Okta Inc (OKTA) CFO William E. Losch Sells 12,200 Shares
Okta Inc (NASDAQ:OKTA) CFO William E. Losch sold 12,200 shares of the stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $26.48, for a total transaction of $323,056.00. Following the completion of the sale, the chief financial officer now owns 12,200 shares of the company’s stock, valued at approximately $323,056. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Okta Inc (NASDAQ OKTA) traded up $0.43 during trading on Friday, reaching $27.00. 2,833,453 shares of the company traded hands, compared to its average volume of 1,470,900. Okta Inc has a 12-month low of $21.52 and a 12-month high of $33.64. The firm has a market cap of $2,710.00 and a P/E ratio of -23.48.
A number of institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in Okta in the 3rd quarter valued at approximately $247,000. Allianz Asset Management GmbH acquired a new stake in Okta in the 3rd quarter valued at approximately $1,446,000. Engineers Gate Manager LP acquired a new stake in Okta in the 3rd quarter valued at approximately $1,381,000. California State Teachers Retirement System increased its holdings in Okta by 11.2% in the 3rd quarter. California State Teachers Retirement System now owns 21,900 shares of the company’s stock valued at $618,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Invictus RG acquired a new stake in Okta in the 3rd quarter valued at approximately $211,000. Hedge funds and other institutional investors own 13.41% of the company’s stock.
OKTA has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Okta from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Thursday, September 14th. William Blair initiated coverage on shares of Okta in a report on Wednesday, October 4th. They set an “outperform” rating for the company. SunTrust Banks initiated coverage on shares of Okta in a report on Friday, October 27th. They set a “buy” rating and a $36.00 price target for the company. KeyCorp restated a “buy” rating and set a $35.00 price target on shares of Okta in a report on Friday, November 10th. Finally, Oppenheimer restated a “buy” rating and set a $34.00 price target on shares of Okta in a report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.00.
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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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