Okta, Inc. (NASDAQ:OKTA) General Counsel Jonathan T. Runyan sold 3,124 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $28.98, for a total transaction of $90,533.52. Following the completion of the sale, the general counsel now owns 3,124 shares of the company’s stock, valued at $90,533.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Okta, Inc. (OKTA) traded up $0.05 during midday trading on Tuesday, hitting $28.36. 512,607 shares of the stock were exchanged, compared to its average volume of 551,161. Okta, Inc. has a 52-week low of $21.52 and a 52-week high of $33.64.

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 analysts’ consensus estimates of ($0.26) by ($0.03). The firm had revenue of $61.00 million for the quarter, compared to analysts’ expectations of $55.90 million. The firm’s revenue was up 63.1% compared to the same quarter last year. sell-side analysts anticipate that Okta, Inc. will post -0.96 EPS for the current fiscal year.

OKTA has been the subject of a number of research reports. Zacks Investment Research cut shares of Okta from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Canaccord Genuity restated a “hold” rating and issued a $27.00 price target on shares of Okta in a report on Wednesday, August 30th. KeyCorp restated a “buy” rating and issued a $35.00 price target on shares of Okta in a report on Friday, September 8th. William Blair initiated coverage on shares of Okta in a report on Wednesday, October 4th. They issued an “outperform” rating for the company. Finally, SunTrust Banks initiated coverage on shares of Okta in a report on Friday, October 27th. They issued a “buy” rating and a $36.00 price target for the company. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $32.71.

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Okta during the second quarter valued at about $101,000. SG Americas Securities LLC acquired a new position in shares of Okta during the third quarter valued at about $128,000. Invictus RG acquired a new position in shares of Okta during the third quarter valued at about $211,000. CI Investments Inc. acquired a new position in shares of Okta during the second quarter valued at about $171,000. Finally, Paulson & CO. Inc. acquired a new position in shares of Okta during the second quarter valued at about $171,000. Hedge funds and other institutional investors own 14.33% of the company’s stock.

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About Okta

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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