Stephens Inc. AR Has $260,000 Stock Holdings in Okta, Inc. (NASDAQ:OKTA)

Stephens Inc. AR grew its stake in shares of Okta, Inc. (NASDAQ:OKTA) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,296 shares of the company’s stock after purchasing an additional 157 shares during the quarter. Stephens Inc. AR’s holdings in Okta were worth $260,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in OKTA. Stephens Investment Management Group LLC raised its holdings in shares of Okta by 10.3% in the 4th quarter. Stephens Investment Management Group LLC now owns 452,307 shares of the company’s stock valued at $35,642,000 after purchasing an additional 42,176 shares during the period. Empowered Funds LLC grew its holdings in Okta by 32.0% during the fourth quarter. Empowered Funds LLC now owns 7,550 shares of the company’s stock worth $595,000 after purchasing an additional 1,832 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in Okta by 6.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 363,950 shares of the company’s stock worth $28,679,000 after buying an additional 21,543 shares during the last quarter. Greenwood Capital Associates LLC bought a new stake in Okta in the fourth quarter valued at approximately $209,000. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of Okta by 169.3% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,384 shares of the company’s stock valued at $109,000 after buying an additional 870 shares during the last quarter. Institutional investors own 86.64% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on OKTA. Deutsche Bank Aktiengesellschaft lowered Okta from a “buy” rating to a “hold” rating and decreased their target price for the stock from $115.00 to $85.00 in a report on Tuesday, November 12th. Needham & Company LLC reissued a “buy” rating and issued a $115.00 price objective on shares of Okta in a research report on Tuesday, February 4th. DA Davidson raised their target price on shares of Okta from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Scotiabank decreased their price target on shares of Okta from $96.00 to $94.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group increased their price target on shares of Okta from $97.00 to $107.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Okta presently has a consensus rating of “Hold” and an average target price of $105.45.

Okta Price Performance

Okta stock opened at $96.29 on Monday. The stock has a fifty day moving average of $87.42 and a 200-day moving average of $82.17. The stock has a market capitalization of $16.50 billion, a P/E ratio of -275.11, a price-to-earnings-growth ratio of 6.58 and a beta of 1.03. 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 52 week low of $70.56 and a 52 week high of $114.50.

Insider Transactions at Okta

In related news, insider Larissa Schwartz sold 2,740 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $97.59, for a total value of $267,396.60. Following the completion of the transaction, the insider now owns 22,125 shares of the company’s stock, valued at $2,159,178.75. This represents a 11.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jacques Frederic Kerrest sold 65,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $97.50, for a total transaction of $6,337,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 980,908 shares of company stock valued at $85,025,665. 7.00% of the stock is currently owned by insiders.

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.