Sender Co & Partners Inc. Buys Shares of 4,250 Okta, Inc. (NASDAQ:OKTA)

Sender Co & Partners Inc. purchased a new stake in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,250 shares of the company's stock, valued at approximately $335,000.

A number of other institutional investors have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its stake in shares of Okta by 2.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,135 shares of the company's stock valued at $605,000 after acquiring an additional 180 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Okta by 106.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 59,951 shares of the company's stock valued at $4,724,000 after buying an additional 30,957 shares during the last quarter. Channel Wealth LLC purchased a new position in Okta in the fourth quarter valued at $2,761,000. Avanza Fonder AB purchased a new position in Okta in the fourth quarter valued at $797,000. Finally, Ameritas Advisory Services LLC purchased a new position in Okta in the fourth quarter valued at $553,000. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Okta

In other Okta news, insider Larissa Schwartz sold 11,552 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $114.09, for a total transaction of $1,317,967.68. Following the transaction, the insider now directly owns 22,125 shares in the company, valued at approximately $2,524,241.25. This represents a 34.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Jonathan James Addison sold 7,005 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $101.19, for a total value of $708,835.95. Following the completion of the transaction, the executive now owns 19,067 shares in the company, valued at approximately $1,929,389.73. This represents a 26.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 154,452 shares of company stock valued at $16,347,360. 5.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

OKTA has been the topic of several research reports. BTIG Research reaffirmed a "buy" rating on shares of Okta in a report on Tuesday, March 4th. Jefferies Financial Group raised their price objective on Okta from $90.00 to $110.00 and gave the stock a "hold" rating in a report on Tuesday, March 4th. Truist Financial raised their price objective on Okta from $92.00 to $100.00 and gave the stock a "hold" rating in a report on Tuesday, March 4th. KeyCorp raised their price objective on Okta from $125.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Finally, Scotiabank increased their target price on shares of Okta from $94.00 to $109.00 and gave the stock a "sector perform" rating in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Okta has an average rating of "Moderate Buy" and a consensus target price of $118.03.

Okta Trading Down 0.7%

NASDAQ:OKTA traded down $0.90 on Tuesday, reaching $125.54. 1,784,163 shares of the stock traded hands, compared to its average volume of 2,781,208. The firm has a market capitalization of $21.79 billion, a price-to-earnings ratio of -358.69, a price-to-earnings-growth ratio of 6.42 and a beta of 0.96. The company's 50 day moving average is $108.50 and its 200-day moving average is $94.53. The company has a current ratio of 1.34, a quick 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 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.