Okta, Inc. (NASDAQ:OKTA) Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its holdings in Okta, Inc. (NASDAQ:OKTA) by 12.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 17,676 shares of the company’s stock after buying an additional 1,975 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Okta were worth $1,655,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Banque Cantonale Vaudoise increased its position in shares of Okta by 4.3% in the first quarter. Banque Cantonale Vaudoise now owns 2,933 shares of the company’s stock worth $307,000 after acquiring an additional 122 shares in the last quarter. Caprock Group LLC increased its holdings in Okta by 4.7% in the 2nd quarter. Caprock Group LLC now owns 2,856 shares of the company’s stock valued at $267,000 after purchasing an additional 129 shares in the last quarter. National Bank of Canada FI increased its holdings in Okta by 11.0% in the 2nd quarter. National Bank of Canada FI now owns 1,315 shares of the company’s stock valued at $124,000 after purchasing an additional 130 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Okta by 71.4% in the first quarter. EverSource Wealth Advisors LLC now owns 341 shares of the company’s stock valued at $36,000 after purchasing an additional 142 shares during the period. Finally, CWM LLC lifted its stake in shares of Okta by 5.3% during the second quarter. CWM LLC now owns 2,910 shares of the company’s stock worth $272,000 after purchasing an additional 147 shares in the last quarter. 86.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Okta

In other Okta news, insider Larissa Schwartz sold 2,792 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $99.40, for a total value of $277,524.80. Following the sale, the insider now directly owns 29,809 shares of the company’s stock, valued at $2,963,014.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Todd Mckinnon sold 92,729 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $94.92, for a total value of $8,801,836.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Larissa Schwartz sold 2,792 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $99.40, for a total value of $277,524.80. Following the completion of the sale, the insider now owns 29,809 shares in the company, valued at $2,963,014.60. The disclosure for this sale can be found here. Insiders sold 347,411 shares of company stock worth $32,837,280 in the last 90 days. 7.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on OKTA shares. Piper Sandler lowered their target price on Okta from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Canaccord Genuity Group dropped their price objective on shares of Okta from $95.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. Scotiabank decreased their target price on shares of Okta from $104.00 to $92.00 and set a “sector perform” rating for the company in a research note on Thursday, August 29th. Evercore ISI raised shares of Okta from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $102.00 to $122.00 in a research note on Thursday, May 30th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Okta from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $105.14.

Okta Trading Up 1.0 %

NASDAQ OKTA opened at $75.75 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 1.83. Okta, Inc. has a one year low of $65.04 and a one year high of $114.50. The company has a 50-day simple moving average of $87.37 and a 200-day simple moving average of $93.61. The firm has a market capitalization of $12.87 billion, a PE ratio of -45.36, a price-to-earnings-growth ratio of 41.00 and a beta of 1.01.

Okta (NASDAQ:OKTA) last issued its earnings results on Wednesday, August 28th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.29. The company had revenue of $646.00 million during the quarter, compared to the consensus estimate of $632.24 million. Okta had a negative return on equity of 1.10% and a negative net margin of 5.55%. On average, equities analysts forecast that Okta, Inc. will post 0.08 earnings per share for the current year.

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.