Okta Inc (OKTA) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in Okta Inc (NASDAQ:OKTA) by 145.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,528 shares of the company’s stock after buying an additional 49,477 shares during the period. Bank of New York Mellon Corp’s holdings in Okta were worth $2,357,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. purchased a new position in shares of Okta in the 2nd quarter worth approximately $21,855,000. Capital World Investors purchased a new position in shares of Okta in the 2nd quarter worth approximately $11,400,000. Crawford Lake Capital Management LLC purchased a new position in shares of Okta in the 2nd quarter worth approximately $1,230,000. Bamco Inc. NY purchased a new position in shares of Okta in the 2nd quarter worth approximately $914,000. Finally, Capital Research Global Investors purchased a new position in shares of Okta in the 2nd quarter worth approximately $9,947,000. Hedge funds and other institutional investors own 13.41% of the company’s stock.

In related news, General Counsel Jonathan T. Runyan sold 9,375 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $25.22, for a total value of $236,437.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ventures Iv L.P. Khosla sold 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $25.49, for a total value of $7,647,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,466,629 shares of company stock worth $40,949,083.

Okta Inc (OKTA) opened at $26.54 on Monday. Okta Inc has a 12 month low of $21.52 and a 12 month high of $33.64.

A number of equities analysts have recently weighed in on the company. BidaskClub downgraded Okta from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st. Oppenheimer assumed coverage on Okta in a research note on Tuesday, October 10th. They issued an “outperform” rating and a $32.00 target price on the stock. Zacks Investment Research upgraded Okta from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Wednesday, September 20th. KeyCorp restated a “buy” rating and issued a $35.00 target price on shares of Okta in a research note on Friday, November 10th. Finally, SunTrust Banks assumed coverage on Okta in a research note on Friday, October 27th. They issued a “buy” rating and a $36.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Okta has an average rating of “Hold” and a consensus price target of $33.00.

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Okta Profile

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.

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Institutional Ownership by Quarter for Okta (NASDAQ:OKTA)

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