24,256 Shares in Okta, Inc. (NASDAQ:OKTA) Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new position in shares of Okta, Inc. (NASDAQ:OKTA) in the 2nd quarter, Holdings Channel reports. The fund bought 24,256 shares of the company’s stock, valued at approximately $2,271,000.

Other large investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise lifted its holdings in shares of Okta by 4.3% in the first quarter. Banque Cantonale Vaudoise now owns 2,933 shares of the company’s stock valued at $307,000 after purchasing an additional 122 shares in the last quarter. Caprock Group LLC lifted its holdings in shares of Okta by 4.7% in the second quarter. Caprock Group LLC now owns 2,856 shares of the company’s stock valued at $267,000 after purchasing an additional 129 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Okta by 11.0% in the second quarter. National Bank of Canada FI now owns 1,315 shares of the company’s stock valued at $124,000 after purchasing an additional 130 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Okta by 71.4% in the first quarter. EverSource Wealth Advisors LLC now owns 341 shares of the company’s stock valued at $36,000 after purchasing an additional 142 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Okta by 5.3% in the second quarter. CWM LLC now owns 2,910 shares of the company’s stock valued at $272,000 after purchasing an additional 147 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Insiders Place Their Bets

In other Okta news, Director Jacques Frederic Kerrest sold 2,100 shares of Okta stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $95.12, for a total transaction of $199,752.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Okta news, Director Jacques Frederic Kerrest sold 2,100 shares of Okta stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $95.12, for a total transaction of $199,752.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Larissa Schwartz sold 2,792 shares of Okta stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $99.40, for a total value of $277,524.80. Following the sale, the insider now directly owns 29,809 shares of the company’s stock, valued at approximately $2,963,014.60. The disclosure for this sale can be found here. Insiders sold a total of 346,173 shares of company stock valued at $32,765,801 over the last 90 days. Insiders own 7.00% of the company’s stock.

Okta Price Performance

NASDAQ:OKTA opened at $74.06 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a fifty day moving average of $89.41 and a 200 day moving average of $94.69. Okta, Inc. has a 52-week low of $65.04 and a 52-week high of $114.50. The firm has a market capitalization of $12.58 billion, a price-to-earnings ratio of -44.35, a P/E/G ratio of 40.62 and a beta of 1.01.

Analyst Ratings Changes

OKTA has been the subject of a number of research analyst reports. BMO Capital Markets increased their price target on Okta from $100.00 to $103.00 and gave the company a “market perform” rating in a research report on Thursday, August 29th. Wells Fargo & Company decreased their price target on Okta from $100.00 to $90.00 and set an “equal weight” rating for the company in a research report on Thursday, August 29th. Canaccord Genuity Group decreased their price target on Okta from $95.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. Jefferies Financial Group decreased their target price on Okta from $110.00 to $100.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $130.00 target price on shares of Okta in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $105.14.

Okta Profile

Okta, Inc operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials.