Okta, Inc. (NASDAQ:OKTA – Get Rating) insider Larissa Schwartz sold 452 shares of the stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $82.48, for a total value of $37,280.96. Following the completion of the sale, the insider now owns 20,149 shares in the company, valued at approximately $1,661,889.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Okta Stock Performance
Shares of NASDAQ:OKTA traded down $0.53 during trading on Friday, hitting $83.83. The stock had a trading volume of 3,018,648 shares, compared to its average volume of 2,817,271. Okta, Inc. has a 12-month low of $44.12 and a 12-month high of $176.18. The stock has a market capitalization of $19.03 billion, a price-to-earnings ratio of -16.21 and a beta of 1.12. The company has a quick ratio of 2.30, a current ratio of 2.20 and a debt-to-equity ratio of 0.40. The stock has a 50-day simple moving average of $74.71 and a two-hundred day simple moving average of $64.62.
Okta (NASDAQ:OKTA – Get Rating) last announced its quarterly earnings data on Wednesday, March 1st. The company reported ($0.70) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.81) by $0.11. Okta had a negative return on equity of 12.53% and a negative net margin of 43.87%. The firm had revenue of $510.00 million during the quarter, compared to analysts’ expectations of $488.99 million. On average, equities research analysts expect that Okta, Inc. will post -3.08 earnings per share for the current fiscal year.
Analyst Ratings Changes
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. Synovus Financial Corp raised its stake in shares of Okta by 1.5% in the second quarter. Synovus Financial Corp now owns 6,978 shares of the company’s stock worth $631,000 after purchasing an additional 103 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its position in Okta by 0.7% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 18,281 shares of the company’s stock valued at $1,249,000 after acquiring an additional 136 shares in the last quarter. Captrust Financial Advisors raised its position in Okta by 2.4% during the second quarter. Captrust Financial Advisors now owns 5,953 shares of the company’s stock valued at $538,000 after acquiring an additional 137 shares in the last quarter. Sunbelt Securities Inc. raised its position in Okta by 4.0% during the fourth quarter. Sunbelt Securities Inc. now owns 3,928 shares of the company’s stock valued at $268,000 after acquiring an additional 151 shares in the last quarter. Finally, Toroso Investments LLC raised its position in Okta by 10.1% during the first quarter. Toroso Investments LLC now owns 1,717 shares of the company’s stock valued at $259,000 after acquiring an additional 157 shares in the last quarter. 73.02% of the stock is currently owned by hedge funds and other institutional investors.
Okta, Inc engages in the provision of an identity management platform for enterprises. It operates through the United States and International geographical segments. The firm’s products include single sign-on, multi-factor authentication, API access management, authentication, user management, and lifecycle management.
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