Okta, Inc. (OKTA) CEO Todd Mckinnon Sells 57,236 Shares of Stock

Okta, Inc. (NASDAQ:OKTA) CEO Todd Mckinnon sold 57,236 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $28.77, for a total transaction of $1,646,679.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Todd Mckinnon also recently made the following trade(s):

  • On Monday, December 4th, Todd Mckinnon sold 75,000 shares of Okta stock. The stock was sold at an average price of $28.72, for a total transaction of $2,154,000.00.
  • On Wednesday, November 1st, Todd Mckinnon sold 75,000 shares of Okta stock. The stock was sold at an average price of $28.98, for a total transaction of $2,173,500.00.
  • On Monday, October 16th, Todd Mckinnon sold 25,455 shares of Okta stock. The stock was sold at an average price of $27.31, for a total transaction of $695,176.05.
  • On Wednesday, October 11th, Todd Mckinnon sold 40,158 shares of Okta stock. The shares were sold at an average price of $28.61, for a total transaction of $1,148,920.38.
  • On Thursday, October 12th, Todd Mckinnon sold 49,545 shares of Okta stock. The shares were sold at an average price of $28.59, for a total transaction of $1,416,491.55.

Shares of Okta, Inc. (NASDAQ:OKTA) traded up $0.05 during trading on Wednesday, reaching $28.36. 512,600 shares of the company’s stock traded hands, compared to its average volume of 551,161. Okta, Inc. has a one year low of $21.52 and a one year high of $33.64.

Okta (NASDAQ:OKTA) last released its quarterly earnings results on Thursday, September 7th. The company reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.03). The business had revenue of $61.00 million for the quarter, compared to analyst estimates of $55.90 million. The firm’s revenue for the quarter was up 63.1% compared to the same quarter last year. equities analysts anticipate that Okta, Inc. will post -0.96 earnings per share for the current year.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Okta from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Thursday, September 14th. William Blair began coverage on shares of Okta in a report on Wednesday, October 4th. They issued an “outperform” rating on the stock. SunTrust Banks began coverage on shares of Okta in a report on Friday, October 27th. They issued a “buy” rating and a $36.00 price target on the stock. Canaccord Genuity restated a “hold” rating and issued a $27.00 price target on shares of Okta in a report on Wednesday, August 30th. Finally, KeyCorp restated a “buy” rating and issued a $35.00 price target on shares of Okta in a report on Friday, November 10th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Okta has an average rating of “Buy” and an average target price of $32.71.

Hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new position in shares of Okta in the 2nd quarter valued at approximately $101,000. SG Americas Securities LLC purchased a new position in shares of Okta in the 3rd quarter valued at approximately $128,000. Invictus RG purchased a new position in shares of Okta in the 3rd quarter valued at approximately $211,000. Paulson & CO. Inc. purchased a new position in shares of Okta in the 2nd quarter valued at approximately $171,000. Finally, CI Investments Inc. purchased a new position in shares of Okta in the 2nd quarter valued at approximately $171,000. 14.33% of the stock is owned by institutional investors and hedge funds.

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About Okta

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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