Okta Inc (NASDAQ:OKTA) CFO William E. Losch sold 15,000 shares of the stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $68.67, for a total value of $1,030,050.00. Following the sale, the chief financial officer now owns 15,000 shares of the company’s stock, valued at $1,030,050. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of OKTA stock traded up $0.17 on Wednesday, reaching $69.59. 1,480,300 shares of the company were exchanged, compared to its average volume of 2,022,744. The stock has a market capitalization of $7.48 billion, a PE ratio of -51.17 and a beta of -0.53. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.90 and a quick ratio of 2.90. Okta Inc has a one year low of $24.71 and a one year high of $75.49.
Okta (NASDAQ:OKTA) last released its quarterly earnings data on Thursday, September 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.36) by $0.21. The company had revenue of $94.59 million for the quarter, compared to analysts’ expectations of $85.00 million. Okta had a negative net margin of 38.13% and a negative return on equity of 56.91%. The business’s revenue was up 57.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.16) EPS. analysts anticipate that Okta Inc will post -1.12 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the company. HL Financial Services LLC boosted its position in shares of Okta by 4.7% during the 2nd quarter. HL Financial Services LLC now owns 20,447 shares of the company’s stock worth $1,030,000 after purchasing an additional 918 shares in the last quarter. Bank Hapoalim BM boosted its position in shares of Okta by 8.7% during the 2nd quarter. Bank Hapoalim BM now owns 12,120 shares of the company’s stock worth $610,000 after purchasing an additional 965 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Okta by 129.9% during the 2nd quarter. Parallel Advisors LLC now owns 2,393 shares of the company’s stock worth $120,000 after purchasing an additional 1,352 shares in the last quarter. HM Payson & Co. boosted its position in shares of Okta by 30.5% during the 2nd quarter. HM Payson & Co. now owns 6,616 shares of the company’s stock worth $333,000 after purchasing an additional 1,545 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Okta by 276.1% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,633 shares of the company’s stock worth $105,000 after purchasing an additional 1,933 shares in the last quarter. 58.81% of the stock is currently owned by institutional investors.
Okta, Inc provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta Identity Cloud, a platform that offers a suite of products to manage and secure identities, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access their applications in the cloud or on-premise from various devices with a single entry of their user credentials; Adaptive Multi-Factor Authentication, a product that provides an additional layer of security for Web and mobile applications, and data of organization; Lifecycle Management, which enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; and Mobility Management, which simplifies and automates mobile device administration and provisioning across phones, tablets, and laptops.
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