Okta Inc (OKTA) CFO Sells $323,056.00 in Stock

Okta Inc (NASDAQ:OKTA) CFO William E. Losch sold 12,200 shares of the stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $26.48, for a total value of $323,056.00. Following the transaction, the chief financial officer now directly owns 12,200 shares in the company, valued at $323,056. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Okta Inc (NASDAQ OKTA) opened at $29.18 on Monday. Okta Inc has a 1-year low of $21.52 and a 1-year high of $33.64. The company has a market cap of $2,970.00 and a PE ratio of -25.37.

Okta (NASDAQ:OKTA) last announced its quarterly earnings results on Wednesday, December 6th. The company reported ($0.34) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.05. Okta had a negative net margin of 46.70% and a negative return on equity of 169.65%. equities analysts predict that Okta Inc will post -0.86 earnings per share for the current year.

OKTA has been the topic of several research analyst reports. KeyCorp reissued a “buy” rating and set a $35.00 price target on shares of Okta in a report on Friday, November 10th. SunTrust Banks assumed coverage on Okta in a research note on Friday, October 27th. They issued a “buy” rating and a $36.00 price objective for the company. Zacks Investment Research lowered Okta from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Oppenheimer restated a “buy” rating and issued a $34.00 price objective on shares of Okta in a research note on Thursday, December 7th. Finally, William Blair assumed coverage on Okta in a research note on Wednesday, October 4th. They issued an “outperform” rating for the company. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $33.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in shares of Okta by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 1,010,369 shares of the company’s stock worth $29,291,000 after acquiring an additional 51,761 shares during the period. Capital World Investors purchased a new position in shares of Okta during the second quarter worth approximately $11,400,000. Bamco Inc. NY purchased a new position in shares of Okta during the second quarter worth approximately $914,000. Capital Research Global Investors purchased a new position in shares of Okta during the second quarter worth approximately $9,947,000. Finally, Janus Henderson Group PLC purchased a new position in shares of Okta during the second quarter worth approximately $8,916,000. 15.62% of the stock is owned by institutional investors and hedge funds.

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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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