Toronto Dominion Bank Has $2.97 Million Stock Holdings in Okta, Inc. (NASDAQ:OKTA)

Toronto Dominion Bank grew its position in Okta, Inc. (NASDAQ:OKTAGet Rating) by 8.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 32,861 shares of the company’s stock after acquiring an additional 2,423 shares during the period. Toronto Dominion Bank’s holdings in Okta were worth $2,970,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. CI Investments Inc. grew its stake in shares of Okta by 944.4% in the 1st quarter. CI Investments Inc. now owns 188 shares of the company’s stock valued at $28,000 after buying an additional 170 shares during the period. First Horizon Advisors Inc. grew its position in shares of Okta by 602.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 358 shares of the company’s stock valued at $32,000 after purchasing an additional 307 shares in the last quarter. Total Clarity Wealth Management Inc. purchased a new position in Okta in the second quarter worth $59,000. Lindbrook Capital LLC lifted its stake in Okta by 63.4% in the second quarter. Lindbrook Capital LLC now owns 696 shares of the company’s stock worth $63,000 after purchasing an additional 270 shares during the last quarter. Finally, Credit Agricole S A raised its stake in shares of Okta by 3,485.2% during the second quarter. Credit Agricole S A now owns 968 shares of the company’s stock valued at $88,000 after acquiring an additional 941 shares during the last quarter. 75.47% of the stock is owned by institutional investors.

Okta Stock Up 5.8 %

Shares of OKTA opened at $50.74 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.38 and a quick ratio of 2.38. The business’s 50 day moving average price is $53.37 and its 200-day moving average price is $77.51. Okta, Inc. has a 52 week low of $44.12 and a 52 week high of $244.18.

Okta (NASDAQ:OKTAGet Rating) last announced its quarterly earnings data on Wednesday, August 31st. The company reported ($1.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.41) by $0.22. Okta had a negative net margin of 57.21% and a negative return on equity of 13.18%. The company had revenue of $435.38 million during the quarter, compared to analyst estimates of $430.66 million. During the same period in the previous year, the business earned ($1.35) EPS. The firm’s revenue for the quarter was up 43.6% on a year-over-year basis. On average, equities analysts predict that Okta, Inc. will post -5.12 earnings per share for the current year.

Insider Buying and Selling

In other Okta news, CEO Todd Mckinnon sold 3,921 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $59.39, for a total transaction of $232,868.19. Following the completion of the sale, the chief executive officer now directly owns 15,012 shares in the company, valued at approximately $891,562.68. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Okta news, insider Ledger Susan St. sold 30,760 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $59.39, for a total transaction of $1,826,836.40. Following the completion of the sale, the insider now directly owns 39,106 shares in the company, valued at approximately $2,322,505.34. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Todd Mckinnon sold 3,921 shares of Okta stock in a transaction on Friday, September 16th. The shares were sold at an average price of $59.39, for a total transaction of $232,868.19. Following the completion of the sale, the chief executive officer now owns 15,012 shares in the company, valued at $891,562.68. The disclosure for this sale can be found here. Insiders sold a total of 59,797 shares of company stock worth $3,359,843 in the last three months. Insiders own 7.60% of the company’s stock.

Analyst Ratings Changes

OKTA has been the topic of a number of recent analyst reports. Canaccord Genuity Group cut their price target on shares of Okta from $85.00 to $70.00 and set a “hold” rating on the stock in a report on Monday, November 14th. Stifel Nicolaus dropped their price objective on shares of Okta from $115.00 to $85.00 and set a “hold” rating on the stock in a report on Thursday, September 1st. Robert W. Baird reiterated an “outperform” rating and issued a $92.00 target price on shares of Okta in a research report on Wednesday, October 19th. Wells Fargo & Company set a $76.00 price objective on shares of Okta in a research note on Wednesday. Finally, DA Davidson cut their price objective on shares of Okta to $45.00 in a report on Tuesday, November 15th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $87.21.

Okta Company Profile

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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 and services, 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 applications in the cloud or on-premise from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, Web applications, and data; Lifecycle Management that enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Access Gateway that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications; and Advanced Server Access to secure cloud infrastructure.

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Institutional Ownership by Quarter for Okta (NASDAQ:OKTA)

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