Rockefeller Capital Management L.P. Purchases 1,441 Shares of Okta, Inc. (NASDAQ:OKTA)

Rockefeller Capital Management L.P. grew its position in shares of Okta, Inc. (NASDAQ:OKTA) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,105 shares of the company’s stock after buying an additional 1,441 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Okta were worth $4,320,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Vinva Investment Management Ltd lifted its position in shares of Okta by 8.0% during the 3rd quarter. Vinva Investment Management Ltd now owns 7,445 shares of the company’s stock worth $551,000 after buying an additional 552 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Okta by 7.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 118,547 shares of the company’s stock worth $8,813,000 after purchasing an additional 8,239 shares during the period. Blueshift Asset Management LLC bought a new stake in shares of Okta in the 3rd quarter worth approximately $998,000. Glenmede Trust Co. NA raised its holdings in shares of Okta by 17.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 510,658 shares of the company’s stock worth $37,962,000 after purchasing an additional 76,588 shares during the period. Finally, Cynosure Group LLC bought a new stake in shares of Okta in the 3rd quarter worth approximately $295,000. Institutional investors own 86.64% of the company’s stock.

Okta Stock Performance

NASDAQ OKTA opened at $86.11 on Thursday. Okta, Inc. has a 52-week low of $70.56 and a 52-week high of $114.50. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 1.83. The company has a market capitalization of $14.63 billion, a P/E ratio of -246.03, a P/E/G ratio of 19.79 and a beta of 1.00. The company has a fifty day moving average of $75.15 and a 200-day moving average of $84.27.

Analyst Ratings Changes

A number of research firms recently commented on OKTA. Needham & Company LLC lifted their price target on shares of Okta from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday. Mizuho lowered their price target on shares of Okta from $104.00 to $92.00 and set a “neutral” rating on the stock in a report on Thursday, October 17th. The Goldman Sachs Group lifted their price target on shares of Okta from $97.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday. BTIG Research lifted their price target on shares of Okta from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Scotiabank lifted their price target on shares of Okta from $92.00 to $96.00 and gave the stock a “sector perform” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Okta has a consensus rating of “Hold” and an average target price of $103.07.

Insider Transactions at Okta

In other news, CEO Todd Mckinnon sold 224,533 shares of Okta stock in a transaction on Friday, October 18th. The shares were sold at an average price of $74.62, for a total transaction of $16,754,652.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Larissa Schwartz sold 2,790 shares of Okta stock in a transaction on Monday, September 16th. The stock was sold at an average price of $74.01, for a total transaction of $206,487.90. Following the sale, the insider now directly owns 27,713 shares of the company’s stock, valued at $2,051,039.13. This represents a 9.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 607,215 shares of company stock valued at $46,304,810. Insiders own 7.00% of the company’s stock.

Okta Profile

Okta, Inc operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials.