Okta, Inc. (OKTA) CEO Sells 75,000 Shares
Okta, Inc. (NASDAQ:OKTA) CEO Todd Mckinnon sold 75,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $28.98, for a total transaction of $2,173,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Todd Mckinnon also recently made the following trade(s):
- On Monday, October 16th, Todd Mckinnon sold 25,455 shares of Okta stock. The shares were sold at an average price of $27.31, for a total transaction of $695,176.05.
- On Wednesday, October 11th, Todd Mckinnon sold 40,158 shares of Okta stock. The shares were sold at an average price of $28.61, for a total transaction of $1,148,920.38.
- On Thursday, October 12th, Todd Mckinnon sold 49,545 shares of Okta stock. The shares were sold at an average price of $28.59, for a total transaction of $1,416,491.55.
Shares of Okta, Inc. (OKTA) traded down $0.47 during trading hours on Friday, reaching $28.50. 695,699 shares of the company were exchanged, compared to its average volume of 1,126,902.
Okta (NASDAQ:OKTA) last issued its quarterly earnings data on Thursday, September 7th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.03). The company had revenue of $61.00 million for the quarter, compared to analysts’ expectations of $55.90 million. Okta’s revenue was up 63.1% compared to the same quarter last year. equities analysts expect that Okta, Inc. will post -0.96 EPS for the current fiscal year.
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Large investors have recently modified their holdings of the stock. Quantbot Technologies LP bought a new stake in Okta in the second quarter worth $101,000. CI Investments Inc. bought a new stake in Okta in the second quarter worth $171,000. Paulson & CO. Inc. bought a new stake in Okta in the second quarter worth $171,000. American Century Companies Inc. bought a new stake in Okta in the second quarter worth $201,000. Finally, Pacad Investment Ltd. bought a new stake in Okta in the second quarter worth $207,000. Hedge funds and other institutional investors own 13.00% of the company’s stock.
Several research firms have recently commented on OKTA. SunTrust Banks, Inc. began coverage on shares of Okta in a report on Friday, October 27th. They set a “buy” rating and a $36.00 price target on the stock. Oppenheimer Holdings, Inc. began coverage on shares of Okta in a report on Tuesday, October 10th. They set an “outperform” rating and a $32.00 price target on the stock. William Blair began coverage on shares of Okta in a report on Wednesday, October 4th. They set an “outperform” rating on the stock. Zacks Investment Research upgraded shares of Okta from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Wednesday, September 20th. Finally, Canaccord Genuity boosted their price target on shares of Okta from $27.00 to $28.00 and gave the company a “hold” rating in a report on Friday, September 8th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $32.71.
Okta, Inc is a United States-based independent provider of identity for the enterprise. The Company’s Okta Identity Cloud connects and protects employees. It also connects enterprises to their partners, suppliers and customers. The Company offers products, such as Okta information technology (IT) Products and Okta for Developers.
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