Okta Inc (NASDAQ:OKTA) CFO William E. Losch sold 12,200 shares of the firm’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $26.48, for a total transaction of $323,056.00. Following the completion of the transaction, the chief financial officer now directly owns 12,200 shares in the company, valued at $323,056. The sale was disclosed in a document filed with the SEC, which is available at this link.
Okta Inc (NASDAQ:OKTA) traded up $0.43 during mid-day trading on Friday, reaching $27.00. 2,833,453 shares of the company’s stock were exchanged, compared to its average volume of 1,470,900. The firm has a market cap of $2,710.00 and a P/E ratio of -23.48. Okta Inc has a 12 month low of $21.52 and a 12 month high of $33.64.
OKTA has been the topic of a number of research reports. KeyCorp reaffirmed a “buy” rating and issued a $35.00 price target on shares of Okta in a research note on Friday, November 10th. SunTrust Banks initiated coverage on shares of Okta in a research note on Friday, October 27th. They issued a “buy” rating and a $36.00 price target on the stock. Zacks Investment Research lowered shares of Okta from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Oppenheimer reaffirmed a “buy” rating and issued a $34.00 price target on shares of Okta in a research note on Thursday, December 7th. Finally, William Blair initiated coverage on shares of Okta in a research note on Wednesday, October 4th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Okta has an average rating of “Hold” and a consensus price target of $33.00.
A number of hedge funds have recently added to or reduced their stakes in OKTA. FMR LLC acquired a new stake in Okta in the 2nd quarter valued at about $23,135,000. JPMorgan Chase & Co. acquired a new stake in Okta in the 2nd quarter valued at about $21,855,000. Vanguard Group Inc. acquired a new stake in Okta in the 2nd quarter valued at about $21,749,000. Capital World Investors acquired a new stake in Okta in the 2nd quarter valued at about $11,400,000. Finally, Capital Research Global Investors acquired a new stake in Okta in the 2nd quarter valued at about $9,947,000. Institutional investors own 13.41% of the company’s stock.
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Okta Company Profile
Okta, Inc is a United States-based independent provider of identity for the enterprise. The Company’s Okta Identity Cloud connects and protects employees. It also connects enterprises to their partners, suppliers and customers. The Company offers products, such as Okta information technology (IT) Products and Okta for Developers.
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