Vanguard Group Inc. Acquires 438,496 Shares of Okta, Inc. (NASDAQ:OKTA) (2024)

Vanguard Group Inc. boosted its holdings in Okta, Inc. (NASDAQ:OKTA – Free Report) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,719,619 shares of the company’s stock after acquiring an additional 438,496 shares during the period. Vanguard Group Inc. owned 9.39% of Okta worth $1,423,097,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in OKTA. Northern Trust Corp grew its holdings in Okta by 3.0% in the 3rd 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 in the last quarter. RPG Investment Advisory LLC grew its holdings in Okta by 57.2% in the 4th quarter. RPG Investment Advisory LLC now owns 77,269 shares of the company’s stock valued at $6,995,000 after buying an additional 28,119 shares in the last quarter. Assenagon Asset Management S.A. grew 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 buying an additional 169,830 shares in the last quarter. My Personal CFO LLC grew its holdings in Okta by 14.0% in the 4th quarter. My Personal CFO LLC now owns 120,077 shares of the company’s stock valued at $10,871,000 after buying an additional 14,753 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in Okta by 30.1% in the 4th quarter. Vontobel Holding Ltd. now owns 262,321 shares of the company’s stock valued at $23,748,000 after buying an additional 60,739 shares in the last quarter. Institutional investors own 86.64% of the company’s stock.

Okta Trading Down 2.5 %

NASDAQ OKTA opened at $87.54 on Thursday. The stock has a 50-day moving average of $94.26 and a 200-day moving average of $92.05. 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 1-year low of $65.04 and a 1-year high of $114.50. The firm has a market cap of $14.73 billion, a PE ratio of -52.42 and a beta of 1.03.

Analyst Ratings Changes

OKTA has been the topic of a number of research reports. Robert W. Baird upped their price objective on Okta from $90.00 to $108.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Mizuho increased their target price on Okta from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 target price on shares of Okta in a research report on Thursday, May 30th. Truist Financial restated a “hold” rating and set a $105.00 price objective (up from $85.00) on shares of Okta in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. raised their target price on Okta from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Nineteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $104.48.

View Our Latest Research Report on OKTA

Insider Transactions at Okta

In other news, Director Jacques Frederic Kerrest sold 18,878 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $87.19, for a total transaction of $1,645,972.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.00% of the company’s stock.

About Okta

(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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