Somewhat Positive News Coverage Somewhat Unlikely to Impact Okta (OKTA) Share Price

News stories about Okta (NASDAQ:OKTA) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Okta earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.6844979698897 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Okta (NASDAQ OKTA) opened at $27.00 on Friday. Okta has a 52 week low of $21.52 and a 52 week high of $33.64.

A number of equities research analysts recently commented on OKTA shares. William Blair started coverage on Okta in a report on Wednesday, October 4th. They issued an “outperform” rating for the company. Zacks Investment Research downgraded Okta from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. SunTrust Banks started coverage on Okta in a report on Friday, October 27th. They issued a “buy” rating and a $36.00 price objective for the company. KeyCorp reiterated a “buy” rating and issued a $35.00 price objective on shares of Okta in a report on Friday, November 10th. Finally, Oppenheimer reiterated a “buy” rating and issued a $34.00 price objective on shares of Okta in a report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $33.00.

In other Okta news, COO Jacques Frederic Kerrest sold 6,612 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $30.34, for a total value of $200,608.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO William E. Losch sold 12,200 shares of the business’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $26.48, for a total value of $323,056.00. Following the completion of the transaction, the chief financial officer now directly owns 12,200 shares of the company’s stock, valued at $323,056. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,165,797 shares of company stock valued at $32,318,604.

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Okta Company Profile

Okta, Inc is a United States-based independent provider of identity for the enterprise. The Company’s Okta Identity Cloud connects and protects employees. It also connects enterprises to their partners, suppliers and customers. The Company offers products, such as Okta information technology (IT) Products and Okta for Developers.

Insider Buying and Selling by Quarter for Okta (NASDAQ:OKTA)

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