Okta Inc (NASDAQ:OKTA) insider Charles Race sold 794 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $102.57, for a total value of $81,440.58. Following the sale, the insider now owns 11,334 shares in the company, valued at approximately $1,162,528.38. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Charles Race also recently made the following trade(s):

  • On Tuesday, September 10th, Charles Race sold 50,000 shares of Okta stock. The shares were sold at an average price of $107.34, for a total value of $5,367,000.00.
  • On Friday, August 9th, Charles Race sold 50,000 shares of Okta stock. The shares were sold at an average price of $133.19, for a total value of $6,659,500.00.
  • On Friday, July 12th, Charles Race sold 50,000 shares of Okta stock. The shares were sold at an average price of $134.27, for a total value of $6,713,500.00.

Shares of OKTA stock traded up $0.80 during mid-day trading on Thursday, hitting $104.43. 40,600 shares of the company’s stock were exchanged, compared to its average volume of 3,016,450. Okta Inc has a fifty-two week low of $41.88 and a fifty-two week high of $141.85. The stock has a 50-day simple moving average of $125.34 and a two-hundred day simple moving average of $112.37. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.57. The stock has a market cap of $12.08 billion, a price-to-earnings ratio of -101.06 and a beta of 1.06.

Okta (NASDAQ:OKTA) last posted its quarterly earnings data on Wednesday, August 28th. The company reported ($0.32) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.32). Okta had a negative return on equity of 53.93% and a negative net margin of 31.90%. The business had revenue of $140.48 million for the quarter, compared to analysts’ expectations of $131.19 million. During the same quarter last year, the firm earned ($0.15) earnings per share. The business’s revenue was up 48.5% on a year-over-year basis. As a group, analysts anticipate that Okta Inc will post -1.4 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Lindbrook Capital LLC boosted its holdings in shares of Okta by 76.9% during the second quarter. Lindbrook Capital LLC now owns 230 shares of the company’s stock worth $28,000 after purchasing an additional 100 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in Okta by 122.4% in the second quarter. Valeo Financial Advisors LLC now owns 238 shares of the company’s stock valued at $29,000 after acquiring an additional 131 shares during the last quarter. Focused Wealth Management Inc acquired a new position in Okta in the second quarter valued at $30,000. Truewealth LLC acquired a new position in Okta in the second quarter valued at $33,000. Finally, CSat Investment Advisory L.P. acquired a new position in Okta in the second quarter valued at $34,000. Institutional investors and hedge funds own 69.12% of the company’s stock.

A number of equities research analysts have commented on the company. Robert W. Baird set a $135.00 target price on Okta and gave the company a “hold” rating in a report on Friday, September 13th. Oppenheimer increased their target price on Okta from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. BidaskClub cut Okta from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. DA Davidson increased their target price on Okta from $114.00 to $131.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, Guggenheim increased their target price on Okta from $125.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $128.67.

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 cloud, mobile, and Web applications, as well as for data; Lifecycle Management, which enables IT organizations or developers to manage a user's identity throughout its lifecycle; and API Access Management that enables organizations to secure APIs.It also offers customer support and training, and professional services.

Recommended Story: How analysts view the yield curve

Insider Buying and Selling 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.