Okta, Inc. (NASDAQ:OKTA) Insider Larissa Schwartz Sells 11,552 Shares of Stock

Okta, Inc. (NASDAQ:OKTA) insider Larissa Schwartz sold 11,552 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $114.09, for a total value of $1,317,967.68. Following the transaction, the insider now owns 22,125 shares in the company, valued at $2,524,241.25. This represents a 34.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Larissa Schwartz also recently made the following trade(s):

• On Tuesday, February 11th, Larissa Schwartz sold 2,740 shares of Okta stock. The shares were sold at an average price of $97.59, for a total value of $267,396.60.
• On Wednesday, January 22nd, Larissa Schwartz sold 2,704 shares of Okta stock. The shares were sold at an average price of $89.58, for a total value of $242,224.32.
• On Monday, December 30th, Larissa Schwartz sold 2,704 shares of Okta stock. The shares were sold at an average price of $80.50, for a total value of $217,672.00.

Okta Trading Up 0.8 %

NASDAQ:OKTA opened at $113.74 on Friday. The firm has a market cap of $19.75 billion, a PE ratio of -324.97, a price-to-earnings-growth ratio of 6.42 and a beta of 1.09. The stock has a fifty day moving average price of $97.48 and a 200 day moving average price of $84.32. Okta, Inc. has a 12-month low of $70.56 and a 12-month high of $116.96. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on OKTA shares. Barclays raised their target price on Okta from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. Truist Financial lifted their price objective on Okta from $92.00 to $100.00 and gave the stock a “hold” rating in a research report on Tuesday, March 4th. Westpark Capital reiterated a “buy” rating and set a $140.00 price objective on shares of Okta in a research report on Friday, February 28th. The Goldman Sachs Group lifted their price objective on Okta from $107.00 to $123.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Finally, Susquehanna lifted their price objective on Okta from $95.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, Okta has an average rating of “Moderate Buy” and an average price target of $115.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Jackson Hole Trust purchased a new position in Okta in the fourth quarter valued at $25,000. Itau Unibanco Holding S.A. purchased a new stake in Okta during the 3rd quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new stake in Okta during the 3rd quarter worth about $32,000. TD Private Client Wealth LLC lifted its holdings in Okta by 3,507.7% during the 4th quarter. TD Private Client Wealth LLC now owns 469 shares of the company’s stock worth $37,000 after buying an additional 456 shares during the last quarter. Finally, University of Texas Texas AM Investment Management Co. purchased a new stake in Okta during the 4th quarter worth about $40,000. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

About Okta

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.