Okta, Inc. (NASDAQ:OKTA) Insider Larissa Schwartz Sells 2,795 Shares

Okta, Inc. (NASDAQ:OKTA) insider Larissa Schwartz sold 2,795 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $92.02, for a total transaction of $257,195.90. Following the completion of the transaction, the insider now owns 27,014 shares of the company’s stock, valued at $2,485,828.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, July 16th, Larissa Schwartz sold 2,792 shares of Okta stock. The stock was sold at an average price of $99.40, for a total value of $277,524.80.

Okta Stock Performance

Shares of NASDAQ OKTA opened at $95.51 on Friday. The stock has a market cap of $16.07 billion, a PE ratio of -57.19 and a beta of 1.03. Okta, Inc. has a 1 year low of $65.04 and a 1 year high of $114.50. The firm has a fifty day moving average price of $91.78 and a 200-day moving average price of $94.63. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.73 and a quick ratio of 1.73.

Okta (NASDAQ:OKTA) last issued its earnings results on Wednesday, May 29th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.27. The company had revenue of $617.00 million during the quarter, compared to the consensus estimate of $604.33 million. Okta had a negative net margin of 11.69% and a negative return on equity of 3.81%. Equities analysts anticipate that Okta, Inc. will post -0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $125.00 price objective on shares of Okta in a research report on Monday, June 17th. Guggenheim reiterated a “buy” rating and issued a $130.00 price target on shares of Okta in a research note on Tuesday, June 25th. Evercore ISI raised shares of Okta from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $102.00 to $122.00 in a report on Thursday, May 30th. Wedbush restated an “outperform” rating and set a $130.00 price objective on shares of Okta in a research report on Wednesday, May 29th. Finally, Mizuho lifted their target price on shares of Okta from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, May 17th. Nineteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $105.58.

Institutional Investors Weigh In On Okta

A number of institutional investors have recently added to or reduced their stakes in the stock. City State Bank boosted its position in shares of Okta by 160.0% during the first quarter. City State Bank now owns 260 shares of the company’s stock worth $27,000 after acquiring an additional 160 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Okta by 71.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 341 shares of the company’s stock worth $36,000 after purchasing an additional 142 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Okta during the 4th quarter valued at about $29,000. Venturi Wealth Management LLC grew its position in shares of Okta by 50.4% during the first quarter. Venturi Wealth Management LLC now owns 391 shares of the company’s stock valued at $41,000 after purchasing an additional 131 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in shares of Okta in the second quarter worth about $47,000. 86.64% of the stock is owned by hedge funds and other 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.