Ledger Susan St., an insider at Okta, Inc. (NASDAQ: OKTA), sold 2,504 shares on Friday, December 16. The stock sale generated a total of $168,794.64 in revenue, with the average price at which each share was purchased being $67.41. After the completion of the transaction, the company insider will have 67,298 shares, each of which will be worth approximately $4,536,558.18 at present. Should you follow this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail.
During recent years, significant shareholders in the company have been active in taking action to bring about change. During the first three months of 2018, CI Investments Inc. saw a 944.4% increase in the amount of Okta stock it held in its portfolio. CI Investments Inc. now has a total of 188 shares, valued at $28,000, after purchasing an additional 170 shares during the most recent quarter for a total investment of $28,000. Through the third quarter, Allworth Financial LP was able to increase the proportion of Okta stock owned by 1,397.1%. Allworth Financial LP now has a total of 509 shares of the company, which have a value of $29,000, after purchasing an additional 475 shares during the most recent quarter. Each share of the company is valued at $1.00. Riverview Trust Company increased its holdings in Okta shares during the third quarter by approximately $30,000 to reflect the company’s growing confidence in the company. This move was made to reflect the company’s growing confidence in the company. Federated Hermes Inc. made a new investment in Okta shares during the second quarter of the fiscal year; the value of this investment is approximately $31,000 as of this writing. And finally, throughout the period covered by this report, First Horizon Advisors Inc. increased the proportion of Okta stock that is owned by a factor of 602.0 percent. First Horizon Advisors Inc. now has a total of 358 shares, which are currently valued at $32,000, after purchasing an additional 307 shares during the most recent quarter. Currently, 75.47% of the company’s shares are owned by hedge funds and other institutional investors.
Okta’s share price was reduced by $2.57 throughout trading on Monday, bringing the stock’s total value to $65.35. The volume of trading in the company’s stock was 2,167,478 shares, which is significantly lower than its typical volume of trading, which is 3,498,280 shares. The 50-day moving average for the company is currently $55.15, and the 200-day moving average is currently $74.78. Okta, Inc. has seen its stock price fluctuate between a low of $44.12 and a high of $234.79 over the past 52 weeks. There is a debt-to-equity ratio of 0.41, the current ratio is 2.30, the quick ratio is 2.30, and the current ratio is 2.30. The company possesses a price-to-earnings ratio of -11.31, a beta value of 1.18, and a market capitalization of $10.47 billion.
Regarding OKTA, a significant number of different research reports have been written. In a report released on Monday, November 14, Canaccord Genuity Group downgraded their price objective on Okta from $85.00 to $70.00 and categorized the stock as a “hold.” In a research note released on Sunday, November 13, Citigroup announced that they would be lowering their target price for Okta shares to $65.00, which was previously set at $98.00. In a resea