Virtu KCG Holdings LLC purchased a new position in shares of Okta, Inc. (NASDAQ:OKTA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 21,168 shares of the company’s stock, valued at approximately $483,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Citadel Advisors LLC acquired a new position in Okta during the 2nd quarter worth approximately $1,046,000. Quantbot Technologies LP acquired a new position in Okta during the 2nd quarter worth approximately $101,000. FMR LLC acquired a new position in Okta during the 2nd quarter worth approximately $23,135,000. Vanguard Group Inc. acquired a new position in Okta during the 2nd quarter worth approximately $21,749,000. Finally, Northern Trust Corp acquired a new position in Okta during the 2nd quarter worth approximately $2,865,000. Institutional investors own 13.00% of the company’s stock.
In related news, General Counsel Jonathan T. Runyan sold 300,000 shares of Okta stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $27.03, for a total value of $8,109,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Okta, Inc. (NASDAQ OKTA) opened at 28.57 on Thursday. The firm’s market cap is $2.73 billion. The stock has a 50 day moving average of $27.88 and a 200 day moving average of $25.06. Okta, Inc. has a one year low of $21.52 and a one year high of $33.64.
Okta (NASDAQ:OKTA) last issued its quarterly earnings results on Thursday, September 7th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.03). The company had revenue of $61.00 million for the quarter, compared to analyst estimates of $55.90 million. Okta’s revenue for the quarter was up 63.1% on a year-over-year basis. On average, equities analysts forecast that Okta, Inc. will post ($0.96) earnings per share for the current year.
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OKTA has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Okta from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Thursday, September 14th. William Blair initiated coverage on shares of Okta in a report on Wednesday, October 4th. They set an “outperform” rating for the company. Canaccord Genuity reiterated a “hold” rating and set a $27.00 price target on shares of Okta in a report on Wednesday, August 30th. KeyCorp reiterated a “buy” rating and set a $35.00 price target on shares of Okta in a report on Friday, September 8th. Finally, Oppenheimer Holdings, Inc. initiated coverage on shares of Okta in a report on Tuesday. They set an “outperform” rating and a $32.00 price target for the company. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.17.
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.
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