749 Shares in Okta, Inc. (NASDAQ:OKTA) Bought by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC acquired a new stake in Okta, Inc. (NASDAQ:OKTA) during the third quarter, according to its most recent filing with the SEC. The firm acquired 749 shares of the company’s stock, valued at approximately $56,000.

Other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP boosted its holdings in shares of Okta by 117.4% in the second quarter. Marshall Wace LLP now owns 2,273,700 shares of the company’s stock valued at $212,841,000 after acquiring an additional 1,227,890 shares in the last quarter. Eminence Capital LP boosted its holdings in Okta by 18.1% in the 2nd quarter. Eminence Capital LP now owns 1,989,375 shares of the company’s stock valued at $186,225,000 after purchasing an additional 305,381 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Okta by 232.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 396,538 shares of the company’s stock worth $29,479,000 after purchasing an additional 277,084 shares during the period. Truist Financial Corp raised its stake in shares of Okta by 62.5% during the 2nd quarter. Truist Financial Corp now owns 522,057 shares of the company’s stock worth $48,870,000 after buying an additional 200,770 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Okta by 20.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,029,753 shares of the company’s stock valued at $96,388,000 after buying an additional 178,011 shares during the period. 86.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Okta

In other Okta news, insider Larissa Schwartz sold 2,791 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $71.50, for a total transaction of $199,556.50. Following the completion of the sale, the insider now directly owns 22,125 shares in the company, valued at $1,581,937.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Larissa Schwartz sold 2,791 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $71.50, for a total value of $199,556.50. Following the completion of the sale, the insider now owns 22,125 shares of the company’s stock, valued at $1,581,937.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Todd Mckinnon sold 224,533 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $74.62, for a total value of $16,754,652.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 478,584 shares of company stock worth $35,958,556. Company insiders own 7.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. BMO Capital Markets increased their price objective on Okta from $100.00 to $103.00 and gave the stock a “market perform” rating in a research report on Thursday, August 29th. BTIG Research reduced their price objective on shares of Okta from $128.00 to $98.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Jefferies Financial Group decreased their price objective on shares of Okta from $100.00 to $85.00 and set a “hold” rating on the stock in a report on Tuesday, September 24th. Royal Bank of Canada dropped their target price on shares of Okta from $125.00 to $101.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Finally, Canaccord Genuity Group lowered their price target on Okta from $90.00 to $82.00 and set a “hold” rating on the stock in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $99.39.

Okta Trading Up 3.4 %

OKTA stock opened at $76.61 on Thursday. The company has a market cap of $13.01 billion, a price-to-earnings ratio of -91.20, a PEG ratio of 16.96 and a beta of 1.02. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $74.84 and a 200-day simple moving average of $87.04. Okta, Inc. has a 52 week low of $65.98 and a 52 week high of $114.50.

Okta (NASDAQ:OKTA) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.29. The company had revenue of $646.00 million during the quarter, compared to analyst estimates of $632.24 million. Okta had a negative return on equity of 1.10% and a negative net margin of 5.55%. On average, equities research analysts expect that Okta, Inc. will post 0.19 EPS for the current year.

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.