Okta, Inc. (NASDAQ:OKTA) Shares Sold by Centiva Capital LP

Centiva Capital LP lessened its position in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) by 65.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,006 shares of the company's stock after selling 11,365 shares during the quarter. Centiva Capital LP's holdings in Okta were worth $473,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in OKTA. Bank of Jackson Hole Trust bought a new stake in Okta during the fourth quarter worth approximately $25,000. TD Private Client Wealth LLC boosted its holdings in shares of Okta by 3,507.7% in the 4th quarter. TD Private Client Wealth LLC now owns 469 shares of the company's stock worth $37,000 after purchasing an additional 456 shares during the period. Brown Brothers Harriman & Co. bought a new position in shares of Okta during the 4th quarter valued at approximately $43,000. Wingate Wealth Advisors Inc. purchased a new stake in Okta during the 4th quarter valued at $44,000. Finally, Blue Trust Inc. raised its holdings in Okta by 103.8% during the 4th quarter. Blue Trust Inc. now owns 758 shares of the company's stock valued at $56,000 after buying an additional 386 shares during the period. Institutional investors own 86.64% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Robert W. Baird lifted their price objective on shares of Okta from $115.00 to $130.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 4th. Loop Capital began coverage on shares of Okta in a report on Monday, May 5th. They set a "buy" rating and a $140.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on shares of Okta from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Barclays upped their target price on Okta from $105.00 to $115.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Finally, Stifel Nicolaus raised their price target on Okta from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $116.80.

Insider Transactions at Okta

In related news, insider Eric Robert Kelleher sold 5,895 shares of the business's stock in a transaction on 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jacques Frederic Kerrest sold 130,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $105.00, for a total value of $13,650,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 154,452 shares of company stock worth $16,347,360. Insiders own 7.00% of the company's stock.

Okta Stock Down 0.1%

Shares of Okta stock traded down $0.12 during trading on Tuesday, reaching $124.05. The company's stock had a trading volume of 2,899,348 shares, compared to its average volume of 2,767,733. The company has a 50-day simple moving average of $107.14 and a two-hundred day simple moving average of $92.92. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.06. Okta, Inc. has a 1-year low of $70.56 and a 1-year high of $124.89. The company has a market cap of $21.54 billion, a price-to-earnings ratio of -354.43, a P/E/G ratio of 6.42 and a beta of 0.96.

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.