Creative Financial Designs Inc. ADV Has $166,000 Stake in Okta, Inc. (NASDAQ:OKTA)

Creative Financial Designs Inc. ADV lifted its holdings in shares of Okta, Inc. (NASDAQ:OKTA) by 23.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,111 shares of the company’s stock after acquiring an additional 407 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Okta were worth $166,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Frank Rimerman Advisors LLC grew its position in shares of Okta by 2.4% during the 4th quarter. Frank Rimerman Advisors LLC now owns 4,465 shares of the company’s stock worth $352,000 after buying an additional 105 shares during the period. Stephens Inc. AR boosted its stake in Okta by 5.0% during the 4th quarter. Stephens Inc. AR now owns 3,296 shares of the company’s stock worth $260,000 after acquiring an additional 157 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Okta by 2.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,135 shares of the company’s stock worth $605,000 after acquiring an additional 180 shares during the last quarter. Great Lakes Advisors LLC boosted its stake in Okta by 2.7% during the 4th quarter. Great Lakes Advisors LLC now owns 7,070 shares of the company’s stock worth $557,000 after acquiring an additional 184 shares during the last quarter. Finally, CHICAGO TRUST Co NA boosted its stake in Okta by 6.5% during the 4th quarter. CHICAGO TRUST Co NA now owns 3,120 shares of the company’s stock worth $246,000 after acquiring an additional 191 shares during the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Insider Buying and Selling

In other news, insider Larissa Schwartz sold 2,704 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $80.50, for a total value of $217,672.00. Following the transaction, the insider now directly owns 24,462 shares of the company’s stock, valued at $1,969,191. This represents a 9.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eric Robert Kelleher sold 5,895 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $113.75, for a total transaction of $670,556.25. Following the completion of the transaction, the insider now directly owns 9,828 shares in the company, valued at $1,117,935. The trade was a 37.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 985,377 shares of company stock worth $88,742,772. Insiders own 7.00% of the company’s stock.

Okta Price Performance

Shares of OKTA opened at $114.08 on Thursday. The company has a market cap of $19.80 billion, a price-to-earnings ratio of -325.94, a PEG ratio of 6.42 and a beta of 1.09. Okta, Inc. has a 1-year low of $70.56 and a 1-year high of $116.96. The company’s fifty day simple moving average is $96.35 and its 200 day simple moving average is $83.87. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Canaccord Genuity Group lifted their price objective on shares of Okta from $94.00 to $100.00 and gave the stock a “hold” rating in a research note on Tuesday, March 4th. UBS Group set a $135.00 price objective on shares of Okta in a research note on Tuesday, March 4th. BMO Capital Markets lifted their price objective on shares of Okta from $105.00 to $130.00 and gave the stock a “market perform” rating in a research note on Monday, March 10th. Piper Sandler lifted their price target on shares of Okta from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group lifted their price target on shares of Okta from $107.00 to $123.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, Okta has an average rating of “Moderate Buy” and an average target price of $115.29.

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.