Okta, Inc. (NASDAQ:OKTA – Get Rating) General Counsel Jonathan T. Runyan sold 3,143 shares of Okta stock in a transaction on Friday, September 16th. The shares were sold at an average price of $59.39, for a total value of $186,662.77. Following the sale, the general counsel now directly owns 446 shares of the company’s stock, valued at approximately $26,487.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Okta Price Performance
Shares of OKTA opened at $58.91 on Tuesday. The firm has a market cap of $9.36 billion, a PE ratio of -9.98 and a beta of 1.08. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $89.24 and a two-hundred day simple moving average of $107.85. Okta, Inc. has a 1-year low of $57.71 and a 1-year high of $272.27.
Okta (NASDAQ:OKTA – Get Rating) last posted its quarterly earnings data on Wednesday, August 31st. The company reported ($1.19) EPS for the quarter, topping the consensus estimate of ($1.41) by $0.22. The firm had revenue of $435.38 million during the quarter, compared to analyst estimates of $430.66 million. Okta had a negative return on equity of 13.18% and a negative net margin of 57.21%. Okta’s revenue was up 43.6% on a year-over-year basis. During the same period in the prior year, the business posted ($1.35) EPS. On average, equities analysts anticipate that Okta, Inc. will post -5.15 EPS for the current year.
Analysts Set New Price Targets
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of OKTA. Vanguard Group Inc. boosted its holdings in shares of Okta by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 13,506,847 shares of the company’s stock valued at $2,038,994,000 after purchasing an additional 264,423 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Okta by 4.9% during the 4th quarter. Capital Research Global Investors now owns 2,819,551 shares of the company’s stock valued at $632,059,000 after purchasing an additional 132,406 shares during the last quarter. Deer Management Co. LLC purchased a new stake in shares of Okta during the 4th quarter valued at about $614,155,000. Sands Capital Management LLC raised its position in Okta by 0.9% in the 2nd quarter. Sands Capital Management LLC now owns 2,657,882 shares of the company’s stock worth $240,273,000 after purchasing an additional 24,150 shares during the period. Finally, First Trust Advisors LP increased its position in shares of Okta by 4.0% during the first quarter. First Trust Advisors LP now owns 2,320,801 shares of the company’s stock worth $350,348,000 after acquiring an additional 89,070 shares during the period. Institutional investors own 75.47% of the company’s stock.
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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