Okta, Inc. $OKTA Shares Sold by Pictet Asset Management Holding SA

Posted by Francis Steltz on Nov 8th, 2026

Pictet Asset Management Holding SA trimmed its stake in Okta, Inc. (NASDAQ:OKTA – Free Report) by 21.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,718,967 shares of the company’s stock after selling 467,586 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Okta were worth $359,297,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its position in Okta by 3.4% in the 3rd quarter. Parallel Advisors LLC now owns 6,973 shares of the company’s stock valued at $1,458,000 after purchasing an additional 227 shares during the last quarter. CenterBook Partners LP acquired a new position in Okta during the 3rd quarter valued at about $6,378,000. Heritage Family Offices LLP acquired a new position in Okta during the 3rd quarter valued at about $198,000. Calamos Wealth Management LLC bought a new position in Okta in the 3rd quarter worth about $243,000. Finally, Calamos Advisors LLC bought a new position in Okta in the 3rd quarter worth about $3,990,000. 86.64% of the stock is currently owned by institutional investors.

Okta Stock Down 1.4%

OKTA stock opened at $168.69 on Friday. The company has a 50-day simple moving average of $196.81 and a 200 day simple moving average of $126.92. The company has a market capitalization of $29.49 billion, a P/E ratio of 101.62, a PEG ratio of 5.25 and a beta of 0.74. Okta, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $235.00.

Okta (NASDAQ:OKTA – Get Free Report) last released its earnings results on Wednesday, August 26th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.96 by $0.09. The firm had revenue of $805.00 million for the quarter, compared to analysts’ expectations of $793.00 million. Okta had a net margin of 9.63% and a return on equity of 4.50%. Okta’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last 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. Equities analysts anticipate that Okta, Inc. will post 1.92 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on OKTA shares. Barclays raised their price target on shares of Okta from $180.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, September 24th. Stephens boosted their price objective on Okta from $190.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, September 25th. Stifel Nicolaus boosted their price objective on Okta from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. Bank of America increased their price objective on Okta from $170.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, September 24th. Finally, Capital One Financial upgraded Okta from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $126.00 to $171.00 in a research report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $202.38.

View Our Latest Stock Report on Okta

Okta News Roundup

Here are the key news stories impacting Okta this week:

Positive Sentiment: ETFs bought about $99.5 million of Okta shares on Wednesday, with 36 funds buying versus 15 selling. In a related report, the Invesco S&P 500 Equal Weight Technology ETF initiated an $89.1 million position in Okta, making it its only addition while trimming 74 other holdings. The buying may offer support, though both reports refer to Wednesday’s activity. ETF buying article Invesco RSPT article
Negative Sentiment: Okta shares declined alongside other software names as Wall Street retreated from AI-associated stocks, a rotation that hit recent software winners. This broad sector-driven selling was a key near-term headwind. Software sell-off article
Negative Sentiment: A Seeking Alpha contributor downgraded Okta to Sell, arguing that its valuation bubble may be deflating. The bearish valuation view could weigh on sentiment, particularly amid the wider pullback in software stocks. Seeking Alpha downgrade

Insider Activity at Okta

In other news, insider Eric Kelleher sold 6,395 shares of the firm’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $183.58, for a total transaction of $1,173,994.10. Following the completion of the transaction, the insider owned 18,668 shares in the company, valued at approximately $3,427,071.44. This trade represents a 25.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd McKinnon sold 48,822 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 44,029 shares of the company’s stock, valued at approximately $8,518,730.92. This represents 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 sold 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 corporate insiders.

About Okta

(Free Report)

Okta, Inc provides cloud-based identity and access management services. Its platform helps organizations manage how employees, customers, partners and other users sign in to applications and access digital resources.

Okta’s products include single sign-on, multifactor authentication, identity governance and user lifecycle management. Through Auth0, which Okta acquired in 2021, the company also offers tools that developers can use to add identity and authentication features to customer-facing applications.

Founded in 2009 by Todd McKinnon and Frederic Kerrest, Okta serves organizations around the world across a range of industries.