Okta, Inc. (NASDAQ:OKTA) CEO Todd Mckinnon sold 57,236 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $28.77, for a total value of $1,646,679.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Todd Mckinnon also recently made the following trade(s):

  • On Monday, December 4th, Todd Mckinnon sold 75,000 shares of Okta stock. The stock was sold at an average price of $28.72, for a total value of $2,154,000.00.
  • On Wednesday, November 1st, Todd Mckinnon sold 75,000 shares of Okta stock. The stock was sold at an average price of $28.98, for a total value of $2,173,500.00.
  • On Monday, October 16th, Todd Mckinnon sold 25,455 shares of Okta stock. The stock was sold at an average price of $27.31, for a total value of $695,176.05.
  • On Wednesday, October 11th, Todd Mckinnon sold 40,158 shares of Okta stock. The stock was sold at an average price of $28.61, for a total value of $1,148,920.38.
  • On Thursday, October 12th, Todd Mckinnon sold 49,545 shares of Okta stock. The stock was sold at an average price of $28.59, for a total value of $1,416,491.55.

Shares of Okta, Inc. (OKTA) traded up $0.05 during midday trading on Tuesday, hitting $28.36. The stock had a trading volume of 512,607 shares, compared to its average volume of 551,161. Okta, Inc. has a one year low of $21.52 and a one year high of $33.64.

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

A number of hedge funds have recently modified their holdings of OKTA. Glynn Capital Management LLC bought a new stake in Okta during the second quarter worth about $45,855,000. FMR LLC bought a new stake in Okta during the second quarter worth about $23,135,000. Gilder Gagnon Howe & Co. LLC bought a new stake in Okta during the second quarter worth about $23,054,000. JPMorgan Chase & Co. bought a new stake in Okta during the second quarter worth about $21,855,000. Finally, Vanguard Group Inc. bought a new stake in Okta during the second quarter worth about $21,749,000. 14.33% of the stock is owned by hedge funds and other institutional investors.

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

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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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