Insider Selling: Okta Inc (NASDAQ:OKTA) General Counsel Sells $5,994,502.88 in Stock

Okta Inc (NASDAQ:OKTA) General Counsel Jonathan T. Runyan sold 46,876 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $127.88, for a total transaction of $5,994,502.88. Following the sale, the general counsel now directly owns 46,876 shares of the company’s stock, valued at $5,994,502.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jonathan T. Runyan also recently made the following trade(s):

  • On Wednesday, June 19th, Jonathan T. Runyan sold 3,329 shares of Okta stock. The shares were sold at an average price of $129.77, for a total transaction of $432,004.33.

OKTA opened at $135.29 on Friday. Okta Inc has a 52-week low of $41.88 and a 52-week high of $137.80. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $15.44 billion, a P/E ratio of -131.35 and a beta of 1.01. The firm’s 50-day moving average is $123.58.



Okta (NASDAQ:OKTA) last posted its quarterly earnings data on Thursday, May 30th. The company reported ($0.39) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.01. Okta had a negative net margin of 34.37% and a negative return on equity of 53.36%. The firm had revenue of $125.20 million for the quarter, compared to the consensus estimate of $116.83 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 49.8% compared to the same quarter last year. On average, research analysts expect that Okta Inc will post -1.35 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. MUFG Securities EMEA plc acquired a new position in Okta in the 4th quarter worth approximately $7,669,000. Brown Advisory Inc. increased its holdings in Okta by 1.1% in the 4th quarter. Brown Advisory Inc. now owns 64,967 shares of the company’s stock worth $4,146,000 after buying an additional 697 shares during the period. Columbus Circle Investors acquired a new position in Okta in the 1st quarter worth approximately $9,127,000. Financial Advocates Investment Management increased its holdings in Okta by 4,123.4% in the 4th quarter. Financial Advocates Investment Management now owns 13,515 shares of the company’s stock worth $701,000 after buying an additional 13,195 shares during the period. Finally, Bollard Group LLC increased its holdings in Okta by 26.9% in the 1st quarter. Bollard Group LLC now owns 58,100 shares of the company’s stock worth $4,807,000 after buying an additional 12,300 shares during the period. Institutional investors own 77.87% of the company’s stock.

Several analysts have commented on OKTA shares. Piper Jaffray Companies set a $360.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Friday, May 31st. Goldman Sachs Group set a €137.00 ($159.30) price target on shares of Safran and gave the company a “buy” rating in a research report on Monday, March 18th. Morgan Stanley decreased their price target on shares of Zuora from $22.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, May 31st. Canaccord Genuity reissued a “hold” rating on shares of National Bank of Canada in a research report on Friday, May 31st. Finally, Mizuho started coverage on shares of Fortinet in a report on Tuesday, March 26th. They set a “neutral” rating and a $90.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Okta currently has a consensus rating of “Buy” and an average target price of $100.28.

Okta Company Profile

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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Insider Buying and Selling by Quarter for Okta (NASDAQ:OKTA)

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