Jacques Frederic Kerrest Sells 1,552 Shares of Okta, Inc. (NASDAQ:OKTA) Stock

Okta, Inc. (NASDAQ:OKTA) Director Jacques Frederic Kerrest sold 1,552 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $86.99, for a total value of $135,008.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jacques Frederic Kerrest also recently made the following trade(s):

• On Monday, June 10th, Jacques Frederic Kerrest sold 18,878 shares of Okta stock. The shares were sold at an average price of $87.19, for a total value of $1,645,972.82.

Okta Stock Performance

Shares of NASDAQ OKTA opened at $88.30 on Thursday. Okta, Inc. has a one year low of $65.04 and a one year high of $114.50. The business’s 50-day moving average price is $93.40 and its two-hundred day moving average price is $92.58. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.73 and a current ratio of 1.73.

Okta (NASDAQ:OKTA) last announced its quarterly earnings results on Wednesday, May 29th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.27. The business had revenue of $617.00 million during the quarter, compared to analysts’ expectations of $604.33 million. Okta had a negative return on equity of 3.81% and a negative net margin of 11.69%. Sell-side analysts anticipate that Okta, Inc. will post -0.28 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OKTA. Banque Cantonale Vaudoise boosted its holdings in 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 purchasing an additional 122 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Okta by 50.4% in the first quarter. Venturi Wealth Management LLC now owns 391 shares of the company’s stock worth $41,000 after buying an additional 131 shares during the last quarter. Blue Zone Wealth Advisors LLC lifted its position in shares of Okta by 2.7% in the fourth quarter. Blue Zone Wealth Advisors LLC now owns 5,142 shares of the company’s stock worth $466,000 after buying an additional 134 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of Okta by 7.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,926 shares of the company’s stock worth $174,000 after acquiring an additional 138 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Okta by 71.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 341 shares of the company’s stock valued at $36,000 after acquiring an additional 142 shares during the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Wall Street Analyst Weigh In

OKTA has been the subject of a number of research analyst reports. Evercore ISI raised shares of Okta from an “in-line” rating to an “outperform” rating and upped their price target for the company from $102.00 to $122.00 in a report on Thursday, May 30th. UBS Group reduced their target price on shares of Okta from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, May 30th. Wedbush restated an “outperform” rating and issued a $130.00 price target on shares of Okta in a research report on Wednesday, May 29th. Robert W. Baird increased their price objective on Okta from $90.00 to $108.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Finally, Susquehanna decreased their target price on Okta from $115.00 to $110.00 and set a “neutral” rating on the stock in a report on Thursday, May 30th. Nineteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $105.58.

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.