Okta, Inc. (NASDAQ:OKTA) Shares Acquired by FNY Investment Advisers LLC

FNY Investment Advisers LLC grew its stake in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) by 433.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,000 shares of the company's stock after acquiring an additional 3,250 shares during the quarter. FNY Investment Advisers LLC's holdings in Okta were worth $420,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. GPS Wealth Strategies Group LLC lifted its stake in shares of Okta by 7.2% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 1,484 shares of the company's stock valued at $156,000 after purchasing an additional 100 shares during the last quarter. Frank Rimerman Advisors LLC raised its holdings in Okta by 2.4% during the 4th quarter. Frank Rimerman Advisors LLC now owns 4,465 shares of the company's stock valued at $352,000 after buying an additional 105 shares during the period. The Manufacturers Life Insurance Company lifted its position in Okta by 1.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 7,873 shares of the company's stock worth $620,000 after buying an additional 136 shares during the last quarter. Stephens Inc. AR lifted its position in Okta by 5.0% in the fourth quarter. Stephens Inc. AR now owns 3,296 shares of the company's stock worth $260,000 after buying an additional 157 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Okta by 3.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,646 shares of the company's stock worth $445,000 after buying an additional 171 shares during the period. 86.64% of the stock is currently owned by institutional investors.

Insider Transactions at Okta

In other Okta news, CRO Jonathan James Addison sold 7,005 shares of the stock in a transaction on Friday, April 11th. The shares were sold at an average price of $101.19, for a total transaction of $708,835.95. Following the transaction, the executive now directly owns 19,067 shares of the company's stock, valued at $1,929,389.73. This trade represents a 26.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Larissa Schwartz sold 11,552 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $114.09, for a total transaction of $1,317,967.68. Following the completion of the transaction, the insider now directly owns 22,125 shares in the company, valued at $2,524,241.25. This represents a 34.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.68% of the company's stock.

Okta Stock Performance

Shares of NASDAQ:OKTA traded up $1.80 during midday trading on Monday, reaching $99.28. The company's stock had a trading volume of 2,895,870 shares, compared to its average volume of 3,021,767. 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 stock has a fifty day moving average of $109.25 and a 200 day moving average of $99.00. Okta, Inc. has a twelve month low of $70.56 and a twelve month high of $127.57. The firm has a market capitalization of $17.38 billion, a PE ratio of -283.66, a P/E/G ratio of 6.42 and a beta of 0.84.

Okta (NASDAQ:OKTA - Get Free Report) last released its quarterly earnings data on Tuesday, May 27th. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. Okta had a positive return on equity of 0.47% and a negative net margin of 1.54%. The business had revenue of $688.00 million during the quarter, compared to analyst estimates of $680.14 million. During the same quarter last year, the business posted $0.65 EPS. The company's revenue was up 11.5% on a year-over-year basis. On average, equities analysts expect that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group restated a "hold" rating and issued a $135.00 target price (up previously from $110.00) on shares of Okta in a report on Friday, May 23rd. BTIG Research reissued a "buy" rating on shares of Okta in a research note on Thursday, May 22nd. Wells Fargo & Company upped their target price on Okta from $100.00 to $110.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 28th. JPMorgan Chase & Co. raised their price target on Okta from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. Finally, Citigroup upped their price objective on Okta from $100.00 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.59.

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.