62,969 Shares of Okta, Inc. $OKTA Bought by Mirae Asset Global Investments Co. Ltd.

Posted by Geri Gentry on Nov 4th, 2026

Mirae Asset Global Investments Co. Ltd. bought a new stake in Okta, Inc. (NASDAQ:OKTA – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 62,969 shares of the company’s stock, valued at approximately $13,167,000.

A number of other hedge funds have also made changes to their positions in OKTA. Generali Investments Management Co LLC increased its stake in Okta by 621.2% in the 3rd quarter. Generali Investments Management Co LLC now owns 21,671 shares of the company’s stock valued at $4,532,000 after buying an additional 18,666 shares during the period. Diversify Wealth Management LLC acquired a new stake in shares of Okta during the 1st quarter valued at $2,077,000. Western Financial Corp CA acquired a new stake in shares of Okta during the 3rd quarter valued at $1,673,000. Swiss National Bank grew its holdings in shares of Okta by 7.7% during the 1st quarter. Swiss National Bank now owns 497,300 shares of the company’s stock valued at $39,142,000 after acquiring an additional 35,700 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Okta by 15.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 215,922 shares of the company’s stock valued at $45,151,000 after acquiring an additional 29,287 shares in the last quarter. 86.64% of the stock is owned by hedge funds and other institutional investors.

Okta Stock Performance

Shares of NASDAQ OKTA opened at $189.68 on Wednesday. The firm has a market cap of $33.16 billion, a price-to-earnings ratio of 114.27, a P/E/G ratio of 5.75 and a beta of 0.74. The business’s 50-day simple moving average is $194.95 and its 200-day simple moving average is $125.61. Okta, Inc. has a 52 week low of $62.66 and a 52 week high of $235.00.

Okta (NASDAQ:OKTA – Get Free Report) last posted its earnings results on Wednesday, August 26th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.09. The firm had revenue of $805.00 million during the quarter, compared to analyst estimates of $793.00 million. Okta had a return on equity of 4.50% and a net margin of 9.63%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 EPS. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. As a group, equities research analysts forecast that Okta, Inc. will post 1.92 earnings per share for the current year.

Insider Activity

In related news, CFO Brett Tighe sold 41,251 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $162.44, for a total transaction of $6,700,812.44. Following the completion of the sale, the chief financial officer directly owned 7,693 shares of the company’s stock, valued at approximately $1,249,650.92. This represents a 84.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd McKinnon sold 48,822 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $193.48, for a total transaction of $9,446,080.56. Following the completion of the transaction, the chief executive officer owned 44,029 shares in the company, valued at $8,518,730.92. The trade was a 52.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 137,766 shares of company stock valued at $23,927,112 over the last 90 days. 4.61% of the stock is currently owned by company insiders.

Okta News Roundup

Here are the key news stories impacting Okta this week:

Positive Sentiment: S&P 500 inclusion could bring buying demand. Okta is set to replace Kenvue in the index on Nov. 4, prompting index funds and other passive investors to adjust holdings. The prospect of that demand has helped lift sentiment, although some of the buying may already be reflected in the share price. Article: Dear Okta Stock Fans, Mark Your Calendars for November 4
Positive Sentiment: Broker coverage is presented as supportive. A Zacks article says broker recommendations suggest investing in OKTA, which may bolster sentiment, though analyst ratings are not a guarantee of future performance. Article: Brokers Suggest Investing in Okta
Neutral Sentiment: Citi maintained a Hold rating and $215 price target. The analyst said the impact of the DHS incident appears contained, a reassuring assessment tempered by the unchanged Hold recommendation. Article: Okta Maintains $215 Price Target
Neutral Sentiment: Third-quarter results are scheduled for Dec. 1. The date gives investors a coming checkpoint on Okta’s performance, but the announcement itself does not provide new financial results or guidance. Article: Okta to Announce Third Quarter Fiscal Year 2027 Financial Results
Negative Sentiment: Recent trading has been volatile. Okta fell sharply in the prior session before the reported rebound; the cited coverage does not identify a specific company development behind that decline. Article: Okta Registers a Bigger Fall Than the Market

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Bank of America upped their price target on shares of Okta from $170.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, September 24th. Citigroup lifted their price objective on Okta from $205.00 to $215.00 and gave the company a “neutral” rating in a research report on Thursday, October 15th. Scotiabank restated an “outperform” rating on shares of Okta in a research note on Monday, September 28th. Raymond James Financial boosted their target price on Okta from $115.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Finally, Stifel Nicolaus upped their target price on Okta from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $202.38.

Get Our Latest Stock Analysis on OKTA

About Okta

(Free Report)

Okta, Inc provides cloud-based identity and access management solutions for organizations worldwide. Its platform helps businesses securely connect employees, contractors, customers and partners with the applications, systems and services they need to use.

The company’s offerings include single sign-on, multifactor authentication, identity governance, lifecycle management, directory services and privileged access management. Okta also provides customer identity solutions through Auth0, its developer-focused identity platform, which supports authentication and authorization for applications and digital experiences.

Okta serves enterprises, government agencies, small and medium-sized businesses, developers and other organizations across North America, Europe, Asia-Pacific and additional international markets.