Okta, Inc. (NASDAQ:OKTA) General Counsel Jonathan T. Runyan sold 64,396 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $29.00, for a total transaction of $1,867,484.00. Following the transaction, the general counsel now directly owns 19,366 shares of the company’s stock, valued at $561,614. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Okta, Inc. (NASDAQ:OKTA) traded down $0.40 during trading hours on Friday, hitting $28.57. 526,872 shares of the stock traded hands, compared to its average volume of 1,126,902.

Okta (NASDAQ:OKTA) last issued its quarterly earnings results on Thursday, September 7th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate 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. The firm’s revenue was up 63.1% on a year-over-year basis. equities research analysts expect that Okta, Inc. will post -0.96 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of OKTA. Peregrine Capital Management LLC acquired a new position in Okta during the second quarter valued at approximately $6,909,000. Spark Investment Management LLC bought a new position in Okta in the second quarter valued at approximately $3,841,000. Essex Investment Management Co. LLC bought a new position in Okta in the second quarter valued at approximately $2,321,000. Hillman Co. bought a new position in Okta in the second quarter valued at approximately $6,975,000. Finally, Gilder Gagnon Howe & Co. LLC bought a new position in Okta in the second quarter valued at approximately $23,054,000. Hedge funds and other institutional investors own 13.00% of the company’s stock.

OKTA has been the subject of a number of analyst reports. Canaccord Genuity reaffirmed a “hold” rating and set a $27.00 price objective on shares of Okta in a report on Wednesday, August 30th. Zacks Investment Research downgraded shares of Okta from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. KeyCorp reissued a “buy” rating and set a $35.00 price target on shares of Okta in a report on Friday, September 8th. William Blair started coverage on shares of Okta in a report on Wednesday, October 4th. They set an “outperform” rating for the company. Finally, Oppenheimer Holdings, Inc. started coverage on shares of Okta in a report on Tuesday, October 10th. They set an “outperform” rating and a $32.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus 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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