Steward Partners Investment Advisory LLC Buys 232 Shares of Okta, Inc. (NASDAQ:OKTA)

Steward Partners Investment Advisory LLC lifted its stake in shares of Okta, Inc. (NASDAQ:OKTA) by 14.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,834 shares of the company’s stock after buying an additional 232 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Okta were worth $145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of OKTA. Stephens Inc. AR boosted its holdings in shares of Okta by 5.0% during the 4th quarter. Stephens Inc. AR now owns 3,296 shares of the company’s stock valued at $260,000 after buying an additional 157 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Okta by 2.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,135 shares of the company’s stock worth $605,000 after acquiring an additional 180 shares in the last quarter. CHICAGO TRUST Co NA grew its holdings in Okta by 6.5% in the fourth quarter. CHICAGO TRUST Co NA now owns 3,120 shares of the company’s stock worth $246,000 after purchasing an additional 191 shares during the period. Principal Securities Inc. increased its stake in shares of Okta by 13.8% during the fourth quarter. Principal Securities Inc. now owns 1,686 shares of the company’s stock valued at $133,000 after purchasing an additional 204 shares in the last quarter. Finally, Metis Global Partners LLC lifted its holdings in shares of Okta by 6.4% during the fourth quarter. Metis Global Partners LLC now owns 3,386 shares of the company’s stock valued at $267,000 after purchasing an additional 205 shares during the last quarter. 86.64% of the stock is owned by institutional investors.

Okta Trading Up 5.6 %

Shares of Okta stock opened at $112.55 on Monday. Okta, Inc. has a fifty-two week low of $70.56 and a fifty-two week high of $116.96. 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 company has a market capitalization of $19.29 billion, a P/E ratio of -321.57, a P/E/G ratio of 6.42 and a beta of 1.09. The company has a fifty day moving average of $94.58 and a 200 day moving average of $83.17.

Analyst Ratings Changes

A number of research firms have recently commented on OKTA. Guggenheim reissued a “buy” rating and issued a $130.00 target price on shares of Okta in a research note on Wednesday, December 4th. Susquehanna upped their price objective on Okta from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, March 4th. Westpark Capital reissued a “buy” rating and issued a $140.00 target price on shares of Okta in a report on Friday, February 28th. JPMorgan Chase & Co. upped their price target on Okta from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Canaccord Genuity Group increased their price objective on Okta from $94.00 to $100.00 and gave the company a “hold” rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $114.39.

Insider Activity

In related news, CEO Todd Mckinnon sold 233,028 shares of Okta stock in a transaction that occurred 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 filing with the SEC, which is accessible through the SEC website. Also, insider Larissa Schwartz sold 2,704 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $80.50, for a total value of $217,672.00. Following the completion of the transaction, the insider now owns 24,462 shares of the company’s stock, valued at $1,969,191. The trade was a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 979,482 shares of company stock worth $88,072,216 over the last ninety days. Corporate insiders own 7.00% of the company’s stock.

Okta Company 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.