Okta, Inc. (OKTA) CFO Sells $78,000.00 in Stock
Okta, Inc. (NASDAQ:OKTA) CFO William E. Losch sold 2,600 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $30.00, for a total transaction of $78,000.00. Following the completion of the sale, the chief financial officer now owns 2,400 shares in the company, valued at $72,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Okta, Inc. (OKTA) traded up $0.44 during mid-day trading on Tuesday, hitting $29.98. 417,540 shares of the company were exchanged, compared to its average volume of 559,345. 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 company had revenue of $61.00 million for the quarter, compared to analysts’ expectations of $55.90 million. Okta’s revenue was up 63.1% compared to the same quarter last year. analysts predict that Okta, Inc. will post -0.96 earnings per share for the current year.
A number of research firms have recently weighed in on OKTA. KeyCorp restated a “buy” rating and issued a $35.00 target price on shares of Okta in a report on Friday, November 10th. Zacks Investment Research downgraded shares of Okta from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. SunTrust Banks, Inc. began coverage on shares of Okta in a report on Friday, October 27th. They issued a “buy” rating and a $36.00 target price on the stock. Oppenheimer Holdings, Inc. began coverage on shares of Okta in a report on Tuesday, October 10th. They issued an “outperform” rating and a $32.00 target price on the stock. Finally, William Blair began coverage on shares of Okta in a research note on Wednesday, October 4th. They set an “outperform” rating for the company. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $32.71.
Several hedge funds have recently added to or reduced their stakes in OKTA. Quantbot Technologies LP purchased a new stake in Okta in the 2nd quarter valued at about $101,000. SG Americas Securities LLC purchased a new stake in Okta in the 3rd quarter valued at about $128,000. CI Investments Inc. purchased a new stake in Okta in the 2nd quarter valued at about $171,000. Paulson & CO. Inc. purchased a new stake in Okta in the 2nd quarter valued at about $171,000. Finally, American Century Companies Inc. purchased a new stake in Okta in the 2nd quarter valued at about $201,000. 13.63% of the stock is owned by hedge funds and other institutional investors.
Okta Company Profile
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.
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