Insider Selling: Okta Inc (OKTA) COO Sells $26,960,730.93 in Stock
The stock has a market capitalization of $9.59 billion, a price-to-earnings ratio of -78.69 and a beta of 1.20. The firm had revenue of $115.47 million for the quarter, compared to analysts’ expectations of $107.94 million. As a group, equities research analysts expect that Okta Inc will post -1.38 EPS for the current fiscal year. Canaccord Genuity reiterated a “buy” rating and issued a $85.00 target price (up previously from $75.00) on shares of Okta in a research report on Friday, March 8th. Bank of New York Mellon Corp now owns 312,096 shares of the company’s stock valued at $15,720,000 after acquiring an additional 100,767 shares during the period.