This article first appeared on GuruFocus .
ETF flows turned sharply negative for Okta ( OKTA ) in Tuesday's session, snapping a stretch of small, mixed moves over the prior four trading days. ETFs sold a net $360.6 million of the stock, with 31 funds buying and 11 selling. More ETFs traded the other way, but their purchases were far smaller in dollar terms than the sales. The day's outflow followed net buying of $2.2 million on Nov. 2 and a net $6.3 million on Oct. 29, against modest outflows of $1.1 million on Oct. 30 and $6.6 million on Oct. 28.
See which funds are buying and selling on GuruFocus ETF Trends , or find and compare funds with the ETF Screener .
Every ETF and guru trade in OKTA is tracked on the OKTA guru trades page .
Which ETFs sold OKTA on Tuesday?
The largest sellers by dollar value were IJH ($1.13 billion), IJK ($189.7 million) and SPMD ($171.9 million). In all, 31 ETFs added shares and 11 cut them.
| ETF |
Shares changed |
Value |
Weight in ETF |
|---|---|---|---|
| -5,971,716 |
-$1.13B |
Sold out |
|
| -999,907 |
-$189.7M |
Sold out |
|
| -906,316 |
-$171.9M |
Sold out |
|
| -270,162 |
-$51.2M |
Sold out |
|
| -447 |
-$0.1M |
0.20% |
|
| -164 |
$0.0M |
0.27% |
|
| -118 |
$0.0M |
0.14% |
|
| -90 |
$0.0M |
0.15% |
The move was driven by large index funds. IJH accounted for a $1.13 billion value change on a share change of -5,971,716, while IJK recorded -$189.7 million and SPMD -$171.9 million; each ended with zero shares held. MDYG showed a $51.2 million value change. Smaller adjustments came from MTUM (-$0.1 million), EUSA , ESGU and GARP . Okta sits in the Technology sector, Software - Infrastructure industry, with a market cap of $33.4 billion.
Have ETFs been buying or selling OKTA lately?
Over the last 5 reported days, ETFs were net buyers on 2 and net sellers on 3, so the recent trend is mostly selling.
| Date |
Net value |
Buying |
Selling |
|---|---|---|---|
| Nov. 3 |
-$360.6M |
31 |
11 |
| Nov. 2 |
$2.2M |
22 |
9 |
| Oct. 30 |
-$1.1M |
24 |
14 |
| Oct. 29 |
$6.3M |
22 |
12 |
| Oct. 28 |
-$6.6M |
21 |
8 |
What does OKTA do?
Okta Inc. is a cloud-based identity and access management company headquartered in San Francisco. It provides authentication, authorization, and user management services that let organizations verify and secure access for employees, contractors, partners, and customers.
Okta reported trailing-12-month revenue of $3.07 billion, up 11.4% over one year, with a gross margin of 78.1% and a net margin of 9.6%. Its P/E is 115.44, P/B 4.79 and P/S 11.12, against a $33.4 billion market cap. The GF Score is 64, and GF Value of $108.75 compares with a price of $191.05. The stock is up 120.94% year to date.
OKTA at a glance
| Measure |
Value |
|---|---|
| Price |
$191.05 |
| Market cap |
$33.40B |
| Revenue (trailing 12 months) |
$3.07B |
| Revenue growth (1 year) |
+11.4% |
| Gross margin |
78.1% |
| Net margin |
9.6% |
| P/E |
115.44 |
| P/B |
4.79 |
| P/S |
11.12 |
| 64/100 |
|
| GF Value |
$108.75 |
| Year-to-date return |
+120.94% |
Compare OKTA's share price with its GF Value , see recent insider trades , or check which gurus own OKTA .
What should investors watch next for OKTA?
Watch whether the single-day outflow extends into a streak, given the prior four sessions were small and mixed.
Based on ETF holdings changes reported for Nov. 3, 2026.
