Okta Inc (NASDAQ:OKTA) insider Jacques Frederic Kerrest sold 86,140 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $130.23, for a total transaction of $11,218,012.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Jacques Frederic Kerrest also recently made the following trade(s):
- On Thursday, November 21st, Jacques Frederic Kerrest sold 300 shares of Okta stock. The stock was sold at an average price of $130.00, for a total transaction of $39,000.00.
- On Monday, November 18th, Jacques Frederic Kerrest sold 43,220 shares of Okta stock. The stock was sold at an average price of $120.10, for a total transaction of $5,190,722.00.
- On Wednesday, November 13th, Jacques Frederic Kerrest sold 21,610 shares of Okta stock. The stock was sold at an average price of $115.05, for a total transaction of $2,486,230.50.
- On Wednesday, October 30th, Jacques Frederic Kerrest sold 4,738 shares of Okta stock. The stock was sold at an average price of $110.07, for a total transaction of $521,511.66.
NASDAQ:OKTA opened at $129.78 on Monday. The firm has a 50 day simple moving average of $114.02 and a 200-day simple moving average of $120.06. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $15.17 billion, a PE ratio of -126.00 and a beta of 1.01. Okta Inc has a 1-year low of $52.05 and a 1-year high of $141.85.
A number of equities analysts have issued reports on the stock. Guggenheim lifted their target price on shares of Okta from $125.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Cowen assumed coverage on shares of Okta in a research report on Wednesday, August 21st. They set an “outperform” rating and a $150.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of Okta from $127.00 to $168.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Zacks Investment Research cut shares of Okta from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Finally, DA Davidson upgraded shares of Okta from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $131.00 to $135.00 in a research report on Monday, November 18th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $132.28.
Okta, Inc provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta Identity Cloud, a platform that offers a suite of products to manage and secure identities, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access their applications in the cloud or on-premise from various devices with a single entry of their user credentials; Adaptive Multi-Factor Authentication, a product that provides an additional layer of security for cloud, mobile, and Web applications, as well as for data; Lifecycle Management, which enables IT organizations or developers to manage a user's identity throughout its lifecycle; and API Access Management that enables organizations to secure APIs.It also offers customer support and training, and professional services.
See Also: Buy-Side Analysts
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