Okta, Inc. (OKTA) CEO Todd Mckinnon Sells 75,000 Shares

Okta, Inc. (NASDAQ:OKTA) CEO Todd Mckinnon sold 75,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $28.72, for a total value of $2,154,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Todd Mckinnon also recently made the following trade(s):

  • On Friday, December 1st, Todd Mckinnon sold 57,236 shares of Okta stock. The shares were sold at an average price of $28.77, for a total value of $1,646,679.72.
  • On Wednesday, November 1st, Todd Mckinnon sold 75,000 shares of Okta stock. The shares were sold at an average price of $28.98, for a total value of $2,173,500.00.
  • On Monday, October 16th, Todd Mckinnon sold 25,455 shares of Okta stock. The shares were sold at an average price of $27.31, for a total value of $695,176.05.
  • On Wednesday, October 11th, Todd Mckinnon sold 40,158 shares of Okta stock. The shares were sold at an average price of $28.61, for a total value of $1,148,920.38.
  • On Thursday, October 12th, Todd Mckinnon sold 49,545 shares of Okta stock. The shares were sold at an average price of $28.59, for a total value of $1,416,491.55.

Okta, Inc. (NASDAQ:OKTA) traded up $0.05 during trading on Tuesday, reaching $28.36. The company’s stock had a trading volume of 512,607 shares, compared to its average volume of 551,161. Okta, Inc. has a 1 year low of $21.52 and a 1 year high of $33.64.

Okta (NASDAQ:OKTA) last announced its earnings results on Thursday, September 7th. The company reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.03). The firm had revenue of $61.00 million during the quarter, compared to the consensus estimate of $55.90 million. Okta’s revenue for the quarter was up 63.1% compared to the same quarter last year. equities analysts anticipate that Okta, Inc. will post -0.96 EPS for the current fiscal year.

OKTA has been the subject of several research reports. SunTrust Banks initiated coverage on Okta in a research report on Friday, October 27th. They issued a “buy” rating and a $36.00 price objective for the company. KeyCorp reissued a “buy” rating and issued a $35.00 price objective on shares of Okta in a research report on Friday, September 8th. Zacks Investment Research raised Okta from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Thursday, September 14th. Canaccord Genuity raised their target price on Okta from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, September 8th. Finally, BidaskClub cut Okta from a “buy” rating to a “hold” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $32.71.

Large investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in Okta in the second quarter worth about $101,000. SG Americas Securities LLC acquired a new stake in Okta in the third quarter worth about $128,000. Paulson & CO. Inc. acquired a new stake in Okta in the second quarter worth about $171,000. CI Investments Inc. acquired a new stake in Okta in the second quarter worth about $171,000. Finally, American Century Companies Inc. acquired a new stake in Okta in the second quarter worth about $201,000. Institutional investors own 14.33% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Okta, Inc. (OKTA) CEO Todd Mckinnon Sells 75,000 Shares” was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://www.chaffeybreeze.com/2017/12/05/okta-inc-okta-ceo-todd-mckinnon-sells-75000-shares-2.html.

Okta Company Profile

Okta, Inc is a United States-based independent provider of identity for the enterprise. The Company’s Okta Identity Cloud connects and protects employees. It also connects enterprises to their partners, suppliers and customers. The Company offers products, such as Okta information technology (IT) Products and Okta for Developers.

Insider Buying and Selling by Quarter for Okta (NASDAQ:OKTA)

Receive News & Ratings for Okta Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Okta Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply