Okta, Inc. (NASDAQ:OKTA) COO Jacques Frederic Kerrest sold 85,858 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $28.98, for a total value of $2,488,164.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Wednesday, October 18th, Jacques Frederic Kerrest sold 95,366 shares of Okta stock. The shares were sold at an average price of $27.14, for a total value of $2,588,233.24.
  • On Monday, October 16th, Jacques Frederic Kerrest sold 39,705 shares of Okta stock. The shares were sold at an average price of $27.63, for a total value of $1,097,049.15.
  • On Wednesday, October 11th, Jacques Frederic Kerrest sold 88,625 shares of Okta stock. The shares were sold at an average price of $28.62, for a total value of $2,536,447.50.
  • On Thursday, October 12th, Jacques Frederic Kerrest sold 122,504 shares of Okta stock. The shares were sold at an average price of $28.59, for a total value of $3,502,389.36.

Okta, Inc. (NASDAQ OKTA) traded up $0.19 during trading hours on Monday, hitting $29.19. 338,800 shares of the company’s stock traded hands, compared to its average volume of 761,516. Okta, Inc. has a fifty-two week low of $21.52 and a fifty-two week high of $33.64.

Okta (NASDAQ:OKTA) last posted its quarterly earnings results on Thursday, September 7th. The company reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.03). The business had revenue of $61.00 million for the quarter, compared to analyst estimates of $55.90 million. Okta’s quarterly revenue was up 63.1% on a year-over-year basis. sell-side analysts forecast that Okta, Inc. will post -0.96 EPS for the current year.

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A number of analysts have issued reports on OKTA shares. SunTrust Banks, Inc. started coverage on Okta in a research report on Friday, October 27th. They issued a “buy” rating and a $36.00 target price on the stock. KeyCorp reissued a “buy” rating and issued a $35.00 target price on shares of Okta in a research report on Friday, September 8th. Zacks Investment Research raised Okta from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Thursday, September 14th. Canaccord Genuity boosted their target price on Okta from $27.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, September 8th. Finally, Oppenheimer Holdings, Inc. started coverage on Okta in a research report on Tuesday, October 10th. They issued an “outperform” rating and a $32.00 target price on the stock. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Okta has an average rating of “Buy” and an average price target of $32.71.

Several large investors have recently bought and sold shares of the business. California State Teachers Retirement System grew its stake in shares of Okta by 11.2% in the third quarter. California State Teachers Retirement System now owns 21,900 shares of the company’s stock worth $618,000 after acquiring an additional 2,200 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Okta by 32.3% in the third quarter. Wells Fargo & Company MN now owns 14,013 shares of the company’s stock worth $395,000 after acquiring an additional 3,421 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Okta in the second quarter worth $101,000. SG Americas Securities LLC acquired a new position in shares of Okta in the third quarter worth $128,000. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Okta by 30.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 23,900 shares of the company’s stock worth $675,000 after acquiring an additional 5,600 shares in the last quarter. Institutional investors and hedge funds own 12.92% of the company’s stock.

Okta Company Profile

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.

Insider Buying and Selling by Quarter for Okta (NASDAQ:OKTA)

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