Okta, Inc. (OKTA) CEO Todd Mckinnon Sells 75,000 Shares of Stock

Okta, Inc. (NASDAQ:OKTA) CEO Todd Mckinnon sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $28.72, for a total value of $2,154,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Todd Mckinnon also recently made the following trade(s):

  • On Friday, December 1st, Todd Mckinnon sold 57,236 shares of Okta stock. The shares were sold at an average price of $28.77, for a total value of $1,646,679.72.
  • On Wednesday, November 1st, Todd Mckinnon sold 75,000 shares of Okta stock. The stock was sold at an average price of $28.98, for a total value of $2,173,500.00.
  • On Monday, October 16th, Todd Mckinnon sold 25,455 shares of Okta stock. The stock was sold at an average price of $27.31, for a total transaction of $695,176.05.
  • On Wednesday, October 11th, Todd Mckinnon sold 40,158 shares of Okta stock. The stock was sold at an average price of $28.61, for a total transaction of $1,148,920.38.
  • On Thursday, October 12th, Todd Mckinnon sold 49,545 shares of Okta stock. The stock was sold at an average price of $28.59, for a total transaction of $1,416,491.55.

Okta, Inc. (NASDAQ OKTA) traded up $0.05 during trading on Wednesday, reaching $28.36. 512,600 shares of the company were exchanged, compared to its average volume of 551,161. Okta, Inc. has a fifty-two week low of $21.52 and a fifty-two week high of $33.64.

Okta (NASDAQ:OKTA) last announced its quarterly earnings results on Thursday, September 7th. The company reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.03). The business had revenue of $61.00 million for the quarter, compared to analysts’ expectations of $55.90 million. The firm’s quarterly revenue was up 63.1% compared to the same quarter last year. equities analysts predict that Okta, Inc. will post -0.96 earnings per share for the current fiscal year.

A number of analysts recently weighed in on the company. BidaskClub downgraded Okta from a “buy” rating to a “hold” rating in a report on Tuesday. Oppenheimer initiated coverage on shares of Okta in a research report on Tuesday, October 10th. They set an “outperform” rating and a $32.00 price objective on the stock. Zacks Investment Research cut shares of Okta from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. William Blair initiated coverage on shares of Okta in a research report on Wednesday, October 4th. They set an “outperform” rating on the stock. Finally, SunTrust Banks began coverage on shares of Okta in a research report on Friday, October 27th. They set a “buy” rating and a $36.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $32.71.

Institutional investors have recently bought and sold shares of the business. Allen Operations LLC purchased a new position in shares of Okta in the second quarter valued at about $1,656,000. JPMorgan Chase & Co. bought a new stake in Okta during the second quarter worth about $21,855,000. Capital World Investors bought a new position in shares of Okta in the second quarter worth approximately $11,400,000. Crawford Lake Capital Management LLC bought a new position in shares of Okta in the second quarter worth approximately $1,230,000. Finally, Bamco Inc. NY bought a new position in shares of Okta in the second 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.

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