Elo Mutual Pension Insurance Co grew its position in shares of Okta, Inc. (NASDAQ:OKTA – Free Report) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,691 shares of the company’s stock after purchasing an additional 250 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Okta were worth $1,375,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in OKTA. Vanguard Personalized Indexing Management LLC boosted its position in Okta by 12.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,676 shares of the company’s stock worth $1,655,000 after buying an additional 1,975 shares during the period. Amalgamated Bank raised its stake in shares of Okta by 5.2% during the second quarter. Amalgamated Bank now owns 9,351 shares of the company’s stock valued at $875,000 after acquiring an additional 461 shares during the last quarter. L & S Advisors Inc acquired a new position in shares of Okta during the second quarter worth $206,000. Primecap Management Co. CA grew its stake in shares of Okta by 0.8% in the second quarter. Primecap Management Co. CA now owns 1,356,216 shares of the company’s stock worth $126,955,000 after purchasing an additional 10,800 shares during the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new stake in Okta in the second quarter valued at $1,622,000. 86.64% of the stock is currently owned by institutional investors.
Insider Activity at Okta
In other Okta news, Director Jacques Frederic Kerrest sold 2,100 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The stock was 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 Securities & Exchange Commission, which can be accessed through this link. In other news, Director Jacques Frederic Kerrest sold 2,100 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $95.12, for a total value of $199,752.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Todd Mckinnon sold 179,687 shares of the stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $93.42, for a total transaction of $16,786,359.54. Following the completion of the sale, the chief executive officer now owns 47,883 shares of the company’s stock, valued at approximately $4,473,229.86. The disclosure for this sale can be found here. In the last quarter, insiders have sold 347,411 shares of company stock valued at $32,837,280. 7.00% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on OKTA
Okta Price Performance
Shares of NASDAQ OKTA opened at $75.75 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $87.77 and a 200-day moving average price of $93.94. Okta, Inc. has a 1 year low of $65.04 and a 1 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.
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