Thematics Asset Management lowered its stake in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) by 33.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 123,000 shares of the company's stock after selling 62,000 shares during the period. Thematics Asset Management owned about 0.07% of Okta worth $11,135,000 as of its most recent filing with the Securities and Exchange Commission.
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A number of other institutional investors have also recently added to or reduced their stakes in OKTA. Vanguard Group Inc. raised its position in Okta by 0.8% during the third quarter. Vanguard Group Inc. now owns 15,281,123 shares of the company's stock worth $1,245,564,000 after acquiring an additional 123,216 shares during the last quarter. Sands Capital Management LLC raised its position in Okta by 42.3% during the fourth quarter. Sands Capital Management LLC now owns 8,358,414 shares of the company's stock worth $756,687,000 after acquiring an additional 2,486,456 shares during the last quarter. First Trust Advisors LP raised its position in Okta by 28.1% during the fourth quarter. First Trust Advisors LP now owns 4,085,430 shares of the company's stock worth $369,854,000 after acquiring an additional 897,216 shares during the last quarter. Cerity Partners LLC raised its position in Okta by 6,192.3% during the fourth quarter. Cerity Partners LLC now owns 3,172,223 shares of the company's stock worth $287,181,000 after acquiring an additional 3,121,809 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Okta in the fourth quarter valued at approximately $150,794,000. Hedge funds and other institutional investors own 86.64% of the company's stock.
Insiders Place Their Bets
In other Okta news, Director Shellye L. Archambeau sold 5,000 shares of the stock in a transaction 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 of the company's stock, valued at $646,252.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Okta news, Director Shellye L. Archambeau sold 5,000 shares of the stock in a transaction 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 of the company's stock, valued at $646,252.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Shibu Ninan sold 4,279 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $104.14, for a total transaction of $445,615.06. Following the completion of the sale, the chief accounting officer now directly owns 4,111 shares in the company, valued at approximately $428,119.54. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.
Okta Stock Down 0.3 %
- Okta, Inc. Stock Falls To Critical Level: What Happens Next?
Shares of NASDAQ:OKTA traded down $0.27 on Friday, reaching $87.42. 1,016,412 shares of the company's stock were exchanged, compared to its average volume of 2,167,975. Okta, Inc. has a fifty-two week low of $65.04 and a fifty-two week high of $114.50. The business's 50-day moving average is $96.27 and its two-hundred day moving average is $90.94. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.19.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on OKTA shares. Royal Bank of Canada boosted their price objective on shares of Okta from $95.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, February 29th. BMO Capital Markets cut their price objective on shares of Okta from $110.00 to $100.00 and set a "market perform" rating for the company in a research report on Monday, June 3rd. UBS Group cut their price objective on shares of Okta from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 30th. Susquehanna cut their price objective on shares of Okta from $115.00 to $110.00 and set a "neutral" rating for the company in a research report on Thursday, May 30th. Finally, Wedbush reissued an "outperform" rating and issued a $130.00 price objective on shares of Okta in a research report on Wednesday, May 29th. Nineteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $104.48.
- Okta Raises EPS Forecasts Despite High Profile Security Breaches
Read Our Latest Report on OKTA
Okta Company 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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