Jones Financial Companies Lllp Has $146,000 Stock Position in Okta, Inc. (NASDAQ:OKTA)

Jones Financial Companies Lllp lifted its position in shares of Okta, Inc. (NASDAQ:OKTA) by 114.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,847 shares of the company’s stock after purchasing an additional 985 shares during the quarter. Jones Financial Companies Lllp’s holdings in Okta were worth $146,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Paloma Partners Management Co acquired a new stake in shares of Okta during the 3rd quarter worth approximately $969,000. Stifel Financial Corp grew its holdings in shares of Okta by 56.1% during the 3rd quarter. Stifel Financial Corp now owns 37,258 shares of the company’s stock worth $2,770,000 after purchasing an additional 13,387 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Okta by 1,150.2% during the 4th quarter. Nordea Investment Management AB now owns 415,418 shares of the company’s stock worth $33,146,000 after purchasing an additional 382,190 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Okta by 105.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 358,182 shares of the company’s stock worth $26,627,000 after purchasing an additional 184,107 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Okta by 7.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 118,547 shares of the company’s stock worth $8,813,000 after purchasing an additional 8,239 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Insider Transactions at Okta

In other Okta news, CEO Todd Mckinnon sold 233,028 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $82.31, for a total value of $19,180,534.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jacques Frederic Kerrest sold 130,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $105.00, for a total value of $13,650,000.00. The disclosure for this sale can be found here. Insiders sold a total of 979,482 shares of company stock worth $88,072,216 over the last 90 days. 7.00% of the stock is owned by insiders.

Okta Trading Up 5.6 %

OKTA stock opened at $112.55 on Friday. The company has a market cap of $19.29 billion, a P/E ratio of -321.57, a PEG ratio of 6.42 and a beta of 1.09. Okta, Inc. has a twelve month low of $70.56 and a twelve month high of $116.96. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.06. The business has a fifty day moving average of $94.58 and a 200-day moving average of $83.35.

Wall Street Analysts Forecast Growth

Several research firms recently commented on OKTA. Wells Fargo & Company raised their target price on Okta from $95.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Canaccord Genuity Group raised their target price on Okta from $82.00 to $94.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. KeyCorp raised their target price on Okta from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Canaccord Genuity Group raised their target price on Okta from $94.00 to $100.00 and gave the stock a “hold” rating in a research report on Tuesday, March 4th. Finally, Morgan Stanley upgraded Okta from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $92.00 to $97.00 in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, Okta presently has an average rating of “Moderate Buy” and an average price target of $114.39.

Okta Company 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.