Captrust Financial Advisors Acquires 1,555 Shares of Okta, Inc. (NASDAQ:OKTA)

Captrust Financial Advisors increased its position in shares of Okta, Inc. (NASDAQ:OKTA) by 21.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,676 shares of the company’s stock after acquiring an additional 1,555 shares during the period. Captrust Financial Advisors’ holdings in Okta were worth $684,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of OKTA. Bank of Jackson Hole Trust bought a new stake in Okta during the 4th quarter worth $25,000. TD Private Client Wealth LLC grew its position in Okta by 3,507.7% during the 4th quarter. TD Private Client Wealth LLC now owns 469 shares of the company’s stock worth $37,000 after acquiring an additional 456 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Okta in the 4th quarter valued at about $43,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Okta in the 4th quarter valued at about $44,000. Finally, Blue Trust Inc. grew its position in shares of Okta by 103.8% in the 4th quarter. Blue Trust Inc. now owns 758 shares of the company’s stock valued at $56,000 after buying an additional 386 shares during the last quarter. Institutional investors own 86.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BTIG Research reiterated a “buy” rating on shares of Okta in a research report on Tuesday, March 4th. Morgan Stanley reduced their price target on Okta from $125.00 to $123.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. upped their price target on Okta from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. The Goldman Sachs Group upped their price target on Okta from $107.00 to $123.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Finally, Stephens assumed coverage on Okta in a research report on Tuesday, April 1st. They issued an “equal weight” rating and a $127.00 price target on the stock. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Okta has an average rating of “Moderate Buy” and an average target price of $117.74.

Okta Stock Performance

Shares of OKTA opened at $127.30 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a 50 day moving average price of $108.15 and a two-hundred day moving average price of $94.00. The firm has a market capitalization of $22.10 billion, a P/E ratio of -363.71, a P/E/G ratio of 6.42 and a beta of 0.96. Okta, Inc. has a 52 week low of $70.56 and a 52 week high of $127.57.

Insiders Place Their Bets

In other news, insider Eric Robert Kelleher sold 5,895 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $113.75, for a total value of $670,556.25. Following the completion of the transaction, the insider now directly owns 9,828 shares of the company’s stock, valued at $1,117,935. This represents a 37.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Larissa Schwartz sold 11,552 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $114.09, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 154,452 shares of company stock valued at $16,347,360. Corporate insiders own 5.68% of the company’s stock.

Okta Profile

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.