CenterBook Partners LP acquired a new stake in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 55,309 shares of the company's stock, valued at approximately $5,007,000.
Other institutional investors also recently made changes to their positions in the company. NBC Securities Inc. purchased a new stake in Okta during the 3rd quarter worth $27,000. GAMMA Investing LLC purchased a new stake in Okta during the 4th quarter worth $29,000. Principal Securities Inc. purchased a new stake in Okta during the 4th quarter worth $48,000. UMB Bank n.a. boosted its position in Okta by 150.5% during the 4th quarter. UMB Bank n.a. now owns 749 shares of the company's stock worth $68,000 after purchasing an additional 450 shares during the period. Finally, Lindbrook Capital LLC boosted its position in Okta by 61.6% during the 4th quarter. Lindbrook Capital LLC now owns 782 shares of the company's stock worth $71,000 after purchasing an additional 298 shares during the period. 86.64% of the stock is owned by hedge funds and other institutional investors.
Okta Price Performance
Shares of Okta stock traded down $0.27 on Friday, hitting $87.42. The company had a trading volume of 1,016,412 shares, compared to its average volume of 2,167,975. The business has a 50-day simple moving average of $96.27 and a 200-day simple moving average of $90.94. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market cap of $14.63 billion, a PE ratio of -52.35 and a beta of 1.03. Okta, Inc. has a 52 week low of $65.04 and a 52 week high of $114.50.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Robert W. Baird upped their price objective on shares of Okta from $90.00 to $108.00 and gave the company an "outperform" rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. upped their price objective on shares of Okta from $105.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday, May 30th. Susquehanna decreased their price objective on shares of Okta from $115.00 to $110.00 and set a "neutral" rating for the company in a research report on Thursday, May 30th. Needham & Company LLC reissued a "buy" rating and issued a $130.00 price objective on shares of Okta in a research report on Thursday, May 30th. Finally, UBS Group decreased their price objective on shares of Okta from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 30th. Nineteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $104.48.
Get Our Latest Report on OKTA
Insider Buying and Selling
In related news, Director Shellye L. Archambeau sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $106.96, for a total transaction of $534,800.00. Following the completion of the sale, the director now directly owns 6,042 shares in the company, valued at $646,252.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Shellye L. Archambeau sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $106.96, for a total value of $534,800.00. Following the completion of the sale, the director now owns 6,042 shares in the company, valued at approximately $646,252.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Shibu Ninan sold 4,279 shares of the company's stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $104.14, for a total transaction of $445,615.06. Following the completion of the sale, the chief accounting officer now owns 4,111 shares of the company's stock, valued at approximately $428,119.54. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.
About Okta
(Free Report)
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.
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