Numerai GP LLC purchased a new stake in Okta, Inc. (NASDAQ:OKTA – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 4,171 shares of the company’s stock, valued at approximately $329,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in OKTA. Norges Bank acquired a new position in Okta in the fourth quarter valued at about $234,992,000. Ameriprise Financial Inc. boosted its holdings in Okta by 2,135.7% in the fourth quarter. Ameriprise Financial Inc. now owns 1,914,254 shares of the company’s stock valued at $150,845,000 after purchasing an additional 1,828,630 shares during the period. Alyeska Investment Group L.P. raised its position in Okta by 2,309.4% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,772,751 shares of the company’s stock valued at $139,693,000 after purchasing an additional 1,699,176 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Okta by 35.5% in the 4th quarter. Marshall Wace LLP now owns 3,583,937 shares of the company’s stock valued at $282,414,000 after buying an additional 938,509 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of Okta by 874.6% during the fourth quarter. AQR Capital Management LLC now owns 849,642 shares of the company’s stock worth $66,952,000 after buying an additional 762,460 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.
Okta Stock Up 0.9%
Shares of NASDAQ:OKTA opened at $124.39 on Friday. Okta, Inc. has a fifty-two week low of $70.56 and a fifty-two week high of $125.48. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.06. The firm’s 50-day simple moving average is $107.74 and its 200-day simple moving average is $93.48. The company has a market cap of $21.59 billion, a price-to-earnings ratio of -355.40, a PEG ratio of 6.42 and a beta of 0.96.
Insider Buying and Selling
Analyst Ratings Changes
OKTA has been the topic of several analyst reports. Scotiabank raised their target price on shares of Okta from $94.00 to $109.00 and gave the company a “sector perform” rating in a report on Tuesday, March 4th. Barclays boosted their target price on shares of Okta from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Mizuho raised their price target on Okta from $127.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday. Morgan Stanley lowered their price objective on Okta from $125.00 to $123.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Finally, Oppenheimer raised their target price on Okta from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.74.
Read Our Latest Research Report on OKTA
Okta Company Profile
Okta, Inc operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials.
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