Campbell & CO Investment Adviser LLC Decreases Stock Position in Okta, Inc. (NASDAQ:OKTA) (2024)

Campbell & CO Investment Adviser LLC lowered its holdings in Okta, Inc. (NASDAQ:OKTA - Free Report) by 73.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,043 shares of the company's stock after selling 16,675 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in Okta were worth $547,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Blue Zone Wealth Advisors LLC boosted its position in shares of Okta by 2.7% during the 4th quarter. Blue Zone Wealth Advisors LLC now owns 5,142 shares of the company's stock worth $466,000 after purchasing an additional 134 shares during the period. Creative Financial Designs Inc. ADV grew its stake in shares of Okta by 7.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,926 shares of the company's stock valued at $174,000 after buying an additional 138 shares in the last quarter. Choreo LLC raised its holdings in shares of Okta by 5.0% in the 3rd quarter. Choreo LLC now owns 3,366 shares of the company's stock valued at $274,000 after buying an additional 160 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in Okta by 1.3% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 15,136 shares of the company's stock worth $1,370,000 after acquiring an additional 189 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in Okta by 19.2% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,207 shares of the company's stock valued at $98,000 after acquiring an additional 194 shares during the period. Institutional investors and hedge funds own 86.64% of the company's stock.

Okta Stock Performance

Shares of NASDAQ:OKTA opened at $87.42 on Friday. 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 fifty day moving average price of $96.27 and a 200 day moving average price of $90.94.

Wall Street Analyst Weigh In

OKTA has been the topic of a number of recent research reports. Susquehanna cut their price target on shares of Okta from $115.00 to $110.00 and set a "neutral" rating on the stock in a research note on Thursday, May 30th. Truist Financial reiterated a "hold" rating and issued a $105.00 target price (up from $85.00) on shares of Okta in a report on Thursday, February 29th. Sanford C. Bernstein upped their price target on Okta from $84.00 to $114.00 and gave the stock a "market perform" rating in a report on Thursday, February 29th. UBS Group decreased their price objective on Okta from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of Okta from $105.00 to $110.00 and gave the stock a "neutral" rating in a research note on Thursday, May 30th. Nineteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $104.48.

Read Our Latest Analysis on Okta

Insider Transactions at Okta

In related news, Director Shellye L. Archambeau sold 5,000 shares of the business's stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $106.96, for a total value of $534,800.00. Following the transaction, the director now owns 6,042 shares in the company, valued at approximately $646,252.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Shellye L. Archambeau sold 5,000 shares of the stock in a transaction on 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 directly owns 6,042 shares of the company's stock, valued at $646,252.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Shibu Ninan sold 4,279 shares of the business's stock in a transaction on 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 in the company, valued at $428,119.54. The disclosure for this sale can be found here. Insiders own 7.00% of the company's stock.

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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