Okta Inc (OKTA) Shares Bought by Keybank National Association OH
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.
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.
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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.
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