Larissa Schwartz Sells 2,704 Shares of Okta, Inc. (NASDAQ:OKTA) Stock

Okta, Inc. (NASDAQ:OKTA) insider Larissa Schwartz sold 2,704 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $89.58, for a total value of $242,224.32. Following the completion of the sale, the insider now directly owns 23,311 shares of the company’s stock, valued at $2,088,199.38. This represents a 10.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Larissa Schwartz also recently made the following trade(s):

• On Monday, December 30th, Larissa Schwartz sold 2,704 shares of Okta stock. The shares were sold at an average price of $80.50, for a total value of $217,672.00.
• On Monday, November 4th, Larissa Schwartz sold 2,791 shares of Okta stock. The shares were sold at an average price of $71.50, for a total value of $199,556.50.

Okta Price Performance

OKTA stock opened at $88.86 on Friday. The stock has a 50-day moving average price of $82.18 and a two-hundred day moving average price of $82.16. Okta, Inc. has a 12-month low of $70.56 and a 12-month high of $114.50. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06. The company has a market cap of $15.23 billion, a PE ratio of -253.89, a price-to-earnings-growth ratio of 8.95 and a beta of 1.00.

Institutional Investors Weigh In On Okta

A number of institutional investors have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Okta in the third quarter valued at about $25,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Okta in the third quarter valued at about $26,000. Blue Trust Inc. raised its stake in shares of Okta by 105.5% during the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $28,000 after purchasing an additional 191 shares during the period. Legacy Investment Solutions LLC acquired a new position in shares of Okta during the third quarter worth $32,000. Finally, Modus Advisors LLC acquired a new position in shares of Okta during the fourth quarter worth $44,000. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on OKTA shares. Westpark Capital reaffirmed a “buy” rating and set a $140.00 price objective on shares of Okta in a report on Wednesday, December 4th. Wells Fargo & Company lifted their price objective on Okta from $80.00 to $95.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. KeyCorp raised Okta from a “sector weight” rating to an “overweight” rating and set a $115.00 price objective for the company in a report on Thursday, December 19th. JPMorgan Chase & Co. raised Okta from a “neutral” rating to an “overweight” rating and set a $100.00 price objective for the company in a report on Monday, December 16th. Finally, Barclays lifted their price objective on Okta from $81.00 to $96.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $104.55.

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.