Okta, Inc. (NASDAQ:OKTA) COO Jacques Frederic Kerrest sold 85,858 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $28.98, for a total value of $2,488,164.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Jacques Frederic Kerrest also recently made the following trade(s):

  • On Wednesday, October 18th, Jacques Frederic Kerrest sold 95,366 shares of Okta stock. The shares were sold at an average price of $27.14, for a total value of $2,588,233.24.
  • On Monday, October 16th, Jacques Frederic Kerrest sold 39,705 shares of Okta stock. The shares were sold at an average price of $27.63, for a total value of $1,097,049.15.
  • On Wednesday, October 11th, Jacques Frederic Kerrest sold 88,625 shares of Okta stock. The shares were sold at an average price of $28.62, for a total value of $2,536,447.50.
  • On Thursday, October 12th, Jacques Frederic Kerrest sold 122,504 shares of Okta stock. The shares were sold at an average price of $28.59, for a total value of $3,502,389.36.

Okta, Inc. (NASDAQ OKTA) opened at $29.15 on Wednesday. Okta, Inc. has a 52 week low of $21.52 and a 52 week high of $33.64.

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

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A number of large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in Okta during the third quarter worth $247,000. Allianz Asset Management GmbH acquired a new position in Okta during the third quarter worth $1,446,000. Engineers Gate Manager LP acquired a new position in Okta during the third quarter worth $1,381,000. California State Teachers Retirement System lifted its stake in Okta by 11.2% during the third quarter. California State Teachers Retirement System now owns 21,900 shares of the company’s stock worth $618,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Invictus RG acquired a new position in Okta during the third quarter worth $211,000. Institutional investors own 12.92% of the company’s stock.

A number of research firms recently commented on OKTA. 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 report on Thursday, September 14th. KeyCorp reiterated a “buy” rating and issued a $35.00 price objective on shares of Okta in a report on Friday, November 10th. Oppenheimer Holdings, Inc. began coverage on Okta in a report on Tuesday, October 10th. They issued an “outperform” rating and a $32.00 price objective on the stock. SunTrust Banks, Inc. began coverage on Okta in a report on Friday, October 27th. They issued a “buy” rating and a $36.00 price objective on the stock. Finally, Canaccord Genuity upped their price objective on Okta from $27.00 to $28.00 and gave the company a “hold” rating in a report on Friday, September 8th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $32.71.

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.

Insider Buying and Selling by Quarter for Okta (NASDAQ:OKTA)

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