Daiwa Securities Group Inc. lessened its position in Okta, Inc. (NASDAQ:OKTA – Free Report) by 16.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 13,385 shares of the company’s stock after selling 2,730 shares during the period. Daiwa Securities Group Inc.’s holdings in Okta were worth $1,055,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new stake in Okta in the 4th quarter worth $25,000. Itau Unibanco Holding S.A. bought a new stake in Okta in the 3rd quarter worth $25,000. Legacy Investment Solutions LLC bought a new stake in Okta in the 3rd quarter worth $32,000. Wingate Wealth Advisors Inc. bought a new stake in Okta in the 4th quarter worth $44,000. Finally, Modus Advisors LLC bought a new stake in Okta in the 4th quarter worth $44,000. Institutional investors own 86.64% of the company’s stock.
Okta Stock Performance
Shares of OKTA stock opened at $112.55 on Friday. The company has a 50 day moving average price of $94.58 and a 200-day moving average price of $83.26. Okta, Inc. has a 52 week low of $70.56 and a 52 week high of $116.96. The firm has a market capitalization of $19.29 billion, a PE ratio of -321.57, a P/E/G ratio of 6.42 and a beta of 1.09. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.06.
Analysts Set New Price Targets
Read Our Latest Analysis on OKTA
Insider Transactions at Okta
In related news, Director Jacques Frederic Kerrest sold 130,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $105.00, for a total transaction of $13,650,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brett Tighe sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $89.00, for a total transaction of $445,000.00. Following the sale, the chief financial officer now owns 112,533 shares of the company’s stock, valued at $10,015,437. This trade represents a 4.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 979,482 shares of company stock worth $88,072,216 over the last three months. 7.00% of the stock is currently owned by company insiders.
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.
Further Reading
- Five stocks we like better than Okta
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- What is a buyback in stocks? A comprehensive guide for investors
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Want to see what other hedge funds are holding OKTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Okta, Inc. (NASDAQ:OKTA – Free Report).
Receive News & Ratings for Okta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Okta and related companies with MarketBeat.com's FREE daily email newsletter.