Okta, Inc. (NASDAQ:OKTA) COO Jacques Frederic Kerrest sold 5,500 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $30.00, for a total transaction of $165,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Friday, November 10th, Jacques Frederic Kerrest sold 85,858 shares of Okta stock. The shares were sold at an average price of $28.98, for a total transaction of $2,488,164.84.
  • 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 transaction 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 transaction 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 transaction of $2,536,447.50.
  • On Thursday, October 12th, Jacques Frederic Kerrest sold 122,504 shares of Okta stock. The stock was sold at an average price of $28.59, for a total transaction of $3,502,389.36.

Okta, Inc. (NASDAQ:OKTA) traded up $0.01 during midday trading on Friday, hitting $29.99. The stock had a trading volume of 568,300 shares, compared to its average volume of 559,401. Okta, Inc. has a fifty-two week low of $21.52 and a fifty-two week high of $33.64.

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

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Several institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in Okta during the second quarter worth approximately $101,000. SG Americas Securities LLC acquired a new position in Okta during the third quarter worth $128,000. Paulson & CO. Inc. acquired a new position in Okta during the second quarter worth $171,000. CI Investments Inc. acquired a new position in Okta during the second quarter worth $171,000. Finally, American Century Companies Inc. acquired a new position in Okta during the second quarter worth $201,000. 13.63% of the stock is owned by institutional investors and hedge funds.

Several analysts have commented on the stock. KeyCorp reissued a “buy” rating and set a $35.00 price target on shares of Okta in a research report on Friday, November 10th. Zacks Investment Research lowered shares of Okta from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. SunTrust Banks, Inc. assumed coverage on shares of Okta in a research report on Friday, October 27th. They issued a “buy” rating and a $36.00 price objective for the company. Oppenheimer Holdings, Inc. initiated coverage on shares of Okta in a research report on Tuesday, October 10th. They issued an “outperform” rating and a $32.00 price objective for the company. Finally, William Blair initiated coverage on shares of Okta in a report on Wednesday, October 4th. They issued an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $32.71.

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.

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

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