GTS Securities LLC Has $212,000 Stock Holdings in Okta, Inc. (NASDAQ:OKTA)

GTS Securities LLC decreased its holdings in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) by 96.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,693 shares of the company's stock after selling 64,907 shares during the quarter. GTS Securities LLC's holdings in Okta were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of OKTA. PharVision Advisers LLC purchased a new position in Okta during the 4th quarter valued at about $299,000. Woodline Partners LP acquired a new stake in shares of Okta during the fourth quarter worth approximately $2,199,000. Vident Advisory LLC grew its position in Okta by 27.1% during the fourth quarter. Vident Advisory LLC now owns 111,463 shares of the company's stock valued at $8,783,000 after purchasing an additional 23,752 shares in the last quarter. Twinbeech Capital LP acquired a new position in Okta in the 4th quarter valued at approximately $5,193,000. Finally, Two Sigma Advisers LP acquired a new position in Okta in the 4th quarter valued at approximately $985,000. 86.64% of the stock is owned by institutional investors and hedge funds.

Okta Stock Performance

NASDAQ OKTA traded up $1.56 during trading on Monday, hitting $104.73. The company's stock had a trading volume of 4,097,202 shares, compared to its average volume of 2,946,945. Okta, Inc. has a 52 week low of $70.56 and a 52 week high of $127.57. The firm has a market cap of $18.18 billion, a P/E ratio of -299.23, a price-to-earnings-growth ratio of 6.42 and a beta of 0.96. The firm has a 50 day moving average price of $109.26 and a 200 day moving average price of $97.11. 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 (NASDAQ:OKTA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 27th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.09. The business had revenue of $688.00 million for the quarter, compared to the consensus estimate of $680.14 million. Okta had a negative net margin of 1.54% and a positive return on equity of 0.47%. Okta's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company posted $0.65 earnings per share. Equities research analysts forecast that Okta, Inc. will post 0.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Mizuho decreased their target price on shares of Okta from $135.00 to $130.00 and set an "outperform" rating for the company in a research note on Wednesday, May 28th. Canaccord Genuity Group lifted their price objective on Okta from $100.00 to $115.00 and gave the company a "hold" rating in a research report on Wednesday, May 28th. KeyCorp boosted their target price on Okta from $125.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $135.00 target price (up from $110.00) on shares of Okta in a research report on Friday, May 23rd. Finally, Robert W. Baird raised their price target on Okta from $115.00 to $130.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, Okta has an average rating of "Moderate Buy" and a consensus price target of $121.59.

Insiders Place Their Bets

In other Okta news, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Larissa Schwartz sold 11,552 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $114.09, for a total value of $1,317,967.68. Following the completion of the sale, the insider now owns 22,125 shares of the company's stock, valued at $2,524,241.25. This represents a 34.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 154,452 shares of company stock worth $16,347,360 in the last ninety days. Insiders own 5.68% of the company's stock.

Okta 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.