Okta, Inc. (NASDAQ:OKTA) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its stake in Okta, Inc. (NASDAQ:OKTA - Free Report) by 2,721.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 176,071 shares of the company's stock after purchasing an additional 169,830 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.11% of Okta worth $15,940,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. NBC Securities Inc. bought a new stake in shares of Okta during the 3rd quarter valued at $27,000. International Assets Investment Management LLC bought a new stake in Okta during the 3rd quarter valued at approximately $29,000. Harvest Fund Management Co. Ltd purchased a new position in Okta in the 3rd quarter worth approximately $39,000. Alpha Paradigm Partners LLC purchased a new position in Okta in the 3rd quarter worth approximately $41,000. Finally, Coppell Advisory Solutions LLC bought a new position in Okta in the 2nd quarter worth approximately $46,000. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

Okta Stock Performance

Shares of NASDAQ OKTA traded down $0.30 during mid-day trading on Friday, hitting $104.62. The stock had a trading volume of 1,000,199 shares, compared to its average volume of 3,023,406. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 1.67. The company has a 50 day moving average of $94.74 and a two-hundred day moving average of $84.18. Okta, Inc. has a twelve month low of $65.04 and a twelve month high of $114.50. The firm has a market cap of $17.51 billion, a PE ratio of -48.21 and a beta of 1.00.

Okta (NASDAQ:OKTA - Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.49) by $0.35. Okta had a negative return on equity of 5.69% and a negative net margin of 15.69%. The firm had revenue of $605.00 million for the quarter, compared to the consensus estimate of $586.25 million. Research analysts predict that Okta, Inc. will post -1.51 EPS for the current fiscal year.

Insiders Place Their Bets

In other Okta news, insider Larissa Schwartz sold 872 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $82.83, for a total transaction of $72,227.76. Following the sale, the insider now directly owns 22,125 shares of the company's stock, valued at approximately $1,832,613.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Okta news, insider Larissa Schwartz sold 872 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $82.83, for a total transaction of $72,227.76. Following the sale, the insider now directly owns 22,125 shares of the company's stock, valued at approximately $1,832,613.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Shibu Ninan sold 2,500 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $90.23, for a total value of $225,575.00. Following the sale, the chief accounting officer now directly owns 6,539 shares in the company, valued at $590,013.97. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,651 shares of company stock valued at $1,278,218. Company insiders own 7.36% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Westpark Capital upgraded shares of Okta from a "hold" rating to a "buy" rating and set a $140.00 target price for the company in a research report on Thursday, February 29th. Truist Financial restated a "hold" rating and set a $105.00 target price (up previously from $85.00) on shares of Okta in a research report on Thursday, February 29th. Mizuho upped their target price on shares of Okta from $90.00 to $105.00 and gave the stock a "neutral" rating in a research report on Thursday, February 29th. Oppenheimer upped their target price on shares of Okta from $110.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. upped their target price on shares of Okta from $74.00 to $88.00 and gave the stock a "neutral" rating in a research report on Monday, February 26th. Twenty analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $100.39.

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.