Okta (OKTA) CFO William E. Losch Sells 15,000 Shares of Stock

Okta (NASDAQ:OKTA) CFO William E. Losch sold 15,000 shares of the business’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $40.56, for a total transaction of $608,400.00. Following the sale, the chief financial officer now owns 15,000 shares of the company’s stock, valued at $608,400. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NASDAQ:OKTA opened at $41.56 on Wednesday. The firm has a market capitalization of $4,247.99 and a PE ratio of -30.34. Okta has a one year low of $21.52 and a one year high of $42.88.

How to Become a New Pot Stock Millionaire

Okta (NASDAQ:OKTA) last posted its quarterly earnings data on Wednesday, March 7th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.05. The firm had revenue of $77.80 million during the quarter, compared to analyst estimates of $76.77 million. Okta had a negative return on equity of 65.56% and a negative net margin of 43.99%. Okta’s revenue for the quarter was up 59.4% compared to the same quarter last year. research analysts anticipate that Okta will post -1.3 earnings per share for the current fiscal year.

OKTA has been the subject of a number of research reports. BidaskClub lowered shares of Okta from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st. FBN Securities initiated coverage on shares of Okta in a research note on Monday, January 22nd. They set an “outperform” rating and a $35.00 target price for the company. Needham & Company LLC initiated coverage on shares of Okta in a research note on Wednesday, February 14th. They set a “buy” rating and a $38.00 target price for the company. Oppenheimer boosted their target price on shares of Okta from $34.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, February 21st. Finally, KeyCorp reiterated a “positive” rating and set a $43.00 target price (up from $35.00) on shares of Okta in a research note on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Okta currently has an average rating of “Buy” and a consensus target price of $42.09.

Several large investors have recently bought and sold shares of OKTA. Bank of New York Mellon Corp increased its stake in shares of Okta by 145.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 83,528 shares of the company’s stock worth $2,357,000 after purchasing an additional 49,477 shares in the last quarter. SG Americas Securities LLC bought a new position in Okta in the 3rd quarter worth $128,000. Ameriprise Financial Inc. boosted its holdings in Okta by 17.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 325,715 shares of the company’s stock worth $9,189,000 after buying an additional 47,542 shares during the period. Wells Fargo & Company MN boosted its holdings in Okta by 32.3% in the 3rd quarter. Wells Fargo & Company MN now owns 14,013 shares of the company’s stock worth $395,000 after buying an additional 3,421 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Okta by 30.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 23,900 shares of the company’s stock worth $675,000 after buying an additional 5,600 shares during the period. Hedge funds and other institutional investors own 38.05% of the company’s stock.

TRADEMARK VIOLATION WARNING: This story was first posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://www.thelincolnianonline.com/2018/04/18/okta-okta-cfo-william-e-losch-sells-15000-shares-of-stock.html.

About Okta

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 Web and mobile applications, and data of organization; Lifecycle Management, which enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; and Mobility Management, which simplifies and automates mobile device administration and provisioning across phones, tablets, and laptops.

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

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.

Leave a Reply