Okta Trading Up 0.0 %

Shares of NASDAQ OKTA traded up $0.03 during mid-day trading on Thursday, hitting $78.83. The company’s stock had a trading volume of 1,921,433 shares, compared to its average volume of 2,192,763. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market cap of $13.51 billion, a price-to-earnings ratio of -225.23, a price-to-earnings-growth ratio of 8.61 and a beta of 1.00. The company’s fifty day simple moving average is $78.63 and its 200-day simple moving average is $82.90. Okta, Inc. has a one year low of $70.56 and a one year high of $114.50.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. BMO Capital Markets upped their target price on shares of Okta from $103.00 to $105.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Westpark Capital reiterated a “buy” rating and issued a $140.00 price objective on shares of Okta in a research note on Wednesday, December 4th. Canaccord Genuity Group raised their target price on Okta from $82.00 to $94.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Susquehanna upped their price target on Okta from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company lifted their price objective on Okta from $80.00 to $95.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. One equities research 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. Based on data from MarketBeat.com, Okta has a consensus rating of “Hold” and a consensus target price of $104.45.

Institutional Trading of Okta

Institutional investors have recently bought and sold shares of the business. Marshall Wace LLP boosted its position 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 purchasing an additional 1,227,890 shares during the last quarter. Eminence Capital LP lifted its stake in Okta by 18.1% in the second quarter. Eminence Capital LP now owns 1,989,375 shares of the company’s stock valued at $186,225,000 after buying an additional 305,381 shares during the period. Primecap Management Co. CA boosted its holdings in Okta by 0.8% during the second quarter. Primecap Management Co. CA now owns 1,356,216 shares of the company’s stock worth $126,955,000 after buying an additional 10,800 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Okta by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,069,452 shares of the company’s stock worth $79,503,000 after buying an additional 17,950 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake 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 valued at $96,388,000 after acquiring an additional 178,011 shares during the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

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.