Todd Mckinnon Sells 57,236 Shares of Okta, Inc. (OKTA) Stock

Okta, Inc. (NASDAQ:OKTA) CEO Todd Mckinnon sold 57,236 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $28.77, for a total value of $1,646,679.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, December 4th, Todd Mckinnon sold 75,000 shares of Okta stock. The shares were sold at an average price of $28.72, for a total value of $2,154,000.00.
  • 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. (OKTA) opened at $28.46 on Thursday. Okta, Inc. has a 12 month low of $21.52 and a 12 month high of $33.64.

Okta (NASDAQ:OKTA) last released its quarterly earnings results on Thursday, September 7th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.03). The company had revenue of $61.00 million during the quarter, compared to analysts’ expectations of $55.90 million. The company’s quarterly revenue was up 63.1% on a year-over-year basis. sell-side analysts predict that Okta, Inc. will post -0.96 EPS for the current year.

A number of research analysts have recently commented on OKTA shares. Zacks Investment Research downgraded Okta from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Canaccord Genuity reiterated a “hold” rating and issued a $27.00 price objective on shares of Okta in a report on Wednesday, August 30th. KeyCorp reiterated a “buy” rating on shares of Okta in a report on Friday, September 1st. William Blair started coverage on Okta in a report on Wednesday, October 4th. They issued an “outperform” rating on the stock. Finally, Oppenheimer started coverage on Okta in a report on Tuesday, October 10th. They issued an “outperform” rating and a $32.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Okta has a consensus rating of “Buy” and a consensus price target of $32.71.

Large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new position in Okta during the 2nd quarter worth approximately $101,000. SG Americas Securities LLC purchased a new position in Okta during the 3rd quarter worth approximately $128,000. Invictus RG purchased a new position in Okta during the 3rd quarter worth approximately $211,000. Paulson & CO. Inc. purchased a new position in Okta during the 2nd quarter worth approximately $171,000. Finally, CI Investments Inc. purchased a new position in Okta during the 2nd quarter worth approximately $171,000. Hedge funds and other institutional investors own 14.33% of the company’s stock.

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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)

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