Okta, Inc. (NASDAQ:OKTA) Stock Holdings Lifted by Vanguard Group Inc.

Vanguard Group Inc. grew its position in Okta, Inc. (NASDAQ:OKTA) by 0.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,209,930 shares of the company’s stock after purchasing an additional 1,237 shares during the period. Vanguard Group Inc. owned about 10.04% of Okta worth $1,356,142,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new position in Okta during the third quarter valued at approximately $25,000. Bank of Jackson Hole Trust bought a new position in shares of Okta during the 4th quarter valued at $25,000. Legacy Investment Solutions LLC acquired a new stake in shares of Okta in the 3rd quarter valued at $32,000. TD Private Client Wealth LLC boosted its holdings in Okta by 3,507.7% in the fourth quarter. TD Private Client Wealth LLC now owns 469 shares of the company’s stock worth $37,000 after purchasing an additional 456 shares in the last quarter. Finally, Modus Advisors LLC acquired a new position in Okta during the fourth quarter worth $44,000. 86.64% of the stock is owned by hedge funds and other institutional investors.

Okta Trading Down 2.5 %

Shares of Okta stock opened at $111.20 on Friday. The stock has a market capitalization of $19.30 billion, a P/E ratio of -317.71, a price-to-earnings-growth ratio of 6.42 and a beta of 1.09. Okta, Inc. has a 12-month low of $70.56 and a 12-month high of $118.07. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.06. The company has a 50-day simple moving average of $99.92 and a 200 day simple moving average of $85.43.

Insider Activity

In other news, Director Jacques Frederic Kerrest sold 390,000 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $87.09, for a total transaction of $33,965,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Larissa Schwartz sold 2,704 shares of the firm’s 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 completion of the transaction, the insider now owns 24,462 shares in the company, valued at approximately $1,969,191. This represents a 9.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 763,901 shares of company stock worth $70,880,205. 7.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Sanford C. Bernstein decreased their price target on Okta from $129.00 to $124.00 and set an “outperform” rating for the company in a research note on Tuesday, December 17th. The Goldman Sachs Group upped their target price on Okta from $107.00 to $123.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. KeyCorp boosted their price objective on shares of Okta from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Stifel Nicolaus raised their target price on shares of Okta from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Finally, Guggenheim reissued a “buy” rating and set a $130.00 target price on shares of Okta in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.29.

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.