Vanguard Personalized Indexing Management LLC Reduces Stock Holdings in Okta, Inc. (NASDAQ:OKTA)

Vanguard Personalized Indexing Management LLC cut its position in shares of Okta, Inc. (NASDAQ:OKTAFree Report) by 12.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,902 shares of the company’s stock after selling 2,214 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Okta were worth $1,349,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of OKTA. Cerity Partners LLC increased its position in shares of Okta by 6,192.3% during the 4th quarter. Cerity Partners LLC now owns 3,172,223 shares of the company’s stock worth $287,181,000 after purchasing an additional 3,121,809 shares during the last quarter. a16z Perennial Management L.P. purchased a new position in Okta during the fourth quarter worth about $54,125,000. Charles Schwab Investment Management Inc. increased its position in shares of Okta by 79.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 938,097 shares of the company’s stock valued at $76,464,000 after acquiring an additional 416,028 shares during the last quarter. Glenmede Trust Co. NA raised its stake in shares of Okta by 1,042.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 210,981 shares of the company’s stock valued at $17,197,000 after acquiring an additional 192,513 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Okta by 2,721.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 176,071 shares of the company’s stock worth $15,940,000 after acquiring an additional 169,830 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Okta Stock Up 2.2 %

Shares of NASDAQ:OKTA opened at $102.96 on Friday. Okta, Inc. has a 12 month low of $65.04 and a 12 month high of $114.50. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. The company’s fifty day moving average price is $99.97 and its 200 day moving average price is $88.49.

Okta (NASDAQ:OKTAGet Free Report) last posted its earnings results on Wednesday, February 28th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.35. The business had revenue of $605.00 million for the quarter, compared to analysts’ expectations of $586.25 million. Okta had a negative return on equity of 5.69% and a negative net margin of 15.69%. On average, equities research analysts anticipate that Okta, Inc. will post -1.51 EPS for the current fiscal year.

Insider Activity

In other news, Director Shellye L. Archambeau sold 5,000 shares of Okta stock in a transaction 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 transaction, the director now directly owns 6,042 shares of the company’s stock, valued at approximately $646,252.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Okta news, CAO Shibu Ninan sold 4,279 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was 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 directly owns 4,111 shares of the company’s stock, valued at approximately $428,119.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Shellye L. Archambeau sold 5,000 shares of Okta 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 transaction, the director now owns 6,042 shares in the company, valued at $646,252.32. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Robert W. Baird boosted their target price on Okta from $90.00 to $108.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Wedbush restated an “outperform” rating and set a $130.00 target price on shares of Okta in a report on Friday, May 10th. Susquehanna lifted their target price on Okta from $70.00 to $115.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. Evercore ISI increased their price target on shares of Okta from $70.00 to $102.00 and gave the stock an “in-line” rating in a research report on Thursday, February 29th. Finally, Sanford C. Bernstein lifted their price objective on shares of Okta from $84.00 to $114.00 and gave the company a “market perform” rating in a report on Thursday, February 29th. Twenty analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $101.84.

View Our Latest Research Report on Okta

Okta Profile

(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.

Recommended Stories

Institutional Ownership by Quarter for Okta (NASDAQ:OKTA)

Receive News & Ratings for Okta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Okta and related companies with MarketBeat.com's FREE daily email newsletter.