Okta Inc. (OKTA)

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Charles Race Sells 794 Shares of Okta Inc (NASDAQ:OKTA) Stock
By: THE STOCK OBSERVER | December 19, 2019

Okta Inc (NASDAQ:OKTA) insider Charles Race sold 794 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $116.63, for a total value of $92,604.22. Following the transaction, the insider now directly owns 12,121 shares in the company, valued at approximately $1,413,672.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Charles Race also recently made the following trade(s):

• On Tuesday, December 10th, Charles Race sold 50,000 shares of Okta stock. The shares were sold at an average price of $119.49, for a total value of $5,974,500.00.
• On Thursday, October 10th, Charles Race sold 50,000 shares of Okta stock. The stock was sold at an average price of $116.47, for a total value of $5,823,500.00.

NASDAQ:OKTA opened at $114.70 on Thursday. Okta Inc has a 1 year low of $52.05 and a 1 year high of $141.85. The company has a debt-to-equity ratio of 2.47, a quick ratio of 3.19 and a current ratio of 3.19. The stock has a fifty day moving average price of $118.45 and a two-hundred day moving average price of $121.13. The stock has a market capitalization of $14.14 billion, a price-to-earnings ratio of -111.36 and a beta of 1.07.

Okta (NASDAQ:OKTA) last issued its earnings results on Thursday, December 5th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.05. Okta had a negative net margin of 35.43% and a negative return on equity of 53.08%. The company had revenue of $153.04 million for the quarter, compared to analyst estimates of $143.88 million. During the same period in the previous year, the firm earned ($0.04) EPS. The business’s revenue was up 45.0% on a year-over-year basis. On average, analysts predict that Okta Inc will post -1.43 EPS for the current year.

Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Okta from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. BidaskClub cut shares of Okta from a “buy” rating to a “hold” rating in a research note on Saturday, December 7th. Piper Jaffray Companies upped their price objective on shares of Okta from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. SunTrust Banks upgraded shares of Okta from a “hold” rating to a “buy” rating and raised their target price for the stock from $130.00 to $134.00 in a research note on Wednesday, October 2nd. Finally, Goldman Sachs Group raised their target price on shares of Okta from $141.00 to $144.00 and gave the stock a “positive” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $133.72.

Several hedge funds and other institutional investors have recently made changes to their positions in OKTA. Matthew Goff Investment Advisor LLC acquired a new position in Okta during the third quarter worth about $2,500,000. CSat Investment Advisory L.P. purchased a new position in shares of Okta during the 2nd quarter worth $34,000. Griffin Asset Management Inc. purchased a new position in shares of Okta during the 2nd quarter worth $45,000. Captrust Financial Advisors boosted its holdings in shares of Okta by 196.2% during the second quarter. Captrust Financial Advisors now owns 385 shares of the company’s stock worth $48,000 after purchasing an additional 255 shares during the last quarter. Finally, Coastal Investment Advisors Inc. acquired a new stake in shares of Okta during the second quarter worth $74,000. Hedge funds and other institutional investors own 73.02% of the company’s stock.



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