Okta, Inc. (NASDAQ:OKTA) Shares Purchased by Blair William & Co. IL

Blair William & Co. IL boosted its position in Okta, Inc. (NASDAQ:OKTA) by 4.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 571,172 shares of the company’s stock after purchasing an additional 22,406 shares during the quarter. Blair William & Co. IL’s holdings in Okta were worth $139,754,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in OKTA. Price T Rowe Associates Inc. MD grew its holdings in Okta by 175.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,162,118 shares of the company’s stock valued at $1,799,176,000 after buying an additional 5,194,998 shares during the period. American Century Companies Inc. grew its holdings in Okta by 122.9% in the 2nd quarter. American Century Companies Inc. now owns 1,797,227 shares of the company’s stock valued at $439,745,000 after buying an additional 990,869 shares during the period. Jennison Associates LLC grew its holdings in Okta by 159.1% in the 1st quarter. Jennison Associates LLC now owns 1,032,803 shares of the company’s stock valued at $227,661,000 after buying an additional 634,233 shares during the period. Capital International Investors grew its holdings in Okta by 26.9% in the 1st quarter. Capital International Investors now owns 2,294,049 shares of the company’s stock valued at $505,677,000 after buying an additional 485,849 shares during the period. Finally, Artisan Partners Limited Partnership purchased a new stake in Okta in the 1st quarter valued at about $102,838,000. 83.75% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Todd Mckinnon sold 18,474 shares of the business’s stock in a transaction that occurred on Monday, September 20th. The shares were sold at an average price of $253.05, for a total transaction of $4,674,845.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Christopher K. Kramer sold 3,333 shares of the business’s stock in a transaction that occurred on Wednesday, September 15th. The shares were sold at an average price of $252.61, for a total transaction of $841,949.13. The disclosure for this sale can be found here. Insiders sold a total of 213,312 shares of company stock worth $53,948,479 over the last quarter. Insiders own 9.60% of the company’s stock.

A number of brokerages have recently issued reports on OKTA. Daiwa Capital Markets began coverage on Okta in a report on Thursday, June 24th. They set a “buy” rating and a $282.00 target price for the company. Piper Sandler upped their price target on Okta from $235.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, September 2nd. They noted that the move was a valuation call. Summit Insights upped their target price on Okta from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, September 2nd. Wolfe Research assumed coverage on Okta in a research report on Friday, August 6th. They issued an “outperform” rating and a $295.00 target price on the stock. Finally, BMO Capital Markets upped their target price on Okta from $265.00 to $293.00 and gave the company an “outperform” rating in a research report on Thursday, September 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $289.67.

Shares of OKTA stock traded down $9.76 during mid-day trading on Monday, hitting $243.67. 23,290 shares of the stock traded hands, compared to its average volume of 1,706,097. Okta, Inc. has a twelve month low of $199.08 and a twelve month high of $294.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.15 and a current ratio of 3.15. The company’s 50-day simple moving average is $250.11 and its 200-day simple moving average is $242.34. The firm has a market cap of $37.69 billion, a price-to-earnings ratio of -66.69 and a beta of 0.97.

Okta (NASDAQ:OKTA) last issued its quarterly earnings results on Tuesday, August 31st. The company reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.35) by $0.24. The company had revenue of $316.00 million during the quarter, compared to the consensus estimate of $293.16 million. Okta had a negative net margin of 52.47% and a negative return on equity of 18.64%. Okta’s revenue was up 57.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.07 EPS. Analysts forecast that Okta, Inc. will post -4.8 earnings per share for the current year.

Okta Company Profile

Okta, Inc engages in the provision of identity management platform for the enterprise. It operates through 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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Institutional Ownership by Quarter for Okta (NASDAQ:OKTA)

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