Okta, Inc. (NASDAQ:OKTA) CFO Brett Tighe Sells 5,000 Shares of Stock

Okta, Inc. (NASDAQ:OKTA) CFO Brett Tighe sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $94.76, for a total value of $473,800.00. Following the completion of the transaction, the chief financial officer now owns 97,533 shares in the company, valued at $9,242,227.08. This represents a 4.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Brett Tighe also recently made the following trade(s):

• On Tuesday, January 28th, Brett Tighe sold 5,000 shares of Okta stock. The stock was sold at an average price of $94.56, for a total value of $472,800.00.
• On Thursday, January 23rd, Brett Tighe sold 5,000 shares of Okta stock. The shares were sold at an average price of $87.29, for a total value of $436,450.00.
• On Tuesday, January 21st, Brett Tighe sold 5,000 shares of Okta stock. The shares were sold at an average price of $89.00, for a total value of $445,000.00.

Okta Stock Performance

Shares of OKTA opened at $93.24 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.34 and a quick ratio of 1.34. Okta, Inc. has a one year low of $70.56 and a one year high of $114.50. The firm has a market capitalization of $15.98 billion, a P/E ratio of -266.40, a PEG ratio of 9.52 and a beta of 1.03. The business has a fifty day moving average of $84.41 and a 200 day moving average of $81.97.

Analyst Ratings Changes

Several equities research analysts recently weighed in on OKTA shares. Piper Sandler increased their target price on Okta from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. DA Davidson increased their price objective on Okta from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Needham & Company LLC increased their price objective on Okta from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Canaccord Genuity Group increased their price objective on Okta from $82.00 to $94.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, BTIG Research raised their target price on Okta from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Okta currently has an average rating of “Hold” and a consensus price target of $104.55.

Institutional Trading of Okta

Several large investors have recently modified their holdings of OKTA. Sanctuary Advisors LLC bought a new stake in shares of Okta in the second quarter worth $460,000. SG Americas Securities LLC grew its holdings in shares of Okta by 122.3% in the third quarter. SG Americas Securities LLC now owns 17,021 shares of the company’s stock worth $1,265,000 after acquiring an additional 9,364 shares during the period. Blue Zone Wealth Advisors LLC grew its holdings in shares of Okta by 5.1% in the third quarter. Blue Zone Wealth Advisors LLC now owns 17,232 shares of the company’s stock worth $1,281,000 after acquiring an additional 830 shares during the period. Atomi Financial Group Inc. lifted its position in Okta by 24.9% during the third quarter. Atomi Financial Group Inc. now owns 2,747 shares of the company’s stock valued at $204,000 after purchasing an additional 547 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in Okta during the third quarter valued at $26,000. Institutional investors own 86.64% of the company’s stock.

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.