Nicholas Company Inc. lessened its holdings in Okta, Inc. (NASDAQ:OKTA - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 191,712 shares of the company's stock after selling 21,290 shares during the quarter. Nicholas Company Inc. owned approximately 0.12% of Okta worth $17,356,000 at the end of the most recent reporting period.
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Other large investors have also added to or reduced their stakes in the company. NBC Securities Inc. bought a new position in Okta in the 3rd quarter valued at approximately $27,000. GAMMA Investing LLC bought a new position in Okta in the 4th quarter valued at approximately $29,000. Principal Securities Inc. bought a new position in Okta during the 4th quarter worth approximately $48,000. UMB Bank n.a. raised its holdings in Okta by 150.5% during the 4th quarter. UMB Bank n.a. now owns 749 shares of the company's stock worth $68,000 after purchasing an additional 450 shares during the last quarter. Finally, Lindbrook Capital LLC raised its holdings in Okta by 61.6% during the 4th quarter. Lindbrook Capital LLC now owns 782 shares of the company's stock worth $71,000 after purchasing an additional 298 shares during the last quarter. Institutional investors own 86.64% of the company's stock.
Insider Buying and Selling at Okta
In other Okta news, Director Shellye L. Archambeau sold 5,000 shares of the company's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $106.96, for a total transaction of $534,800.00. Following the sale, the director now directly owns 6,042 shares of the company's stock, valued at $646,252.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Shellye L. Archambeau sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $106.96, for a total transaction of $534,800.00. Following the sale, the director now directly owns 6,042 shares in the company, valued at approximately $646,252.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Shibu Ninan sold 4,279 shares of the company's stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $104.14, for a total transaction of $445,615.06. Following the sale, the chief accounting officer now owns 4,111 shares in the company, valued at $428,119.54. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company's stock.
Okta Stock Performance
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NASDAQ OKTA traded down $0.18 during trading hours on Monday, reaching $88.50. 2,332,934 shares of the company were exchanged, compared to its average volume of 1,934,431. The business's 50 day simple moving average is $97.64 and its 200-day simple moving average is $90.76. Okta, Inc. has a 1 year low of $65.04 and a 1 year high of $114.50. The stock has a market capitalization of $14.81 billion, a P/E ratio of -52.99 and a beta of 1.03. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.19.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the stock. Westpark Capital upgraded shares of Okta from a "hold" rating to a "buy" rating and set a $140.00 price target for the company in a report on Thursday, February 29th. UBS Group lowered their price target on shares of Okta from $130.00 to $120.00 and set a "buy" rating for the company in a report on Thursday. Sanford C. Bernstein raised their price objective on shares of Okta from $84.00 to $114.00 and gave the stock a "market perform" rating in a research report on Thursday, February 29th. BMO Capital Markets dropped their target price on shares of Okta from $110.00 to $100.00 and set a "market perform" rating on the stock in a research report on Monday. Finally, Oppenheimer raised their price target on shares of Okta from $110.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, February 29th. Nineteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Okta currently has a consensus rating of "Hold" and a consensus price target of $104.48.
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Read Our Latest Analysis on Okta
Okta Profile
(Free Report)
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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