Okta, Inc. (NASDAQ:OKTA) General Counsel Jonathan T. Runyan sold 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $27.03, for a total value of $8,109,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Okta, Inc. (OKTA) opened at 27.99 on Monday. Okta, Inc. has a 1-year low of $21.52 and a 1-year high of $33.64. The stock has a 50 day moving average price of $27.61 and a 200 day moving average price of $24.98. The company’s market capitalization is $539.14 million.

Okta (NASDAQ:OKTA) last released its quarterly earnings results on Thursday, September 7th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.03). The firm had revenue of $61.00 million for the quarter, compared to the consensus estimate of $55.90 million. Okta’s quarterly revenue was up 63.1% compared to the same quarter last year. Analysts forecast that Okta, Inc. will post ($0.96) earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Insider Selling: Okta, Inc. (OKTA) General Counsel Sells $8,109,000.00 in Stock” was first posted by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.watchlistnews.com/insider-selling-okta-inc-okta-general-counsel-sells-8109000-00-in-stock/1618702.html.

Several equities research analysts have recently weighed in on the company. William Blair assumed coverage on Okta in a research note on Wednesday, October 4th. They issued an “outperform” rating on the stock. Zacks Investment Research upgraded Okta from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Wednesday, September 20th. Canaccord Genuity upped their price objective on Okta from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, September 8th. KeyCorp reiterated a “buy” rating and issued a $35.00 price objective on shares of Okta in a research note on Friday, September 8th. Finally, Pacific Crest reiterated an “outperform” rating and issued a $32.00 price objective on shares of Okta in a research note on Monday, June 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Okta currently has a consensus rating of “Buy” and an average target price of $32.20.

Large investors have recently made changes to their positions in the stock. Allen Operations LLC bought a new position in Okta in the second quarter valued at approximately $1,656,000. Hillman Co. bought a new position in Okta in the second quarter valued at approximately $6,975,000. Peregrine Capital Management LLC bought a new position in Okta in the second quarter valued at approximately $6,909,000. JPMorgan Chase & Co. bought a new position in Okta in the second quarter valued at approximately $21,855,000. Finally, Crawford Lake Capital Management LLC bought a new position in Okta in the second quarter valued at approximately $1,230,000. 13.00% of the stock is currently owned by institutional investors and hedge funds.

About Okta

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.

Receive News & Ratings for Okta Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Okta Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.