Okta, Inc. (NASDAQ:OKTA) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in Okta, Inc. (NASDAQ:OKTA) by 49.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 645,448 shares of the company’s stock after acquiring an additional 214,302 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.39% of Okta worth $67,527,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in OKTA. Stifel Financial Corp grew its stake in Okta by 53.4% in the 3rd quarter. Stifel Financial Corp now owns 25,672 shares of the company’s stock valued at $2,093,000 after acquiring an additional 8,942 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in Okta during the 3rd quarter worth $216,000. Legal & General Group Plc boosted its stake in Okta by 8.2% during the 3rd quarter. Legal & General Group Plc now owns 1,150,442 shares of the company’s stock worth $93,773,000 after purchasing an additional 87,102 shares during the last quarter. Royal London Asset Management Ltd. boosted its stake in Okta by 1.3% during the 3rd quarter. Royal London Asset Management Ltd. now owns 57,853 shares of the company’s stock worth $4,715,000 after purchasing an additional 731 shares during the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in Okta during the 3rd quarter worth $1,169,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

Okta Trading Up 2.7 %

NASDAQ OKTA traded up $2.56 during trading on Friday, hitting $96.35. The stock had a trading volume of 1,239,114 shares, compared to its average volume of 1,471,406. The company has a market capitalization of $16.21 billion, a PE ratio of -57.69 and a beta of 1.03. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average price of $93.52 and a 200 day moving average price of $93.19. Okta, Inc. has a twelve month low of $65.04 and a twelve month high of $114.50.

Okta (NASDAQ:OKTA) last announced its quarterly earnings data on Wednesday, May 29th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.27. Okta had a negative return on equity of 3.81% and a negative net margin of 11.69%. The business had revenue of $617.00 million during the quarter, compared to the consensus estimate of $604.33 million. As a group, equities research analysts forecast that Okta, Inc. will post -0.28 earnings per share for the current year.

Analyst Ratings Changes

OKTA has been the topic of several recent research reports. Wedbush reaffirmed an “outperform” rating and set a $130.00 target price on shares of Okta in a research note on Wednesday, May 29th. Guggenheim reaffirmed a “buy” rating and set a $130.00 target price on shares of Okta in a research note on Tuesday, June 25th. Mizuho lifted their target price on shares of Okta from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, May 17th. JPMorgan Chase & Co. lifted their price target on Okta from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Finally, Susquehanna reduced their price target on Okta from $115.00 to $110.00 and set a “neutral” rating on the stock in a report on Thursday, May 30th. Nineteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Okta currently has an average rating of “Hold” and an average target price of $105.58.

Insider Transactions at Okta

In other news, Director Jacques Frederic Kerrest sold 1,552 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $86.99, for a total transaction of $135,008.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders sold 25,810 shares of company stock valued at $2,294,433. 7.00% of the stock is currently owned by corporate insiders.

About Okta

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.