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COMP:OKT, Mar 26, 11:17 UTC

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Sunday, March 24


News

Insider Selling: Okta Inc (OKTA) COO Sells $26,960,730.93 in Stock

OKT

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.

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  • Financial

Saturday, March 23


News

Charles Race Sells 2,887 Shares of Okta Inc (OKTA) Stock

OKT

Okta Inc (NASDAQ:OKTA) insider Charles Race sold 2,887 shares of the business’s stock in a transaction on Wednesday, March 20th. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Canaccord Genuity reissued a “buy” rating and set a $85.00 target price (up from $75.00) on shares of Okta in a research report on Friday, March 8th. American Century Companies Inc. now owns 46,375 shares of the company’s stock valued at $2,959,000 after acquiring an additional 10,051 shares in the last quarter.

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  • Financial
News

Charles Race Sells 2,887 Shares of Okta Inc (OKTA) Stock

OKT

Okta Inc (NASDAQ:OKTA) insider Charles Race sold 2,887 shares of the business’s stock in a transaction on Wednesday, March 20th. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Canaccord Genuity reissued a “buy” rating and set a $85.00 target price (up from $75.00) on shares of Okta in a research report on Friday, March 8th. American Century Companies Inc. now owns 46,375 shares of the company’s stock valued at $2,959,000 after acquiring an additional 10,051 shares in the last quarter.

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  • Financial

Thursday, March 21


News

Charles Race Sells 2,887 Shares of Okta Inc (OKTA) Stock

OKT

OKTA stock traded up $3.70 on Thursday, reaching $85.47. 1,677,299 shares of the company were exchanged, compared to its average volume of 2,039,029. The business had revenue of $115.47 million for the quarter, compared to analyst estimates of $107.94 million. As a group, equities analysts anticipate that Okta Inc will post -1.38 EPS for the current fiscal year. First Mercantile Trust Co. now owns 11,300 shares of the company’s stock valued at $721,000 after buying an additional 200 shares during the period.

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News

Jacques Frederic Kerrest Sells 4,374 Shares of Okta Inc (OKTA) Stock

OKT

Okta Inc (NASDAQ:OKTA) COO Jacques Frederic Kerrest sold 4,374 shares of Okta stock in a transaction that occurred on Monday, March 18th. Following the completion of the sale, the chief operating officer now directly owns 12,350 shares of the company’s stock, valued at $1,016,528.50. The company had revenue of $115.47 million during the quarter, compared to analysts’ expectations of $107.94 million. As a group, sell-side analysts predict that Okta Inc will post -1.38 earnings per share for the current fiscal year. Goldman Sachs Group raised shares of Okta from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $80.00 to $94.00 in a research note on Monday.

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Wednesday, March 20


News

Okta Inc (OKTA) COO Jacques Frederic Kerrest Sells 4,374 Shares of Stock – Highlight Press

OKT

Okta Inc (NASDAQ:OKTA) COO Jacques Frederic Kerrest sold 4,374 shares of the stock in a transaction on Monday, March 18th. Following the completion of the transaction, the chief operating officer now directly owns 12,350 shares in the company, valued at approximately $1,016,528.50. Shares of Okta stock opened at $81.19 on Wednesday. FMR LLC now owns 9,265,547 shares of the company’s stock worth $591,143,000 after purchasing an additional 1,996,090 shares during the period.

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  • Financial

Tuesday, March 19


News

Okta Closes Acquisition of Azuqua

OKT

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, today announced that it has closed the acquisition of Azuqua, a leader in no-code, cloud-based business application integration and workflow automation. Together, Okta and Azuqua will provide organizations with a neutral, independent control center for automating the business processes and the flow of identities between applications and services for everyone in an organization — from employees to partners, and customers. “We’re thrilled to bring on the Azuqua team to further our mission of enabling any organization to use any technology,” said Frederic Kerrest, Chief Operating Officer and co-founder of Okta. These forward-looking statements are based upon the current expectations and beliefs of Okta’s management as of the date of this release, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements including, without limitation, the risk of adverse and unpredictable macro-economic conditions and risks related to integration of the companies.

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Friday, March 08


News

Costco, Big Lots rise; Marvell Technology, Okta slip

OKT COST

The maker of La Croix drinks badly missed earnings forecasts and issued a puzzling statement blaming the results on "injustice." The company issued a forecast for earnings in the current quarter that was far below what analysts were looking for. The company, which operates Breckenridge, Whistler and other ski resorts, reported strong profits and raised its forecast. The gun maker, whose brands include Smith & Wesson, forecast earnings that weren't nearly as strong as analysts were expecting.

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News

5 Top Stock Trades for Monday: OKTA, TSLA, BIG, NVDA

OKT

A dismal jobs number on Friday morning only added pain to the S&P 500, which has somewhat quietly fallen for five straight sessions. Investors are now wondering if the index is set to bounce or whether more downside is in store. As that plays out, we need to keep our top stock trades in focus. For a breakdown of the S&P 500, check out yesterday’s segment. Okta (NASDAQ:OKTA) initially fell by 8% after reporting earnings. However, it didn’t take long for investors to rally the stock back up over $75. Bulls have to like that the stock has stood up to the $270 test and is now moving higher. However, below $290 is discouraging and downtrend resistance is very clear. If this name can clear $315, the bulls will be firmly back in charge.

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News

Okta Eyes Expanding Opportunity as Strong Quarterly Growth Continues

OKT

The cloud-based identity specialist delivered another round of impressive growth and announced an acquisition. These two factors are driving the growth of Okta (NASDAQ:OKTA), a cloud-based provider of enterprise identity and security solutions, which has ramped up its sales since its 2017 IPO. Coming into the company's fourth-quarter report, investors were hoping to see continued growth on the top line and progress toward profits on the bottom line. Okta also announced the addition of Brink's, the world's largest cash-management company, to the Okta identity cloud, and said it expanded deployments with Tyson Foods, Philips 66, and Mexican food chain Qdoba, among other companies.

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