Vontobel Holding Ltd. Has $12.27 Million Stock Position in Okta, Inc. (NASDAQ:OKTA)

Vontobel Holding Ltd. lowered its holdings in shares of Okta, Inc. (NASDAQ:OKTA) by 12.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 165,066 shares of the company’s stock after selling 23,762 shares during the quarter. Vontobel Holding Ltd. owned about 0.10% of Okta worth $12,271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of OKTA. Future Financial Wealth Managment LLC bought a new stake in Okta during the third quarter worth approximately $26,000. City State Bank lifted its stake in shares of Okta by 160.0% in the first quarter. City State Bank now owns 260 shares of the company’s stock worth $27,000 after buying an additional 160 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Okta by 71.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 341 shares of the company’s stock worth $36,000 after buying an additional 142 shares during the period. First Command Advisory Services Inc. acquired a new position in Okta in the 2nd quarter valued at $47,000. Finally, nVerses Capital LLC bought a new position in Okta in the 2nd quarter worth $47,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

Insider Activity at Okta

In related news, CEO Todd Mckinnon sold 92,729 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $94.92, for a total transaction of $8,801,836.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Okta news, CEO Todd Mckinnon sold 92,729 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $94.92, for a total transaction of $8,801,836.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Larissa Schwartz sold 2,795 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $92.02, for a total value of $257,195.90. Following the completion of the transaction, the insider now owns 27,014 shares in the company, valued at $2,485,828.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 523,676 shares of company stock worth $44,592,544 over the last quarter. Company insiders own 7.00% of the company’s stock.

Okta Stock Performance

Shares of NASDAQ:OKTA opened at $75.72 on Thursday. The firm has a market cap of $12.74 billion, a PE ratio of -45.34, a PEG ratio of 26.91 and a beta of 1.02. Okta, Inc. has a 12-month low of $65.04 and a 12-month high of $114.50. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average price is $81.03 and its two-hundred day moving average price is $89.60.

Okta (NASDAQ:OKTA) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.29. Okta had a negative net margin of 5.55% and a negative return on equity of 1.10%. The company had revenue of $646.00 million for the quarter, compared to the consensus estimate of $632.24 million. Equities research analysts predict that Okta, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

OKTA has been the topic of a number of research analyst reports. Citigroup lowered their target price on Okta from $115.00 to $110.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. JPMorgan Chase & Co. cut their target price on shares of Okta from $110.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Guggenheim restated a “buy” rating and issued a $130.00 price target on shares of Okta in a research report on Tuesday, June 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $125.00 price objective on shares of Okta in a research report on Thursday, August 29th. Finally, The Goldman Sachs Group decreased their target price on Okta from $130.00 to $113.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $104.43.

Okta 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.