Okta, Inc. (NASDAQ:OKTA) CEO Todd Mckinnon Sells 233,028 Shares

Okta, Inc. (NASDAQ:OKTA) CEO Todd Mckinnon sold 233,028 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $82.31, for a total transaction of $19,180,534.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Todd Mckinnon also recently made the following trade(s):

• On Friday, October 18th, Todd Mckinnon sold 224,533 shares of Okta stock. The shares were sold at an average price of $74.62, for a total value of $16,754,652.46.

Okta Price Performance

OKTA stock traded down $0.17 on Thursday, reaching $83.02. The company had a trading volume of 2,509,558 shares, compared to its average volume of 2,184,131. The company’s fifty day moving average is $77.98 and its 200 day moving average is $83.20. The company has a market cap of $14.23 billion, a P/E ratio of -237.20, a PEG ratio of 8.61 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.34. Okta, Inc. has a 1 year low of $70.56 and a 1 year high of $114.50.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Westpark Capital reiterated a “buy” rating and issued a $140.00 price target on shares of Okta in a research report on Wednesday, December 4th. BTIG Research boosted their price target on shares of Okta from $98.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Scotiabank increased their price objective on Okta from $92.00 to $96.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 4th. Citigroup boosted their target price on Okta from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Finally, Barclays raised their price target on Okta from $81.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $104.45.

Institutional Trading of Okta

A number of institutional investors and hedge funds have recently bought and sold shares of OKTA. Itau Unibanco Holding S.A. acquired a new position in Okta during the 3rd quarter worth $25,000. Future Financial Wealth Managment LLC acquired a new stake in Okta in the 3rd quarter valued at about $26,000. Blue Trust Inc. boosted its stake in shares of Okta by 105.5% during the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $28,000 after acquiring an additional 191 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of Okta in the third quarter valued at $32,000. Finally, nVerses Capital LLC acquired a new position in shares of Okta in the second quarter worth $47,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

About Okta

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.