Okta, Inc. (NASDAQ:OKTA) CRO Jonathan James Addison Sells 7,005 Shares

Okta, Inc. (NASDAQ:OKTA) CRO Jonathan James Addison sold 7,005 shares of the firm’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $101.19, for a total transaction of $708,835.95. Following the sale, the executive now directly owns 19,067 shares of the company’s stock, valued at approximately $1,929,389.73. The trade was a 26.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Okta Stock Performance

Shares of OKTA opened at $100.21 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06. Okta, Inc. has a 12 month low of $70.56 and a 12 month high of $118.07. The firm has a fifty day simple moving average of $102.27 and a 200 day simple moving average of $88.11. The stock has a market capitalization of $17.40 billion, a price-to-earnings ratio of -286.31, a PEG ratio of 6.42 and a beta of 1.07.

Wall Street Analyst Weigh In

A number of research firms recently commented on OKTA. KeyCorp increased their price target 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 company a “hold” rating in a research note on Tuesday, March 4th. Mizuho upgraded shares of Okta from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $110.00 to $127.00 in a research report on Tuesday, March 4th. Robert W. Baird increased their price objective on shares of Okta from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, March 4th. Finally, DA Davidson raised shares of Okta from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $90.00 to $125.00 in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.09.

Institutional Trading of Okta

Several institutional investors and hedge funds have recently bought and sold shares of OKTA. Bank of Jackson Hole Trust bought a new position in Okta in the fourth quarter valued at approximately $25,000. TD Private Client Wealth LLC boosted its holdings in shares of Okta by 3,507.7% in the 4th quarter. TD Private Client Wealth LLC now owns 469 shares of the company’s stock valued at $37,000 after buying an additional 456 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in shares of Okta in the fourth quarter valued at $40,000. Brown Brothers Harriman & Co. acquired a new position in Okta during the fourth quarter worth $43,000. Finally, Modus Advisors LLC bought a new stake in Okta during the fourth quarter worth $44,000. Institutional investors own 86.64% of the company’s stock.

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.