Okta Inc (OKTA) CFO William E. Losch Sells 20,400 Shares

Okta Inc (NASDAQ:OKTA) CFO William E. Losch sold 20,400 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $30.04, for a total value of $612,816.00. Following the completion of the transaction, the chief financial officer now directly owns 20,400 shares in the company, valued at $612,816. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Okta Inc (OKTA) traded up $2.35 on Wednesday, hitting $33.92. The company had a trading volume of 2,370,000 shares, compared to its average volume of 1,520,000. The stock has a market cap of $3,460.00 and a price-to-earnings ratio of -29.50. Okta Inc has a twelve month low of $21.52 and a twelve month high of $34.13.

Okta (NASDAQ:OKTA) last released its quarterly earnings data on Wednesday, December 6th. The company reported ($0.34) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.05. Okta had a negative return on equity of 169.65% and a negative net margin of 46.70%. equities research analysts expect that Okta Inc will post -1.48 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in OKTA. Schwab Charles Investment Management Inc. purchased a new position in Okta in the second quarter valued at about $418,000. Bank of New York Mellon Corp purchased a new position in Okta in the second quarter valued at about $777,000. Wells Fargo & Company MN purchased a new position in Okta in the second quarter valued at about $242,000. Alliancebernstein L.P. purchased a new position in Okta in the second quarter valued at about $499,000. Finally, Teachers Advisors LLC purchased a new position in Okta in the second quarter valued at about $457,000. 16.95% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on the company. BidaskClub raised Okta from a “sell” rating to a “hold” rating in a research report on Saturday, January 20th. FBN Securities assumed coverage on Okta in a research report on Monday, January 22nd. They issued an “outperform” rating and a $35.00 target price on the stock. Oppenheimer reaffirmed a “buy” rating and issued a $34.00 target price on shares of Okta in a research report on Thursday, December 7th. KeyCorp reaffirmed a “buy” rating and issued a $35.00 target price on shares of Okta in a research report on Friday, November 10th. Finally, Needham & Company LLC assumed coverage on Okta in a research report on Wednesday. They issued a “buy” rating and a $38.00 target price on the stock. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Okta currently has an average rating of “Buy” and an average target price of $33.78.

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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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