Diversified Trust Co bought a new stake in Okta Inc (NASDAQ:OKTA) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,170 shares of the company’s stock, valued at approximately $365,000.
Other hedge funds also recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Okta by 276.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,633 shares of the company’s stock valued at $105,000 after buying an additional 1,933 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in shares of Okta in the first quarter valued at about $106,000. HM Payson & Co. acquired a new stake in shares of Okta in the first quarter valued at about $202,000. Royal Bank of Canada grew its stake in shares of Okta by 194.8% in the first quarter. Royal Bank of Canada now owns 5,080 shares of the company’s stock valued at $202,000 after buying an additional 3,357 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new stake in shares of Okta in the first quarter valued at about $209,000. Institutional investors and hedge funds own 55.09% of the company’s stock.
In related news, Director Michael R. Kourey sold 17,500 shares of the business’s stock in a transaction on Friday, March 23rd. The shares were sold at an average price of $38.79, for a total value of $678,825.00. Following the sale, the director now owns 17,500 shares in the company, valued at $678,825. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Jonathan T. Runyan sold 2,500 shares of the business’s stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $54.73, for a total transaction of $136,825.00. Following the completion of the sale, the general counsel now owns 2,500 shares in the company, valued at approximately $136,825. The disclosure for this sale can be found here. Insiders sold 591,468 shares of company stock worth $28,634,580 in the last three months. Insiders own 20.59% of the company’s stock.
Shares of Okta opened at $53.69 on Thursday, according to MarketBeat.com. Okta Inc has a fifty-two week low of $21.52 and a fifty-two week high of $61.00. The company has a quick ratio of 3.14, a current ratio of 3.13 and a debt-to-equity ratio of 1.04. The company has a market cap of $5.86 billion, a price-to-earnings ratio of -39.19 and a beta of -1.01.
Okta (NASDAQ:OKTA) last released its earnings results on Wednesday, June 6th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.07. Okta had a negative net margin of 38.34% and a negative return on equity of 59.95%. The firm had revenue of $83.62 million for the quarter, compared to the consensus estimate of $78.81 million. During the same quarter in the previous year, the firm earned ($0.50) earnings per share. The company’s quarterly revenue was up 59.8% compared to the same quarter last year. equities analysts expect that Okta Inc will post -1.21 earnings per share for the current fiscal year.
Okta, Inc provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta Identity Cloud, a platform that offers a suite of products to manage and secure identities, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access their applications in the cloud or on-premise from various devices with a single entry of their user credentials; Adaptive Multi-Factor Authentication, a product that provides an additional layer of security for Web and mobile applications, and data of organization; Lifecycle Management, which enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; and Mobility Management, which simplifies and automates mobile device administration and provisioning across phones, tablets, and laptops.
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