Vontobel Holding Ltd. Has $23.75 Million Stock Holdings in Okta, Inc. (NASDAQ:OKTA)

Vontobel Holding Ltd. lifted its stake in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) by 30.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 262,321 shares of the company's stock after purchasing an additional 60,739 shares during the period. Vontobel Holding Ltd. owned about 0.16% of Okta worth $23,748,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Blue Zone Wealth Advisors LLC grew its stake in Okta by 2.7% during the 4th quarter. Blue Zone Wealth Advisors LLC now owns 5,142 shares of the company's stock valued at $466,000 after acquiring an additional 134 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in Okta by 0.7% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 18,281 shares of the company's stock valued at $1,249,000 after purchasing an additional 136 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Okta by 2.4% in the 2nd quarter. Captrust Financial Advisors now owns 5,953 shares of the company's stock valued at $538,000 after purchasing an additional 137 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in Okta by 7.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,926 shares of the company's stock valued at $174,000 after purchasing an additional 138 shares during the last quarter. Finally, Toroso Investments LLC boosted its holdings in Okta by 10.1% in the 1st quarter. Toroso Investments LLC now owns 1,717 shares of the company's stock valued at $259,000 after purchasing an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 86.64% of the company's stock.

Okta Stock Performance

Okta stock traded down $4.03 during midday trading on Monday, hitting $94.23. 1,725,512 shares of the company's stock were exchanged, compared to its average volume of 2,042,325. Okta, Inc. has a 12-month low of $65.04 and a 12-month high of $114.50. 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 stock has a market cap of $15.77 billion, a price-to-earnings ratio of -43.42 and a beta of 1.00. The firm's 50 day simple moving average is $98.22 and its 200 day simple moving average is $85.55.

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

Insider Transactions at Okta

In other news, CAO Shibu Ninan sold 4,279 shares of the firm's stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $104.14, for a total value of $445,615.06. Following the completion of the sale, the chief accounting officer now owns 4,111 shares in the company, valued at approximately $428,119.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Shibu Ninan sold 4,279 shares of the firm's stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $104.14, for a total value of $445,615.06. Following the completion of the sale, the chief accounting officer now owns 4,111 shares in the company, valued at approximately $428,119.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Larissa Schwartz sold 872 shares of the firm's stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $82.83, for a total transaction of $72,227.76. Following the completion of the sale, the insider now owns 22,125 shares of the company's stock, valued at approximately $1,832,613.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,651 shares of company stock worth $1,278,218. Company insiders own 7.36% of the company's stock.

Wall Street Analysts Forecast Growth

OKTA has been the topic of several recent analyst reports. Royal Bank of Canada upped their price objective on shares of Okta from $95.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, February 29th. Sanford C. Bernstein upped their price objective on shares of Okta from $84.00 to $114.00 and gave the stock a "market perform" rating in a report on Thursday, February 29th. Evercore ISI upped their price objective on shares of Okta from $70.00 to $102.00 and gave the stock an "in-line" rating in a report on Thursday, February 29th. Westpark Capital upgraded shares of Okta from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a report on Thursday, February 29th. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $95.00 target price (up from $85.00) on shares of Okta in a report on Friday, January 5th. Twenty research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Okta presently has an average rating of "Hold" and an average target price 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.