Okta Inc (OKTA) General Counsel Jonathan T. Runyan Sells 9,375 Shares of Stock
Okta Inc (NASDAQ:OKTA) General Counsel Jonathan T. Runyan sold 9,375 shares of Okta stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $25.22, for a total transaction of $236,437.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Okta Inc (NASDAQ OKTA) traded down $0.16 during midday trading on Friday, reaching $25.52. 917,268 shares of the company’s stock were exchanged, compared to its average volume of 1,260,093. Okta Inc has a 52-week low of $21.52 and a 52-week high of $33.64.
Hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System lifted its holdings in shares of Okta by 11.2% during the 3rd quarter. California State Teachers Retirement System now owns 21,900 shares of the company’s stock worth $618,000 after acquiring an additional 2,200 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Okta by 32.3% during the 3rd quarter. Wells Fargo & Company MN now owns 14,013 shares of the company’s stock worth $395,000 after acquiring an additional 3,421 shares during the period. Quantbot Technologies LP bought a new stake in shares of Okta during the 2nd quarter worth approximately $101,000. SG Americas Securities LLC bought a new stake in shares of Okta during the 3rd quarter worth approximately $128,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Okta by 30.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 23,900 shares of the company’s stock worth $675,000 after acquiring an additional 5,600 shares during the period. 14.30% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have issued reports on the stock. Zacks Investment Research raised shares of Okta from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Thursday, September 14th. KeyCorp reissued a “buy” rating and issued a $35.00 price objective on shares of Okta in a report on Friday, November 10th. Oppenheimer reissued a “buy” rating and issued a $34.00 price objective on shares of Okta in a report on Thursday, December 7th. BidaskClub downgraded shares of Okta from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, SunTrust Banks assumed coverage on shares of Okta in a report on Friday, October 27th. They issued a “buy” rating and a $36.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $33.00.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & international copyright & trademark legislation. The original version of this piece of content can be viewed at https://theolympiareport.com/2017/12/23/okta-inc-okta-general-counsel-jonathan-t-runyan-sells-9375-shares-of-stock.html.
Okta, Inc is a United States-based independent provider of identity for the enterprise. The Company’s Okta Identity Cloud connects and protects employees. It also connects enterprises to their partners, suppliers and customers. The Company offers products, such as Okta information technology (IT) Products and Okta for Developers.
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.