Okta Inc (NASDAQ:OKTA) General Counsel Jonathan T. Runyan sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $35.67, for a total value of $178,350.00. Following the transaction, the general counsel now directly owns 5,000 shares in the company, valued at $178,350. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Jonathan T. Runyan also recently made the following trade(s):
- On Wednesday, December 20th, Jonathan T. Runyan sold 9,375 shares of Okta stock. The shares were sold at an average price of $25.22, for a total value of $236,437.50.
Shares of Okta Inc (OKTA) traded up $0.67 during mid-day trading on Friday, reaching $36.49. The company had a trading volume of 2,240,605 shares, compared to its average volume of 1,205,808. Okta Inc has a fifty-two week low of $21.52 and a fifty-two week high of $37.24.
Okta (NASDAQ:OKTA) last announced its earnings results on Wednesday, December 6th. The company reported ($0.34) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.05. Okta had a negative return on equity of 169.65% and a negative net margin of 46.70%. The business had revenue of $68.24 million during the quarter, compared to analysts’ expectations of $62.79 million. equities analysts forecast that Okta Inc will post -1.48 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in shares of Okta in the 3rd quarter valued at $128,000. Invictus RG acquired a new position in shares of Okta in the 3rd quarter valued at $211,000. Hershey Trust Co. acquired a new position in shares of Okta in the 4th quarter valued at $195,000. Jane Street Group LLC acquired a new position in shares of Okta in the 3rd quarter valued at $247,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Okta in the 4th quarter valued at $239,000. Institutional investors and hedge funds own 28.18% of the company’s stock.
Several research analysts recently weighed in on the company. Deutsche Bank assumed coverage on Okta in a research note on Friday. They set a “buy” rating and a $43.00 target price for the company. Needham & Company LLC assumed coverage on Okta in a research note on Wednesday, February 14th. They set a “buy” rating and a $38.00 target price for the company. KeyCorp reaffirmed a “positive” rating and set a $43.00 target price (up previously from $35.00) on shares of Okta in a research note on Thursday. BidaskClub cut Okta from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st. Finally, Oppenheimer reaffirmed a “buy” rating and set a $34.00 target price on shares of Okta in a research note on Thursday, December 7th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $36.10.
Okta, Inc is a United States-based independent provider of identity for the enterprise. The Company’s Okta Identity Cloud connects and protects employees. It also connects enterprises to their partners, suppliers and customers. The Company offers products, such as Okta information technology (IT) Products and Okta for Developers.
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