Universal Beteiligungs und Servicegesellschaft mbH Invests $8.68 Million in Okta, Inc. (NASDAQ:OKTA)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 110,155 shares of the company's stock, valued at approximately $8,680,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Okta as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Okta in the 4th quarter valued at $1,686,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Okta by 4.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,115,516 shares of the company's stock valued at $87,903,000 after purchasing an additional 46,064 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Okta by 46.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,833 shares of the company's stock valued at $854,000 after purchasing an additional 3,429 shares in the last quarter. Westpac Banking Corp increased its stake in Okta by 2,574.9% during the 4th quarter. Westpac Banking Corp now owns 9,817 shares of the company's stock worth $774,000 after purchasing an additional 9,450 shares in the last quarter. Finally, Forsta AP Fonden increased its stake in Okta by 40.5% during the 4th quarter. Forsta AP Fonden now owns 73,900 shares of the company's stock worth $5,823,000 after purchasing an additional 21,300 shares in the last quarter. Institutional investors own 86.64% of the company's stock.

Analyst Upgrades and Downgrades

OKTA has been the subject of several recent research reports. Loop Capital began coverage on Okta in a research report on Monday, May 5th. They set a "buy" rating and a $140.00 price objective for the company. UBS Group cut their price objective on shares of Okta from $150.00 to $130.00 and set a "buy" rating on the stock in a research report on Wednesday, May 28th. JMP Securities reaffirmed a "market perform" rating on shares of Okta in a research report on Wednesday, May 28th. Wells Fargo & Company raised their price objective on Okta from $100.00 to $110.00 and gave the company an "equal weight" rating in a report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. upped their target price on Okta from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, Okta presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.59.

Okta Trading Up 2.0%

Shares of Okta stock traded up $2.02 during trading on Wednesday, reaching $105.60. 3,850,125 shares of the stock were exchanged, compared to its average volume of 2,960,625. The stock's fifty day moving average is $108.87 and its 200 day moving average is $97.43. The firm has a market cap of $18.33 billion, a price-to-earnings ratio of -301.71, a price-to-earnings-growth ratio of 6.42 and a beta of 0.96. 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 $127.57.

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

Insider Buying and Selling

In related news, CRO Jonathan James Addison sold 7,005 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $101.19, for a total transaction of $708,835.95. Following the sale, the executive now directly owns 19,067 shares of the company's stock, valued at approximately $1,929,389.73. This represents a 26.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eric Robert Kelleher sold 5,895 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $113.75, for a total transaction of $670,556.25. Following the sale, the insider now owns 9,828 shares of the company's stock, valued at approximately $1,117,935. This represents a 37.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,452 shares of company stock worth $2,697,360 in the last three months. 5.68% of the stock is owned by corporate insiders.

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.