Okta, Inc. (NASDAQ:OKTA – Get Free Report) insider Larissa Schwartz sold 2,790 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $74.01, for a total transaction of $206,487.90. Following the completion of the sale, the insider now owns 27,713 shares in the company, valued at approximately $2,051,039.13. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Larissa Schwartz also recently made the following trade(s):
- On Tuesday, August 13th, Larissa Schwartz sold 2,795 shares of Okta stock. The shares were sold at an average price of $92.02, for a total value of $257,195.90.
- On Tuesday, July 16th, Larissa Schwartz sold 2,792 shares of Okta stock. The stock was sold at an average price of $99.40, for a total transaction of $277,524.80.
Okta Price Performance
OKTA traded up $0.18 during trading on Tuesday, reaching $74.21. The stock had a trading volume of 2,554,716 shares, compared to its average volume of 1,937,211. The business has a 50-day moving average of $88.92 and a 200-day moving average of $94.45. Okta, Inc. has a one year low of $65.04 and a one year high of $114.50. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market cap of $12.48 billion, a PE ratio of -44.44, a PEG ratio of 40.71 and a beta of 1.02.
Hedge Funds Weigh In On Okta
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. Evercore ISI upgraded shares of Okta from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $102.00 to $122.00 in a research note on Thursday, May 30th. Jefferies Financial Group cut their price target on shares of Okta from $110.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. Citigroup decreased their price objective on shares of Okta from $115.00 to $110.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Wedbush reissued an “outperform” rating and set a $130.00 target price on shares of Okta in a research report on Wednesday, May 29th. Finally, Bank of America downgraded Okta from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $135.00 to $75.00 in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Okta presently has a consensus rating of “Hold” and a consensus price target of $105.14.
Get Our Latest Research Report on Okta
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.
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