Okta (OKTA) General Counsel Sells $96,025.00 in Stock

Okta (NASDAQ:OKTA) General Counsel Jonathan T. Runyan sold 2,500 shares of the firm’s stock in a transaction on Wednesday, March 28th. The stock was sold at an average price of $38.41, for a total value of $96,025.00. Following the completion of the sale, the general counsel now directly owns 2,500 shares of the company’s stock, valued at $96,025. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NASDAQ OKTA opened at $39.85 on Monday. The firm has a market capitalization of $4,170.54 and a PE ratio of -29.09. Okta has a fifty-two week low of $21.52 and a fifty-two week high of $42.88.

How to Become a New Pot Stock Millionaire

Okta (NASDAQ:OKTA) last announced its quarterly earnings results on Wednesday, March 7th. The company reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.05. The company had revenue of $77.80 million during the quarter, compared to analysts’ expectations of $76.77 million. Okta had a negative return on equity of 65.56% and a negative net margin of 43.99%. Okta’s revenue for the quarter was up 59.4% on a year-over-year basis. analysts anticipate that Okta will post -1.3 EPS for the current year.

A number of research firms have issued reports on OKTA. BidaskClub raised Okta from a “sell” rating to a “hold” rating in a research report on Saturday, January 20th. Needham & Company LLC raised their target price on Okta from $38.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, March 8th. KeyCorp reissued a “positive” rating and issued a $43.00 target price (up from $35.00) on shares of Okta in a research report on Thursday, February 22nd. Oppenheimer raised their target price on Okta from $34.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 21st. Finally, SunTrust Banks raised their target price on Okta to $45.00 and gave the stock a “buy” rating in a research report on Thursday, March 8th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Okta currently has an average rating of “Buy” and a consensus price target of $42.09.

Several hedge funds and other institutional investors have recently made changes to their positions in OKTA. State Street Corp purchased a new position in shares of Okta in the second quarter valued at $3,444,000. The Manufacturers Life Insurance Company purchased a new position in shares of Okta in the second quarter valued at $219,000. California State Teachers Retirement System purchased a new position in shares of Okta in the second quarter valued at $449,000. American Century Companies Inc. grew its position in shares of Okta by 149.6% in the third quarter. American Century Companies Inc. now owns 22,001 shares of the company’s stock valued at $621,000 after purchasing an additional 13,187 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Okta by 145.3% in the third quarter. Bank of New York Mellon Corp now owns 83,528 shares of the company’s stock valued at $2,357,000 after purchasing an additional 49,477 shares in the last quarter. Institutional investors own 38.06% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This story was originally published by WKRB News and is the sole property of of WKRB News. If you are viewing this story on another website, it was copied illegally and reposted in violation of United States & international trademark and copyright legislation. The original version of this story can be accessed at https://www.wkrb13.com/2018/04/02/okta-okta-general-counsel-sells-96025-00-in-stock.html.

About Okta

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.

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

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

Leave a Reply