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

Okta, Inc. (NASDAQ:OKTA) insider Larissa Schwartz sold 2,704 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $89.58, for a total transaction of $242,224.32. Following the completion of the transaction, the insider now owns 23,311 shares of the company’s stock, valued at $2,088,199.38. This trade represents a 10.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, December 30th, Larissa Schwartz sold 2,704 shares of Okta stock. The shares were sold at an average price of $80.50, for a total transaction of $217,672.00.
• 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.

Okta Price Performance

NASDAQ:OKTA opened at $88.86 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.34. The business has a fifty day moving average price of $82.18 and a 200-day moving average price of $82.25. Okta, Inc. has a one year low of $70.56 and a one year high of $114.50.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on OKTA shares. Truist Financial restated a “hold” rating and set a $92.00 price target (up from $80.00) on shares of Okta in a research report on Wednesday, December 4th. Sanford C. Bernstein reduced their target price on shares of Okta from $129.00 to $124.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 17th. Barclays lifted their price target on shares of Okta from $81.00 to $96.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 4th. Robert W. Baird upped their price objective on shares of Okta from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Finally, Jefferies Financial Group decreased their target price on shares of Okta from $100.00 to $90.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $104.55.

Institutional Trading of Okta

Several institutional investors and hedge funds have recently modified their holdings of OKTA. Paloma Partners Management Co bought a new position in shares of Okta during the 3rd quarter valued at about $969,000. SG Americas Securities LLC grew its holdings in Okta by 122.3% during the 3rd quarter. SG Americas Securities LLC now owns 17,021 shares of the company’s stock valued at $1,265,000 after buying an additional 9,364 shares in the last quarter. Truist Financial Corp increased its stake in Okta by 62.5% in the 2nd quarter. Truist Financial Corp now owns 522,057 shares of the company’s stock worth $48,870,000 after acquiring an additional 200,770 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Okta by 56.1% during the 3rd quarter. Stifel Financial Corp now owns 37,258 shares of the company’s stock worth $2,770,000 after acquiring an additional 13,387 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in Okta by 1,150.2% in the fourth quarter. Nordea Investment Management AB now owns 415,418 shares of the company’s stock worth $33,146,000 after purchasing an additional 382,190 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors.

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.