Okta Inc (NASDAQ:OKTA) General Counsel Jonathan T. Runyan sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $35.67, for a total transaction of $178,350.00. Following the completion of the transaction, the general counsel now owns 5,000 shares in the company, valued at $178,350. The transaction was disclosed in a filing with the SEC, which is available at this link.
Jonathan T. Runyan also recently made the following trade(s):
- On Wednesday, December 20th, Jonathan T. Runyan sold 9,375 shares of Okta stock. The shares were sold at an average price of $25.22, for a total transaction of $236,437.50.
Okta Inc (NASDAQ:OKTA) traded up $0.67 during midday trading on Friday, hitting $36.49. 2,240,605 shares of the stock were exchanged, compared to its average volume of 1,573,808. Okta Inc has a one year low of $21.52 and a one year high of $37.24. The firm has a market cap of $3,700.00 and a P/E ratio of -31.73.
Okta (NASDAQ:OKTA) last posted its quarterly earnings data 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 expect that Okta Inc will post -1.48 earnings per share for the current fiscal year.
OKTA has been the topic of a number of recent research reports. KeyCorp restated a “buy” rating and issued a $35.00 target price on shares of Okta in a report on Friday, November 10th. SunTrust Banks initiated coverage on shares of Okta in a report on Friday, October 27th. They issued a “buy” rating and a $36.00 target price on the stock. Zacks Investment Research lowered shares of Okta from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Oppenheimer restated a “buy” rating and issued a $34.00 target price on shares of Okta in a report on Thursday, December 7th. Finally, BidaskClub upgraded shares of Okta from a “sell” rating to a “hold” rating in a report on Saturday, January 20th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Okta has an average rating of “Buy” and a consensus target price of $36.10.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. acquired a new stake in Okta during the 2nd quarter worth approximately $418,000. Bank of New York Mellon Corp acquired a new stake in Okta during the 2nd quarter worth approximately $777,000. Wells Fargo & Company MN acquired a new stake in Okta during the 2nd quarter worth approximately $242,000. Alliancebernstein L.P. acquired a new stake in Okta during the 2nd quarter worth approximately $499,000. Finally, Teachers Advisors LLC acquired a new stake in Okta during the 2nd quarter worth approximately $457,000. 28.18% of the stock is owned by institutional investors.
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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.
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