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.
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.
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.
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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