News stories about Okta (NASDAQ:OKTA) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Okta earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.8738707132936 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have effected Accern’s rankings:

A number of research analysts have weighed in on the company. Zacks Investment Research raised Okta from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Thursday, September 14th. KeyCorp reaffirmed a “buy” rating and set a $35.00 target price on shares of Okta in a report on Friday, November 10th. Oppenheimer reaffirmed a “buy” rating and set a $34.00 target price on shares of Okta in a report on Thursday. BidaskClub lowered Okta from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, SunTrust Banks assumed coverage on Okta in a report on Friday, October 27th. They set a “buy” rating and a $36.00 target price for the company. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $33.00.

Shares of Okta (OKTA) opened at $27.16 on Friday. Okta has a 12-month low of $21.52 and a 12-month high of $33.64.

Okta (NASDAQ:OKTA) last released its earnings results on Thursday, September 7th. The company reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.03). The company had revenue of $61.00 million during the quarter, compared to the consensus estimate of $55.90 million. The firm’s quarterly revenue was up 63.1% on a year-over-year basis. sell-side analysts predict that Okta will post -0.96 EPS for the current fiscal year.

In related news, General Counsel Jonathan T. Runyan sold 300,000 shares of the company’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $27.03, for a total value of $8,109,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Todd Mckinnon sold 57,236 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $28.77, for a total value of $1,646,679.72. The disclosure for this sale can be found here. Insiders sold a total of 1,366,929 shares of company stock valued at $38,816,391 in the last 90 days.

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About Okta

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.

Insider Buying and Selling by Quarter for Okta (NASDAQ:OKTA)

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