Insider Selling: Okta, Inc. (OKTA) Insider Sells $7,647,000.00 in Stock

Okta, Inc. (NASDAQ:OKTA) insider Ventures Iv L.P. Khosla sold 300,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $25.49, for a total transaction of $7,647,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Okta, Inc. (OKTA) opened at $25.95 on Friday. Okta, Inc. has a 1-year low of $21.52 and a 1-year high of $33.64.

A number of research analysts have weighed in on the stock. SunTrust Banks assumed coverage on shares of Okta in a research report on Friday, October 27th. They issued a “buy” rating and a $36.00 price objective for the company. Zacks Investment Research upgraded shares of Okta from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Wednesday, September 20th. KeyCorp restated a “buy” rating and set a $35.00 price target on shares of Okta in a research report on Friday, September 8th. Oppenheimer restated a “buy” rating and set a $34.00 price target on shares of Okta in a research report on Thursday, December 7th. Finally, Canaccord Genuity restated a “hold” rating and set a $27.00 price target on shares of Okta in a research report on Wednesday, August 30th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $33.00.

Institutional investors have recently bought and sold shares of the company. Allen Operations LLC purchased a new position in shares of Okta during the 2nd quarter worth approximately $1,656,000. JPMorgan Chase & Co. purchased a new position in shares of Okta during the 2nd quarter worth approximately $21,855,000. Capital World Investors purchased a new position in shares of Okta during the 2nd quarter worth approximately $11,400,000. Crawford Lake Capital Management LLC purchased a new position in shares of Okta during the 2nd quarter worth approximately $1,230,000. Finally, Bamco Inc. NY purchased a new position in shares of Okta during the 2nd quarter worth approximately $914,000. 14.33% of the stock is owned by institutional investors and hedge funds.

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About Okta

Okta, Inc is a United States-based independent provider of identity for the enterprise. The Company’s Okta Identity Cloud connects and protects employees. It also connects enterprises to their partners, suppliers and customers. The Company offers products, such as Okta information technology (IT) Products and Okta for Developers.

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

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