Nomura Holdings Inc. Has $6.34 Million Stock Holdings in Okta, Inc. (NASDAQ:OKTA)

Nomura Holdings Inc. lessened its position in shares of Okta, Inc. (NASDAQ:OKTA) by 91.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 80,409 shares of the company’s stock after selling 910,258 shares during the quarter. Nomura Holdings Inc.’s holdings in Okta were worth $6,336,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of OKTA. Wealth Enhancement Advisory Services LLC lifted its position in Okta by 2.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,135 shares of the company’s stock valued at $605,000 after acquiring an additional 180 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Okta by 106.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 59,951 shares of the company’s stock worth $4,724,000 after acquiring an additional 30,957 shares during the last quarter. Advisors Management Group Inc. ADV raised its position in shares of Okta by 4.4% in the fourth quarter. Advisors Management Group Inc. ADV now owns 12,272 shares of the company’s stock valued at $967,000 after purchasing an additional 514 shares during the period. Connective Portfolio Management LLC purchased a new stake in shares of Okta during the fourth quarter worth $473,000. Finally, Channel Wealth LLC purchased a new stake in Okta during the 4th quarter worth about $2,761,000. Institutional investors own 86.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OKTA. Morgan Stanley decreased their target price on Okta from $125.00 to $123.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. KeyCorp raised their target price on Okta from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Susquehanna boosted their price objective on shares of Okta from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, March 4th. Royal Bank of Canada upped their price target on Okta from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 4th. Finally, Jefferies Financial Group raised their price objective on Okta from $90.00 to $110.00 and gave the company a “hold” rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Okta has an average rating of “Moderate Buy” and a consensus target price of $117.74.

Okta Trading Up 0.9%

Shares of OKTA stock opened at $124.39 on Friday. The firm has a market cap of $21.59 billion, a P/E ratio of -355.40, a PEG ratio of 6.42 and a beta of 0.96. The firm’s 50-day simple moving average is $107.74 and its 200-day simple moving average is $93.48. Okta, Inc. has a 1-year low of $70.56 and a 1-year high of $125.48. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.34 and a quick ratio of 1.34.

Insider Activity

In other news, CRO Jonathan James Addison sold 7,005 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $101.19, for a total transaction of $708,835.95. Following the transaction, the executive now owns 19,067 shares of the company’s stock, valued at approximately $1,929,389.73. This trade represents a 26.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Larissa Schwartz sold 11,552 shares of Okta stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $114.09, for a total transaction of $1,317,967.68. Following the completion of the transaction, the insider now directly owns 22,125 shares of the company’s stock, valued at approximately $2,524,241.25. This represents a 34.30% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 154,452 shares of company stock valued at $16,347,360. Company insiders own 7.00% of the company’s stock.

About Okta

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.