Royal London Asset Management Ltd. Buys 1,440 Shares of Okta, Inc. (NASDAQ:OKTA)

Royal London Asset Management Ltd. lifted its stake in shares of Okta, Inc. (NASDAQ:OKTAFree Report) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,293 shares of the company’s stock after purchasing an additional 1,440 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Okta were worth $5,368,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Northern Trust Corp increased its position in shares of Okta by 3.0% during the third quarter. Northern Trust Corp now owns 944,726 shares of the company’s stock valued at $77,005,000 after buying an additional 27,577 shares during the period. RPG Investment Advisory LLC lifted its stake in Okta by 57.2% in the 4th quarter. RPG Investment Advisory LLC now owns 77,269 shares of the company’s stock worth $6,995,000 after purchasing an additional 28,119 shares in the last quarter. Pearl River Capital LLC boosted its holdings in Okta by 643.6% in the 3rd quarter. Pearl River Capital LLC now owns 41,982 shares of the company’s stock valued at $3,422,000 after purchasing an additional 36,336 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Okta by 2,721.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 176,071 shares of the company’s stock valued at $15,940,000 after purchasing an additional 169,830 shares during the period. Finally, Aigen Investment Management LP bought a new position in shares of Okta in the third quarter worth $923,000. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Shibu Ninan sold 4,279 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $104.14, for a total value of $445,615.06. Following the completion of the transaction, the chief accounting officer now owns 4,111 shares of the company’s stock, valued at approximately $428,119.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Shibu Ninan sold 4,279 shares of Okta stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $104.14, for a total transaction of $445,615.06. Following the completion of the transaction, the chief accounting officer now directly owns 4,111 shares of the company’s stock, valued at approximately $428,119.54. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Shellye L. Archambeau sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $106.96, for a total transaction of $534,800.00. Following the completion of the sale, the director now owns 6,042 shares in the company, valued at approximately $646,252.32. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on OKTA shares. Piper Sandler boosted their target price on Okta from $85.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Westpark Capital raised shares of Okta from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research note on Thursday, February 29th. The Goldman Sachs Group boosted their price target on shares of Okta from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. raised their price objective on shares of Okta from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Finally, Oppenheimer upped their target price on shares of Okta from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Nineteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $104.48.

Read Our Latest Analysis on Okta

Okta Trading Down 0.3 %

NASDAQ:OKTA opened at $87.42 on Friday. The firm’s fifty day simple moving average is $96.27 and its 200 day simple moving average is $90.94. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.19. Okta, Inc. has a twelve month low of $65.04 and a twelve month high of $114.50.

Okta Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Okta (NASDAQ:OKTA)

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