Blair William & Co. IL Has $9.95 Million Position in Okta, Inc. (NASDAQ:OKTA)

Blair William & Co. IL lessened its holdings in Okta, Inc. (NASDAQ:OKTA) by 1.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,263 shares of the company’s stock after selling 1,542 shares during the period. Blair William & Co. IL owned approximately 0.06% of Okta worth $9,947,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OKTA. City State Bank grew its holdings in shares of Okta by 160.0% in the 1st quarter. City State Bank now owns 260 shares of the company’s stock worth $27,000 after purchasing an additional 160 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Okta by 71.4% during the first quarter. EverSource Wealth Advisors LLC now owns 341 shares of the company’s stock worth $36,000 after buying an additional 142 shares during the last quarter. First Command Advisory Services Inc. acquired a new stake in shares of Okta during the second quarter worth approximately $47,000. nVerses Capital LLC bought a new position in shares of Okta in the second quarter valued at approximately $47,000. Finally, Principal Securities Inc. acquired a new position in shares of Okta in the 4th quarter worth approximately $48,000. Institutional investors own 86.64% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jacques Frederic Kerrest sold 2,100 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $95.12, for a total transaction of $199,752.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Jacques Frederic Kerrest sold 2,100 shares of the stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $95.12, for a total transaction of $199,752.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Larissa Schwartz sold 2,790 shares of Okta stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $74.01, for a total value of $206,487.90. Following the completion of the sale, the insider now directly owns 27,713 shares in the company, valued at approximately $2,051,039.13. The disclosure for this sale can be found here. In the last three months, insiders have sold 347,411 shares of company stock worth $32,837,280. Company insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wedbush reaffirmed an “outperform” rating and set a $130.00 price target on shares of Okta in a report on Wednesday, May 29th. Susquehanna lowered their target price on Okta from $110.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Wells Fargo & Company reduced their price target on shares of Okta from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 29th. Scotiabank lowered their price objective on shares of Okta from $104.00 to $92.00 and set a “sector perform” rating for the company in a research report on Thursday, August 29th. Finally, Stifel Nicolaus reduced their target price on shares of Okta from $122.00 to $108.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $105.14.

Okta Stock Performance

NASDAQ OKTA opened at $75.75 on Friday. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average is $87.77 and its 200-day moving average is $93.94. Okta, Inc. has a one year low of $65.04 and a one year high of $114.50.

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.