Keybank National Association OH increased its stake in shares of Okta Inc (NASDAQ:OKTA) by 2.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,806 shares of the company’s stock after acquiring an additional 1,346 shares during the period. Keybank National Association OH’s holdings in Okta were worth $4,841,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of OKTA. First Trust Advisors LP acquired a new stake in shares of Okta during the second quarter worth $115,170,000. FMR LLC increased its stake in Okta by 28.9% in the 2nd quarter. FMR LLC now owns 7,078,025 shares of the company’s stock valued at $356,520,000 after buying an additional 1,585,500 shares during the last quarter. BlackRock Inc. increased its stake in Okta by 66.0% in the 2nd quarter. BlackRock Inc. now owns 3,802,964 shares of the company’s stock valued at $191,555,000 after buying an additional 1,512,528 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in Okta by 113.5% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,626,913 shares of the company’s stock valued at $81,948,000 after buying an additional 864,933 shares during the last quarter. Finally, Putnam Investments LLC increased its stake in Okta by 23.5% in the 2nd quarter. Putnam Investments LLC now owns 3,145,511 shares of the company’s stock valued at $158,439,000 after buying an additional 599,141 shares during the last quarter. Institutional investors and hedge funds own 62.65% of the company’s stock.

Several equities research analysts have issued reports on OKTA shares. BidaskClub lowered shares of Okta from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 20th. SunTrust Banks lifted their price target on shares of Okta to $72.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Deutsche Bank lifted their price target on shares of Okta to $75.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Canaccord Genuity lifted their price target on shares of Okta from $60.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Finally, Needham & Company LLC lifted their price target on shares of Okta from $58.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Okta presently has a consensus rating of “Buy” and an average target price of $68.50.

In other news, COO Jacques Frederic Kerrest sold 1,177 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $69.85, for a total transaction of $82,213.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Jonathan T. Runyan sold 47,500 shares of the business’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $60.14, for a total transaction of $2,856,650.00. Following the transaction, the general counsel now owns 8,481 shares in the company, valued at $510,047.34. The disclosure for this sale can be found here. Insiders have sold a total of 386,642 shares of company stock worth $26,976,425 over the last 90 days. 20.59% of the stock is owned by company insiders.

Okta stock opened at $47.82 on Wednesday. The stock has a market cap of $5.31 billion, a PE ratio of -34.91 and a beta of 0.97. Okta Inc has a fifty-two week low of $24.93 and a fifty-two week high of $75.49. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 1.08.

Okta (NASDAQ:OKTA) last released its quarterly earnings data on Thursday, September 6th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.21. The company had revenue of $94.59 million for the quarter, compared to analyst estimates of $85.00 million. Okta had a negative net margin of 38.13% and a negative return on equity of 56.91%. Okta’s revenue for the quarter was up 57.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.16) EPS. Research analysts expect that Okta Inc will post -1.12 EPS for the current fiscal year.

WARNING: This report was first published by Daily Political and is owned by of Daily Political. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://www.dailypolitical.com/2018/11/21/okta-inc-okta-shares-bought-by-keybank-national-association-oh.html.

About Okta

Okta, Inc provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta Identity Cloud, a platform that offers a suite of products to manage and secure identities, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access their applications in the cloud or on-premise from various devices with a single entry of their user credentials; Adaptive Multi-Factor Authentication, a product that provides an additional layer of security for Web and mobile applications, and data of organization; Lifecycle Management, which enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; and Mobility Management, which simplifies and automates mobile device administration and provisioning across phones, tablets, and laptops.

Featured Article: What does relative strength index mean?

Want to see what other hedge funds are holding OKTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Okta Inc (NASDAQ:OKTA).

Institutional Ownership by Quarter for Okta (NASDAQ:OKTA)

Receive News & Ratings for Okta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Okta and related companies with MarketBeat.com's FREE daily email newsletter.