Okta, Inc. (NASDAQ:OKTA) Insider Larissa Schwartz Sells 2,790 Shares

Okta, Inc. (NASDAQ:OKTA) insider Larissa Schwartz sold 2,790 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $74.01, for a total transaction of $206,487.90. Following the completion of the sale, the insider now directly owns 27,713 shares in the company, valued at $2,051,039.13. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, August 13th, Larissa Schwartz sold 2,795 shares of Okta stock. The shares were sold at an average price of $92.02, for a total transaction of $257,195.90.
• On Tuesday, July 16th, Larissa Schwartz sold 2,792 shares of Okta stock. The shares were sold at an average price of $99.40, for a total transaction of $277,524.80.

Okta Stock Up 1.5 %

OKTA stock opened at $75.02 on Friday. Okta, Inc. has a one year low of $65.04 and a one year high of $114.50. The stock has a market capitalization of $12.62 billion, a PE ratio of -44.92, a price-to-earnings-growth ratio of 40.71 and a beta of 1.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 1.83. The company has a fifty day moving average of $88.14 and a 200-day moving average of $94.07.

Institutional Trading of Okta

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Okta by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 15,848,525 shares of the company’s stock worth $1,658,073,000 after acquiring an additional 128,906 shares during the period. Sands Capital Management LLC lifted its stake in shares of Okta by 42.3% in the fourth quarter. Sands Capital Management LLC now owns 8,358,414 shares of the company’s stock valued at $756,687,000 after purchasing an additional 2,486,456 shares during the period. First Trust Advisors LP lifted its stake in shares of Okta by 28.1% in the fourth quarter. First Trust Advisors LP now owns 4,085,430 shares of the company’s stock valued at $369,854,000 after purchasing an additional 897,216 shares during the period. Marshall Wace LLP lifted its stake in shares of Okta by 117.4% in the second quarter. Marshall Wace LLP now owns 2,273,700 shares of the company’s stock valued at $212,841,000 after purchasing an additional 1,227,890 shares during the period. Finally, Eminence Capital LP lifted its stake in shares of 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 purchasing an additional 305,381 shares during the period. Institutional investors and hedge funds own 86.64% of the company’s stock.

Analyst Upgrades and Downgrades

OKTA has been the topic of a number of recent analyst reports. Evercore ISI raised shares of Okta from an “in-line” rating to an “outperform” rating and increased their target price for the company from $102.00 to $122.00 in a research report on Thursday, May 30th. DA Davidson dropped their target price on shares of Okta from $100.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Canaccord Genuity Group dropped their target price on shares of Okta from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. The Goldman Sachs Group dropped their target price on shares of Okta from $130.00 to $113.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Finally, BMO Capital Markets increased their target price on shares of Okta from $100.00 to $103.00 and gave the company a “market perform” rating in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Okta presently has a consensus rating of “Hold” and an average price target of $105.14.

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.