Okta, Inc. (NASDAQ:OKTA – Get Rating) insider Ledger Susan St. sold 2,660 shares of the company’s stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $79.97, for a total transaction of $212,720.20. Following the completion of the transaction, the insider now owns 36,641 shares of the company’s stock, valued at $2,930,180.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of NASDAQ OKTA traded up $3.63 on Friday, reaching $82.67. 5,293,454 shares of the company’s stock traded hands, compared to its average volume of 2,919,363. Okta, Inc. has a 12 month low of $77.01 and a 12 month high of $276.30. The business’s 50 day simple moving average is $106.80 and its two-hundred day simple moving average is $160.42. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.45 and a quick ratio of 2.45.
Okta (NASDAQ:OKTA – Get Rating) last announced its earnings results on Thursday, June 2nd. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.07. Okta had a negative net margin of 67.06% and a negative return on equity of 13.13%. The business had revenue of $414.94 million during the quarter, compared to the consensus estimate of $388.77 million. During the same quarter last year, the firm earned ($0.59) earnings per share. The business’s revenue for the quarter was up 65.3% on a year-over-year basis. Analysts expect that Okta, Inc. will post -5.57 EPS for the current fiscal year.
Several research analysts recently issued reports on the stock. Needham & Company LLC upped their target price on shares of Okta from $108.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, June 3rd. KeyCorp cut their target price on shares of Okta from $225.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday, April 5th. Oppenheimer cut their price target on shares of Okta from $210.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, June 3rd. Stifel Nicolaus cut their price target on shares of Okta from $195.00 to $115.00 in a research report on Friday, June 3rd. Finally, Piper Sandler cut their price target on shares of Okta from $270.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, June 3rd. Seven investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Okta has a consensus rating of “Buy” and a consensus price target of $180.70.
Okta Company Profile (Get Rating)
Okta, Inc provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta Identity Cloud, a platform that offers a suite of products and services, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access applications in the cloud or on-premise from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, Web applications, and data; Lifecycle Management that enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Access Gateway that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications; and Advanced Server Access to secure cloud infrastructure.
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