Okta Inc (NASDAQ:OKTA) General Counsel Jonathan T. Runyan sold 2,500 shares of Okta stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $38.93, for a total transaction of $97,325.00. Following the completion of the transaction, the general counsel now owns 2,500 shares of the company’s stock, valued at approximately $97,325. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Jonathan T. Runyan also recently made the following trade(s):
- On Wednesday, December 20th, Jonathan T. Runyan sold 9,375 shares of Okta stock. The shares were sold at an average price of $25.22, for a total transaction of $236,437.50.
Shares of Okta Inc (NASDAQ:OKTA) opened at $39.71 on Monday. The firm has a market cap of $4,047.36 and a P/E ratio of -24.66. Okta Inc has a fifty-two week low of $21.52 and a fifty-two week high of $42.88.
OKTA has been the subject of a number of research analyst reports. Needham & Company LLC lifted their target price on shares of Okta from $38.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup reiterated a “buy” rating and issued a $46.00 target price on shares of Okta in a research note on Thursday. Deutsche Bank initiated coverage on shares of Okta in a research note on Friday, February 23rd. They issued a “buy” rating and a $43.00 target price for the company. BidaskClub upgraded shares of Okta from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Finally, Oppenheimer reiterated a “buy” rating and issued a $34.00 target price on shares of Okta in a research note on Thursday, December 7th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Okta presently has a consensus rating of “Buy” and a consensus price target of $41.45.
Several institutional investors have recently modified their holdings of OKTA. Wells Fargo & Company MN acquired a new stake in shares of Okta in the second quarter valued at approximately $242,000. Teachers Advisors LLC acquired a new stake in shares of Okta in the second quarter valued at approximately $457,000. Nationwide Fund Advisors acquired a new stake in shares of Okta in the second quarter valued at approximately $320,000. New York State Common Retirement Fund acquired a new stake in shares of Okta in the second quarter valued at approximately $271,000. Finally, Northern Trust Corp acquired a new stake in shares of Okta in the second quarter valued at approximately $2,865,000. 39.10% of the stock is owned by institutional investors and hedge funds.
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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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