Citadel Advisors LLC boosted its position in shares of Okta Inc (NASDAQ:OKTA) by 605.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 479,218 shares of the company’s stock after acquiring an additional 411,288 shares during the period. Citadel Advisors LLC’s holdings in Okta were worth $12,273,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of OKTA. Schwab Charles Investment Management Inc. purchased a new position in Okta during the second quarter valued at approximately $418,000. Bank of New York Mellon Corp purchased a new position in Okta in the 2nd quarter worth approximately $777,000. Wells Fargo & Company MN purchased a new position in Okta in the 2nd quarter worth approximately $242,000. Alliancebernstein L.P. purchased a new position in Okta in the 2nd quarter worth approximately $499,000. Finally, Teachers Advisors LLC purchased a new position in Okta in the 2nd quarter worth approximately $457,000. 28.18% of the stock is owned by institutional investors.
OKTA has been the subject of a number of research reports. KeyCorp reissued a “buy” rating and issued a $35.00 price target on shares of Okta in a research note on Friday, November 10th. SunTrust Banks initiated coverage on shares of Okta in a research note on Friday, October 27th. They issued a “buy” rating and a $36.00 price target for the company. Zacks Investment Research cut shares of Okta from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Oppenheimer reissued a “buy” rating and issued a $34.00 price target on shares of Okta in a research note on Thursday, December 7th. Finally, BidaskClub raised shares of Okta from a “sell” rating to a “hold” rating in a research note on Saturday, January 20th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $33.78.
Shares of Okta Inc (NASDAQ:OKTA) opened at $34.75 on Tuesday. The firm has a market cap of $3,540.00 and a P/E ratio of -30.22. Okta Inc has a 1-year low of $21.52 and a 1-year high of $34.91.
Okta (NASDAQ:OKTA) last announced its quarterly earnings data on Wednesday, December 6th. The company reported ($0.34) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.05. Okta had a negative net margin of 46.70% and a negative return on equity of 169.65%. equities analysts forecast that Okta Inc will post -1.48 EPS for the current year.
In other news, insider Ventures Iv L.P. Khosla sold 300,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $25.49, for a total value of $7,647,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Jonathan T. Runyan sold 3,124 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $28.98, for a total transaction of $90,533.52. Following the completion of the sale, the general counsel now owns 3,124 shares of the company’s stock, valued at $90,533.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 848,452 shares of company stock valued at $23,480,455.
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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.
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