Okta, Inc. (NASDAQ:OKTA) Shares Bought by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC grew its holdings in shares of Okta, Inc. (NASDAQ:OKTA) by 6.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 18,400 shares of the company’s stock after buying an additional 1,168 shares during the period. Blue Zone Wealth Advisors LLC’s holdings in Okta were worth $1,450,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OKTA. Stephens Inc. AR grew its holdings in shares of Okta by 5.0% in the 4th quarter. Stephens Inc. AR now owns 3,296 shares of the company’s stock worth $260,000 after acquiring an additional 157 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Okta by 2.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,135 shares of the company’s stock worth $605,000 after acquiring an additional 180 shares during the period. Bleakley Financial Group LLC grew its holdings in shares of Okta by 4.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 4,114 shares of the company’s stock worth $306,000 after acquiring an additional 182 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in shares of Okta by 12.4% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,704 shares of the company’s stock worth $127,000 after acquiring an additional 188 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Okta by 105.5% in the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $28,000 after acquiring an additional 191 shares during the period. Institutional investors and hedge funds own 86.64% of the company’s stock.

Okta Price Performance

NASDAQ:OKTA opened at $96.29 on Friday. Okta, Inc. has a one year low of $70.56 and a one year high of $114.50. The stock has a 50-day simple moving average of $87.42 and a 200 day simple moving average of $82.26. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06.

Insider Buying and Selling at Okta

In other Okta news, Director Jacques Frederic Kerrest sold 65,000 shares of Okta stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $97.50, for a total value of $6,337,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Larissa Schwartz sold 2,704 shares of Okta stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $80.50, for a total value of $217,672.00. Following the completion of the transaction, the insider now owns 24,462 shares of the company’s stock, valued at approximately $1,969,191. The trade was a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 980,908 shares of company stock worth $85,025,665 over the last ninety days. Company insiders own 7.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. JMP Securities restated a “market perform” rating on shares of Okta in a report on Wednesday, December 4th. Susquehanna upped their price target on Okta from $85.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. BMO Capital Markets upped their target price on Okta from $103.00 to $105.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft lowered Okta from a “buy” rating to a “hold” rating and reduced their target price for the company from $115.00 to $85.00 in a research note on Tuesday, November 12th. Finally, Canaccord Genuity Group upped their target price on Okta from $82.00 to $94.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $105.45.

Okta Company 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.