Okta Inc (NASDAQ:OKTA) Insider Charles Race Sells 794 Shares
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.
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.
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.
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