Campbell & CO Investment Adviser LLC Has $547,000 Stake in Okta, Inc. (NASDAQ:OKTA) (2024)

Posted by Defense World Staff on Jun 9th, 2024

Campbell & CO Investment Adviser LLC trimmed its holdings in shares of Okta, Inc. (NASDAQ:OKTA – Free Report) by 73.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,043 shares of the company’s stock after selling 16,675 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Okta were worth $547,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OKTA. Vanguard Group Inc. boosted its position in shares of Okta by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 15,281,123 shares of the company’s stock worth $1,245,564,000 after purchasing an additional 123,216 shares during the last quarter. Sands Capital Management LLC increased its stake in shares of Okta by 2.4% in the 3rd quarter. Sands Capital Management LLC now owns 5,871,958 shares of the company’s stock valued at $478,623,000 after acquiring an additional 136,267 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Okta by 6,192.3% in the 4th quarter. Cerity Partners LLC now owns 3,172,223 shares of the company’s stock valued at $287,181,000 after acquiring an additional 3,121,809 shares during the last quarter. Norges Bank bought a new position in Okta during the 4th quarter worth approximately $150,794,000. Finally, Eminence Capital LP boosted its stake in Okta by 7.7% during the 3rd quarter. Eminence Capital LP now owns 1,599,703 shares of the company’s stock worth $130,392,000 after acquiring an additional 113,994 shares during the last quarter. 86.64% of the stock is owned by institutional investors.

Okta Stock Performance

OKTA opened at $87.42 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.19. The stock has a market cap of $14.63 billion, a price-to-earnings ratio of -52.35 and a beta of 1.03. Okta, Inc. has a 12-month low of $65.04 and a 12-month high of $114.50. The business has a 50 day moving average of $96.27 and a 200-day moving average of $90.94.

Insider Buying and Selling at Okta

In other news, Director Shellye L. Archambeau sold 5,000 shares of the firm’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 completion of the sale, the director now owns 6,042 shares in the company, valued at approximately $646,252.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Okta news, CAO Shibu Ninan sold 4,279 shares of Okta stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $104.14, for a total value of $445,615.06. Following the completion of the sale, the chief accounting officer now owns 4,111 shares in the company, valued at approximately $428,119.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shellye L. Archambeau sold 5,000 shares of the business’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 completion of the sale, the director now directly owns 6,042 shares of the company’s stock, valued at approximately $646,252.32. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

OKTA has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price target on shares of Okta from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Robert W. Baird raised their price target on Okta from $90.00 to $108.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. UBS Group decreased their price objective on Okta from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Piper Sandler raised their target price on shares of Okta from $85.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. Finally, Royal Bank of Canada upped their price target on shares of Okta from $95.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Nineteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Okta currently has a consensus rating of “Hold” and a consensus price target of $104.48.

Read Our Latest Stock Analysis on OKTA