<div id="readability-page-1"><p>Okta, Inc. (NASDAQ:OKTA - Get Free Report) CEO Todd Mckinnon sold 179,687 shares of the firm's stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $93.42, for a total value of $16,786,359.54. Following the transaction, the chief executive officer now directly owns 47,883 shares in the company, valued at $4,473,229.86. The sale was disclosed in a document filed with the SEC, which is available at this link.</p><ul><li>The 2 Best Cybersecurity Stocks to Watch</li></ul><p>Todd Mckinnon also recently made the following trade(s): </p><ul><li>On Monday, July 22nd, Todd Mckinnon sold 92,729 shares of Okta stock. The shares were sold at an average price of $94.92, for a total value of $8,801,836.68. </li></ul><h2>Okta Stock Up 1.1 %</h2><p>NASDAQ:OKTA traded up $1.03 on Tuesday, reaching $96.05. 1,121,132 shares of the stock traded hands, compared to its average volume of 1,850,646. The company has a market capitalization of $16.16 billion, a price-to-earnings ratio of -57.71 and a beta of 1.03. 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 12 month low of $65.04 and a 12 month high of $114.50. The company's fifty day simple moving average is $93.36 and its 200 day simple moving average is $93.83. </p><ul><li>Okta, Inc. Stock Falls To Critical Level: What Happens Next?</li></ul><p>Okta (NASDAQ:OKTA - Get Free Report) last released its quarterly earnings data on Wednesday, May 29th. The company reported ($0.13) earnings per share for the quarter, beating analysts' consensus estimates of ($0.40) by $0.27. The business had revenue of $617.00 million during the quarter, compared to analyst estimates of $604.33 million. Okta had a negative net margin of 11.69% and a negative return on equity of 3.81%. Equities analysts predict that Okta, Inc. will post -0.28 EPS for the current fiscal year. </p><h2>Institutional Trading of Okta</h2><p>A number of large investors have recently made changes to their positions in OKTA. Cerity Partners LLC grew its stake in shares of Okta by 6,192.3% in the fourth quarter. Cerity Partners LLC now owns 3,172,223 shares of the company's stock worth $287,181,000 after acquiring an additional 3,121,809 shares during the period. Sands Capital Management LLC grew its stake in shares of Okta by 42.3% in the fourth quarter. Sands Capital Management LLC now owns 8,358,414 shares of the company's stock worth $756,687,000 after acquiring an additional 2,486,456 shares during the period. Norges Bank bought a new stake in shares of Okta in the fourth quarter worth approximately $150,794,000. First Trust Advisors LP grew its stake in shares of Okta by 28.1% in the fourth quarter. First Trust Advisors LP now owns 4,085,430 shares of the company's stock worth $369,854,000 after acquiring an additional 897,216 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in shares of Okta by 1,465.8% in the fourth quarter. Point72 Asset Management L.P. now owns 682,900 shares of the company's stock worth $61,823,000 after acquiring an additional 732,900 shares during the period. 86.64% of the stock is currently owned by institutional investors. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>Okta Raises EPS Forecasts Despite High Profile Security Breaches</li></ul><p>OKTA has been the topic of a number of research reports. Evercore ISI raised Okta from an &#34;in-line&#34; rating to an &#34;outperform&#34; rating and raised their price objective for the company from $102.00 to $122.00 in a report on Thursday, May 30th. Guggenheim restated a &#34;buy&#34; rating and set a $130.00 price target on shares of Okta in a research report on Tuesday, June 25th. UBS Group lowered their price objective on Okta from $130.00 to $120.00 and set a &#34;buy&#34; rating for the company in a research report on Thursday, May 30th. Royal Bank of Canada reissued an &#34;outperform&#34; rating and set a $125.00 price target on shares of Okta in a research report on Monday, June 17th. Finally, Needham &amp; Company LLC reissued a &#34;buy&#34; rating and set a $130.00 price target on shares of Okta in a research report on Thursday, May 30th. Nineteen 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, Okta presently has an average rating of &#34;Hold&#34; and an average price target of $105.58.</p><p><b>Read Our Latest Report on Okta</b></p><h2>Okta Company Profile</h2> (Get Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Okta</li><li>Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?</li><li>ScottsMiracle-Gro Stock Blooms After Investor Day Optimism </li><li>Insider Buying Explained: What Investors Need to Know</li><li>Leading Beverage Company's Stock Bubbles Higher: Rally Ahead</li><li>Why Invest in 5G? How to Invest in 5G Stocks  </li><li>Can This Meme Stock Stage One Last Rally?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9T0tUQQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9T0tUQQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ Jeff Bezos Just Humiliated Elon Musk <span><span>(From InvestorPlace)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD04ODIx?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD04ODIx"/></p><h2>Should you invest $1,000 in Okta right now?</h2><p>Before you consider Okta, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Okta wasn't on the list.</p><p>While Okta currently has a &#34;Hold&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p> </div>

OKTA

<p>Okta, Inc. CEO Todd Mckinnon sold 179,687 shares of the company's stock for a total value of $16,786,359.54. The transaction was disclosed in a filing with the Securities & Exchange Commission.</p>

Todd Mckinnon Sells 179,687 Shares of Okta, Inc. (NASDAQ:OKTA) Stock