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Okta reports strong earnings despite CEO share sales, facing mixed analyst recommendations.
Okta, a leading identity management company, has seen increased institutional investments and insiders selling shares.
Despite CEO Todd McKinnon selling $15 million worth of shares, the company reported strong earnings, beating expectations with $0.21 earnings per share and $646 million in revenue.
Analyst opinions vary, with some recommending a "buy" and others a "neutral" rating, setting a consensus target price of $97.63.
Okta's market cap is $13.17 billion.
5 months ago
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