News stories about Okta (NASDAQ:OKTA) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Okta earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave media stories about the company an impact score of 47.3149151650755 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

Okta (NASDAQ OKTA) opened at $26.49 on Thursday. Okta has a 12 month low of $21.52 and a 12 month high of $33.64. The firm has a market cap of $2,700.00 and a price-to-earnings ratio of -23.03.

A number of equities analysts have commented on the stock. BidaskClub downgraded shares of Okta from a “hold” rating to a “sell” rating in a research report on Thursday, December 21st. Zacks Investment Research upgraded shares of Okta from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Wednesday, September 20th. Canaccord Genuity upped their price objective on shares of Okta from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, September 8th. Oppenheimer assumed coverage on shares of Okta in a research report on Tuesday, October 10th. They set an “outperform” rating and a $32.00 price objective for the company. Finally, William Blair assumed coverage on shares of Okta in a research report on Wednesday, October 4th. They set an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $33.00.

In other news, General Counsel Jonathan T. Runyan sold 9,375 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $25.22, for a total transaction of $236,437.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ventures Iv L.P. Khosla sold 300,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $25.49, for a total transaction of $7,647,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,388,504 shares of company stock worth $38,909,614.

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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.

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

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