Okta, Inc. (NASDAQ:OKTA) Shares Purchased by Maplelane Capital LLC

Maplelane Capital LLC raised its position in Okta, Inc. ( NASDAQ:OKTA – Free Report ) by 31.9% during the 2nd quarter, according to its most recent disclosure with the SEC.

The fund owned 343,000 shares of the company’s stock after purchasing an additional 83,016 shares during the period. Okta comprises approximately 1.1% of Maplelane Capital LLC’s portfolio, making the stock its 24th biggest holding.



Maplelane Capital LLC owned 0.20% of Okta worth $32,108,000 at the end of the most recent quarter. Other hedge funds have also made changes to their positions in the company.

Maverick Capital Ltd. boosted its position in Okta by 235.4% during the second quarter.

Maverick Capital Ltd. now owns 16,459 shares of the company’s stock worth $1,541,000 after acquiring an additional 11,552 shares during the last quarter. MBB Public Markets I LLC purchased a new position in shares of Okta during the 2nd quarter worth about $1,061,000.

Eminence Capital LP boosted its position in shares of Okta by 18.1% in the second quarter. Eminence Capital LP now owns 1,989,375 shares of the company’s stock worth $186,225,000 after acquiring an additional 305,381 shares during the last quarter.

APG Asset Management N.V. grew its holdings in Okta by 3.

4% in the second quarter. APG Asset Management N.V.

now owns 158,771 shares of the company’s stock valued at $13,868,000 after purchasing an additional 5,209 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Okta by 62.5% during the second quarter.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 30,660 shares of the company’s stock worth $2,870,000 after purchasing an additional 11,791 shares during the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Analyst Ratings Changes A number of equities analysts have weighed in on OKTA shares. UBS Group decreased their price target on shares of Okta from $120.00 to $108.

00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Guggenheim reiterated a “buy” rating and issued a $130.00 target price on shares of Okta in a report on Tuesday, June 25th.

BMO Capital Markets boosted their price target on Okta from $100.00 to $103.00 and gave the company a “market perform” rating in a research report on Thursday, August 29th.

Westpark Capital restated a “buy” rating and issued a $140.00 price objective on shares of Okta in a report on Thursday, August 29th. Finally, Scotiabank decreased their target price on Okta from $104.

00 to $92.00 and set a “sector perform” rating for the company in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company’s stock.

According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $104.62. Okta Stock Performance OKTA stock opened at $74.

29 on Friday. The firm has a market cap of $12.50 billion, a P/E ratio of -44.

49, a P/E/G ratio of 42.19 and a beta of 1.01.

The stock’s 50 day simple moving average is $85.61 and its 200 day simple moving average is $92.76.

The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.

18. Okta, Inc. has a 12-month low of $65.

04 and a 12-month high of $114.50. Okta ( NASDAQ:OKTA – Get Free Report ) last issued its earnings results on Wednesday, August 28th.

The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.

29. Okta had a negative net margin of 5.55% and a negative return on equity of 1.

10%. The company had revenue of $646.00 million for the quarter, compared to analysts’ expectations of $632.

24 million. As a group, equities research analysts predict that Okta, Inc. will post 0.

08 EPS for the current year. Insiders Place Their Bets In other news, insider Larissa Schwartz sold 2,790 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $74.

01, for a total transaction of $206,487.90. Following the completion of the transaction, the insider now directly owns 27,713 shares of the company’s stock, valued at $2,051,039.

13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . In related news, CEO Todd Mckinnon sold 32,516 shares of the stock in a transaction dated Monday, September 23rd.

The shares were sold at an average price of $76.22, for a total value of $2,478,369.52.

The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website . Also, insider Larissa Schwartz sold 2,790 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $74.

01, for a total transaction of $206,487.90. Following the transaction, the insider now directly owns 27,713 shares of the company’s stock, valued at $2,051,039.

13. The disclosure for this sale can be found here . Insiders have sold 578,339 shares of company stock valued at $50,196,405 over the last quarter.

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. See Also 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 .

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