2,650 Shares in Okta, Inc. (NASDAQ:OKTA) Bought by Kera Capital Partners Inc.

Kera Capital Partners Inc. purchased a new stake in Okta, Inc. (NASDAQ:OKTA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,650 shares of the company’s stock, valued at approximately $209,000.

Several other institutional investors and hedge funds also recently made changes to their positions in OKTA. Wealth Enhancement Advisory Services LLC grew its holdings in Okta by 2.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,135 shares of the company’s stock worth $605,000 after buying an additional 180 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Okta by 4.6% during 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 last quarter. Creative Financial Designs Inc. ADV grew its stake 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 in the last quarter. Blue Trust Inc. raised its holdings in shares of Okta by 105.5% in the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $28,000 after purchasing an additional 191 shares during the last quarter. Finally, CHICAGO TRUST Co NA lifted its position in shares of Okta by 6.5% during the fourth quarter. CHICAGO TRUST Co NA now owns 3,120 shares of the company’s stock valued at $246,000 after purchasing an additional 191 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Okta Trading Up 1.9 %

Shares of Okta stock opened at $87.29 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.34 and a quick ratio of 1.34. Okta, Inc. has a 1 year low of $70.56 and a 1 year high of $114.50. The firm has a market cap of $14.96 billion, a PE ratio of -249.40, a PEG ratio of 8.52 and a beta of 1.00. The company has a 50 day simple moving average of $81.05 and a two-hundred day simple moving average of $82.32.

Insider Transactions at Okta

In related news, CEO Todd Mckinnon sold 233,028 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $82.31, for a total value of $19,180,534.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Larissa Schwartz sold 2,791 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $71.50, for a total transaction of $199,556.50. Following the transaction, the insider now owns 22,125 shares in the company, valued at $1,581,937.50. The trade was a 11.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 369,949 shares of company stock valued at $30,201,213. Insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on OKTA shares. Needham & Company LLC boosted their target price on Okta from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Barclays upped their price objective on Okta from $81.00 to $96.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 4th. BMO Capital Markets boosted their price target on shares of Okta from $103.00 to $105.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Stifel Nicolaus raised their price objective on shares of Okta from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, Citigroup boosted their target price on shares of Okta from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday. One 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $104.61.

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.