Ventures Iv L.P. Khosla Sells 300,000 Shares of Okta, Inc. (OKTA) Stock

Okta, Inc. (NASDAQ:OKTA) insider Ventures Iv L.P. Khosla sold 300,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $25.49, for a total value of $7,647,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Okta, Inc. (NASDAQ OKTA) opened at $26.06 on Friday. Okta, Inc. has a 1 year low of $21.52 and a 1 year high of $33.64.

Several institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System grew its position in Okta by 11.2% during the 3rd quarter. California State Teachers Retirement System now owns 21,900 shares of the company’s stock worth $618,000 after acquiring an additional 2,200 shares during the last quarter. Wells Fargo & Company MN grew its position in Okta by 32.3% during the 3rd quarter. Wells Fargo & Company MN now owns 14,013 shares of the company’s stock worth $395,000 after acquiring an additional 3,421 shares during the last quarter. Quantbot Technologies LP bought a new position in Okta during the 2nd quarter worth approximately $101,000. SG Americas Securities LLC bought a new position in Okta during the 3rd quarter worth approximately $128,000. Finally, Schwab Charles Investment Management Inc. grew its position in Okta by 30.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 23,900 shares of the company’s stock worth $675,000 after acquiring an additional 5,600 shares during the last quarter. Hedge funds and other institutional investors own 14.33% of the company’s stock.

Several equities analysts have recently commented on OKTA shares. KeyCorp reiterated a “buy” rating and set a $35.00 price objective on shares of Okta in a research report on Friday, September 8th. Canaccord Genuity reiterated a “hold” rating and set a $27.00 price objective on shares of Okta in a research report on Wednesday, August 30th. Zacks Investment Research lowered Okta from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. BidaskClub lowered Okta from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, William Blair started coverage on Okta in a research report on Wednesday, October 4th. They set an “outperform” rating on the stock. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $33.00.

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Okta Company Profile

Okta, Inc is a United States-based independent provider of identity for the enterprise. The Company’s Okta Identity Cloud connects and protects employees. It also connects enterprises to their partners, suppliers and customers. The Company offers products, such as Okta information technology (IT) Products and Okta for Developers.

Insider Buying and Selling by Quarter for Okta (NASDAQ:OKTA)

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