Okta Inc (NASDAQ:OKTA) General Counsel Jonathan T. Runyan sold 46,876 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $127.88, for a total transaction of $5,994,502.88. Following the completion of the sale, the general counsel now directly owns 46,876 shares of the company’s stock, valued at approximately $5,994,502.88. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Jonathan T. Runyan also recently made the following trade(s):
- On Wednesday, June 19th, Jonathan T. Runyan sold 3,329 shares of Okta stock. The shares were sold at an average price of $129.77, for a total transaction of $432,004.33.
Shares of OKTA opened at $136.61 on Friday. The stock has a market cap of $15.28 billion, a PE ratio of -132.63 and a beta of 1.02. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.61. The firm’s fifty day moving average price is $123.02. Okta Inc has a twelve month low of $41.88 and a twelve month high of $137.80.
Large investors have recently bought and sold shares of the company. Valeo Financial Advisors LLC lifted its position in shares of Okta by 122.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 238 shares of the company’s stock worth $29,000 after purchasing an additional 131 shares during the period. Truewealth LLC bought a new position in Okta in the second quarter worth about $33,000. Meridian Wealth Management LLC bought a new position in Okta in the first quarter worth about $48,000. Optimum Investment Advisors bought a new position in Okta in the first quarter worth about $50,000. Finally, Tortoise Index Solutions LLC bought a new position in Okta in the first quarter worth about $55,000. 77.87% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on OKTA. JPMorgan Chase & Co. cut their price objective on shares of GAP from $24.00 to $17.00 and set an “underweight” rating for the company in a research note on Friday, May 31st. BidaskClub cut shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Monday, June 24th. Deutsche Bank reissued a “buy” rating and set a GBX 430 ($5.62) price target on shares of in a research report on Friday, June 21st. Goldman Sachs Group set a €137.00 ($159.30) price target on shares of Safran and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, Zacks Investment Research raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Wednesday, June 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $100.28.
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 cloud, mobile, and Web applications, as well as for data; Lifecycle Management, which enables IT organizations or developers to manage a user's identity throughout its lifecycle; and API Access Management that enables organizations to secure APIs.It also offers customer support and training, and professional services.
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