Vontobel Holding Ltd. Sells 43,035 Shares of Okta, Inc. (NASDAQ:OKTA)

Vontobel Holding Ltd. cut its position in shares of Okta, Inc. (NASDAQ:OKTA) by 26.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 122,031 shares of the company’s stock after selling 43,035 shares during the period. Vontobel Holding Ltd.’s holdings in Okta were worth $9,616,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in Okta by 138.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 554,633 shares of the company’s stock valued at $43,721,000 after purchasing an additional 322,201 shares in the last quarter. Bristlecone Advisors LLC raised its position in Okta by 35.2% during the 4th quarter. Bristlecone Advisors LLC now owns 6,607 shares of the company’s stock valued at $521,000 after purchasing an additional 1,719 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new position in shares of Okta in the 4th quarter worth $44,000. Savant Capital LLC bought a new position in shares of Okta in the 4th quarter worth $829,000. Finally, Stephens Inc. AR raised its position 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 in the last quarter. 86.64% of the stock is owned by institutional investors.

Insider Transactions at Okta

In related news, Director Jacques Frederic Kerrest sold 131,426 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $80.68, for a total value of $10,603,449.68. Following the completion of the transaction, the director now owns 1,622 shares of the company’s stock, valued at approximately $130,862.96. This represents a 98.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Larissa Schwartz sold 2,740 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $97.59, for a total value of $267,396.60. Following the completion of the transaction, the insider now directly owns 22,125 shares of the company’s stock, valued at $2,159,178.75. The trade was a 11.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 980,908 shares of company stock worth $85,025,665 over the last quarter. 7.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

OKTA has been the subject of several recent research reports. BTIG Research boosted their price target on Okta from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. raised Okta from a “neutral” rating to an “overweight” rating and set a $100.00 price target for the company in a research report on Monday, December 16th. Guggenheim reissued a “buy” rating and issued a $130.00 price target on shares of Okta in a research report on Wednesday, December 4th. DA Davidson boosted their price target on Okta from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Finally, Mizuho boosted their price target on Okta from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $105.45.

Okta Stock Down 4.0 %

Shares of OKTA opened at $96.29 on Friday. Okta, Inc. has a 52 week low of $70.56 and a 52 week high of $114.50. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $16.50 billion, a price-to-earnings ratio of -275.11, a PEG ratio of 6.58 and a beta of 1.03. The stock’s 50-day moving average price is $87.42 and its 200-day moving average price is $82.26.

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.