Synergy Financial Group LTD Has $552,000 Stock Holdings in Okta, Inc. (NASDAQ:OKTA)

Synergy Financial Group LTD grew its position in shares of Okta, Inc. (NASDAQ:OKTA) by 9.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,999 shares of the company’s stock after acquiring an additional 616 shares during the quarter. Synergy Financial Group LTD’s holdings in Okta were worth $552,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of OKTA. Itau Unibanco Holding S.A. bought a new stake in shares of Okta in the 3rd quarter worth approximately $25,000. Bank of Jackson Hole Trust bought a new position in Okta in the 4th quarter worth about $25,000. Blue Trust Inc. raised its stake in Okta by 105.5% in the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $28,000 after purchasing an additional 191 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of Okta during the 3rd quarter worth $32,000. Finally, Modus Advisors LLC purchased a new position in shares of Okta in the 4th quarter worth about $44,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

Insider Transactions at Okta

In other news, insider Larissa Schwartz sold 2,740 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $97.59, for a total value of $267,396.60. Following the completion of the sale, the insider now directly owns 22,125 shares in the company, valued at $2,159,178.75. This represents a 11.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jacques Frederic Kerrest sold 131,426 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $80.68, for a total transaction of $10,603,449.68. Following the completion of the transaction, the director now directly owns 1,622 shares in the company, valued at $130,862.96. This trade represents a 98.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 980,908 shares of company stock worth $85,025,665 over the last quarter. 7.00% of the stock is currently owned by insiders.

Okta Trading Down 2.0 %

Shares of NASDAQ:OKTA opened at $90.88 on Tuesday. The stock has a market cap of $15.57 billion, a price-to-earnings ratio of -259.66, a PEG ratio of 6.42 and a beta of 1.03. The business has a 50-day moving average price of $88.77 and a 200-day moving average price of $82.53. Okta, Inc. has a 52-week low of $70.56 and a 52-week high of $114.50. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.06.

Analyst Ratings Changes

Several research firms have recently commented on OKTA. Piper Sandler lifted their price objective on Okta from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Sanford C. Bernstein lowered their price target on Okta from $129.00 to $124.00 and set an “outperform” rating for the company in a research report on Tuesday, December 17th. KeyCorp lifted their price objective on Okta from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Robert W. Baird raised their target price on Okta from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group upped their price objective on Okta from $97.00 to $107.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Okta presently has a consensus rating of “Hold” and a consensus target price of $106.13.

Okta Company Profile

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.