Atomi Financial Group Inc. raised its holdings in shares of Okta, Inc. (NASDAQ:OKTA – Free Report) by 24.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,747 shares of the company’s stock after acquiring an additional 547 shares during the quarter. Atomi Financial Group Inc.’s holdings in Okta were worth $204,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC acquired a new position in Okta during the fourth quarter worth $296,000. Wahed Invest LLC increased its holdings in shares of Okta by 8.6% in the fourth quarter. Wahed Invest LLC now owns 2,606 shares of the company’s stock valued at $236,000 after purchasing an additional 207 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Okta by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 15,719,619 shares of the company’s stock valued at $1,423,097,000 after purchasing an additional 438,496 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in shares of Okta by 19.5% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 3,405 shares of the company’s stock worth $308,000 after buying an additional 556 shares during the last quarter. Finally, Symmetry Partners LLC bought a new stake in shares of Okta during the 1st quarter worth about $221,000. 86.64% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Okta
In related news, CEO Todd Mckinnon sold 179,687 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $93.42, for a total value of $16,786,359.54. Following the completion of the transaction, the chief executive officer now owns 47,883 shares in the company, valued at $4,473,229.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Todd Mckinnon sold 179,687 shares of the business’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $93.42, for a total value of $16,786,359.54. Following the sale, the chief executive officer now owns 47,883 shares of the company’s stock, valued at $4,473,229.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Larissa Schwartz sold 2,790 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $74.01, for a total value of $206,487.90. Following the completion of the sale, the insider now owns 27,713 shares of the company’s stock, valued at $2,051,039.13. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 540,439 shares of company stock worth $46,557,801. Insiders own 7.00% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on Okta
Okta Stock Performance
Shares of Okta stock opened at $77.34 on Monday. The company’s 50 day moving average price is $81.43 and its two-hundred day moving average price is $90.06. The firm has a market capitalization of $13.01 billion, a P/E ratio of -46.31, a P/E/G ratio of 26.91 and a beta of 1.02. Okta, Inc. has a fifty-two week low of $65.04 and a fifty-two week high of $114.50. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.83 and a quick ratio of 1.83.
Okta (NASDAQ:OKTA – Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.29. Okta had a negative return on equity of 1.10% and a negative net margin of 5.55%. The company had revenue of $646.00 million for the quarter, compared to the consensus estimate of $632.24 million. On average, equities analysts forecast that Okta, Inc. will post 0.12 earnings per share for the current fiscal year.
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.
Featured Articles
- Five stocks we like better than Okta
- How to Invest in Blue Chip Stocks
- Why Fastenal Stock Could Hit New Highs After Strong Q3 Results
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Why Eli Lilly Stock Is Soaring—and How It Plans to Stay on Top
- Technology Stocks Explained: Here’s What to Know About Tech
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
Want to see what other hedge funds are holding OKTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Okta, Inc. (NASDAQ:OKTA – Free Report).
Receive News & Ratings for Okta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Okta and related companies with MarketBeat.com's FREE daily email newsletter.