From MarketBeat:

Okta (NASDAQ:OKTA – Get Free Report) provided an update on its fourth quarter earnings guidance, estimating an EPS of $0.50-0.51 and a revenue of $585-587 million. Equities analysts expect the company to post -2.46 EPS for the current year. Okta stock traded at $85.25 and has a consensus rating of Hold with an average target price of $87.81.

Insiders at Okta have sold a total of 22,077 shares of company stock valued at $1,795,179. Institutional investors and hedge funds own about 77.52% of the stock.

Okta, Inc provides identity solutions for enterprises with identity access management solutions including Universal Directory, Single Sign-On, Adaptive Multi-Factor Authentication, and Lifecycle Management. The company has been reviewed by MarketBeat’s editorial team.

Forbes has identified the five top-rated stocks that analysts are currently recommending to buy, however Okta was not on that list. Also, MarketBeat is providing a free report listing thirteen stocks that institutional investors are rapidly buying.



Read more: Okta (NASDAQ:OKTA) Releases Q4 Earnings Guidance