Okta, Inc. (NASDAQ:OKTA) Shares Sold by Thematics Asset Management

Thematics Asset Management decreased its stake in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) by 31.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,000 shares of the company's stock after selling 59,000 shares during the period. Thematics Asset Management owned about 0.08% of Okta worth $10,323,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Bank of Jackson Hole Trust purchased a new position in shares of Okta in the 4th quarter worth $25,000. TD Private Client Wealth LLC grew its stake in shares of Okta by 3,507.7% during the 4th quarter. TD Private Client Wealth LLC now owns 469 shares of the company's stock valued at $37,000 after purchasing an additional 456 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in shares of Okta during the 4th quarter valued at about $43,000. Modus Advisors LLC purchased a new position in shares of Okta in the fourth quarter worth approximately $44,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in Okta during the fourth quarter valued at approximately $44,000. Institutional investors own 86.64% of the company's stock.

Analyst Ratings Changes

OKTA has been the topic of several analyst reports. UBS Group set a $135.00 price target on shares of Okta in a research note on Tuesday, March 4th. Citigroup upped their price target on Okta from $100.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 4th. Robert W. Baird lifted their price objective on Okta from $115.00 to $130.00 and gave the company an "outperform" rating in a research report on Tuesday, March 4th. Canaccord Genuity Group increased their target price on shares of Okta from $94.00 to $100.00 and gave the stock a "hold" rating in a report on Tuesday, March 4th. Finally, Barclays lifted their price target on shares of Okta from $105.00 to $115.00 and gave the company an "equal weight" rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Okta has an average rating of "Moderate Buy" and a consensus target price of $116.12.

Insider Transactions at Okta

In other Okta news, insider Eric Robert Kelleher sold 5,895 shares of Okta stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $113.75, for a total transaction of $670,556.25. Following the completion of the transaction, the insider now owns 9,828 shares in the company, valued at approximately $1,117,935. This trade represents a 37.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Brett Tighe sold 5,000 shares of the company's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $94.56, for a total value of $472,800.00. Following the completion of the sale, the chief financial officer now owns 102,533 shares in the company, valued at $9,695,520.48. The trade was a 4.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 362,192 shares of company stock worth $35,988,856 over the last three months. 7.00% of the stock is currently owned by insiders.

Okta Stock Performance

OKTA stock traded up $1.72 during midday trading on Friday, reaching $103.26. The stock had a trading volume of 785,701 shares, compared to its average volume of 2,562,680. The firm has a fifty day simple moving average of $102.29 and a two-hundred day simple moving average of $89.21. Okta, Inc. has a 52-week low of $70.56 and a 52-week high of $118.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $17.93 billion, a PE ratio of -295.14, a P/E/G ratio of 6.42 and a beta of 1.07.

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.