Okta, Inc. (NASDAQ:OKTA) Stock Holdings Decreased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. cut its holdings in Okta, Inc. (NASDAQ:OKTA) by 62.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,992 shares of the company’s stock after selling 4,964 shares during the period. Atria Wealth Solutions Inc.’s holdings in Okta were worth $236,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of OKTA. Stephens Inc. AR raised its holdings in shares of Okta by 5.0% in the 4th quarter. Stephens Inc. AR now owns 3,296 shares of the company’s stock worth $260,000 after purchasing an additional 157 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Okta by 2.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,135 shares of the company’s stock worth $605,000 after purchasing an additional 180 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Okta by 12.4% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,704 shares of the company’s stock worth $127,000 after purchasing an additional 188 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Okta by 105.5% in the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $28,000 after purchasing an additional 191 shares in the last quarter. Finally, CHICAGO TRUST Co NA raised its holdings in shares of Okta by 6.5% in the 4th quarter. CHICAGO TRUST Co NA now owns 3,120 shares of the company’s stock worth $246,000 after purchasing an additional 191 shares in the last quarter. 86.64% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Larissa Schwartz sold 2,704 shares of Okta stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $80.50, for a total transaction of $217,672.00. Following the transaction, the insider now owns 24,462 shares of the company’s stock, valued at $1,969,191. This trade represents a 9.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jacques Frederic Kerrest sold 65,000 shares of the firm’s stock in a transaction that occurred 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. Insiders have sold a total of 980,908 shares of company stock valued at $85,025,665 in the last 90 days. 7.00% of the stock is currently owned by insiders.

Okta Trading Up 1.5 %

Shares of OKTA stock opened at $90.49 on Friday. Okta, Inc. has a 52-week low of $70.56 and a 52-week high of $114.50. The stock has a market cap of $15.51 billion, a price-to-earnings ratio of -258.54, a P/E/G ratio of 6.42 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. The firm has a fifty day moving average of $89.30 and a 200-day moving average of $82.53.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Scotiabank dropped their price objective 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. Jefferies Financial Group decreased their price objective on shares of Okta from $100.00 to $90.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $115.00 price objective on shares of Okta in a report on Tuesday, February 4th. Canaccord Genuity Group upped their price objective on shares of Okta from $82.00 to $94.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, Morgan Stanley raised shares of Okta from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $92.00 to $97.00 in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $105.67.

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.