Okta, Inc. (NASDAQ:OKTA) General Counsel Jonathan T. Runyan sold 9,375 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $29.27, for a total value of $274,406.25. Following the completion of the sale, the general counsel now directly owns 9,375 shares in the company, valued at $274,406.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Okta, Inc. (NASDAQ OKTA) traded up $0.01 during mid-day trading on Wednesday, hitting $29.99. The stock had a trading volume of 568,352 shares, compared to its average volume of 559,402. Okta, Inc. has a 12-month low of $21.52 and a 12-month high of $33.64.
Okta (NASDAQ:OKTA) last announced its quarterly earnings results on Thursday, September 7th. The company reported ($0.29) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.03). The firm had revenue of $61.00 million during the quarter, compared to analysts’ expectations of $55.90 million. The company’s revenue for the quarter was up 63.1% compared to the same quarter last year. sell-side analysts anticipate that Okta, Inc. will post -0.96 EPS for the current fiscal year.
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Several analysts recently weighed in on the company. Zacks Investment Research raised Okta from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Thursday, September 14th. KeyCorp reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Okta in a research note on Friday, November 10th. Oppenheimer Holdings, Inc. assumed coverage on Okta in a research note on Tuesday, October 10th. They issued an “outperform” rating and a $32.00 price objective on the stock. SunTrust Banks, Inc. assumed coverage on Okta in a research note on Friday, October 27th. They issued a “buy” rating and a $36.00 price objective on the stock. Finally, Canaccord Genuity raised their price objective on Okta from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, September 8th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Okta presently has an average rating of “Buy” and a consensus target price of $32.71.
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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