5 Best Work-From-Home (WFH) Stocks to Buy Now

4. Okta, Inc. (NASDAQ: OKTA)

Number of Hedge Fund Holders: 61    

Okta, Inc. (NASDAQ: OKTA) is a San Francisco-based access management company. It is placed fourth on our list of 10 best work-from-home (WFH) stocks to buy now and was founded in 2009. The software firm marketed by the company helps businesses manage and secure user authentication into applications, website web services and electronic devices. Okta stock has returned more than 32% to investors over the past year. The products the firm sells include Okta Identity Cloud, Universal Directory, and Single Sign-on. 

On April 22, investment advisory Raymond James initiated coverage on Okta, Inc. (NASDAQ: OKTA) stock with an Outperform rating and a price target of $300. Okra shares jumped close to 4% after the ratings update. 

At the end of the fourth quarter of 2020, 61 hedge funds in the database of Insider Monkey held stakes worth $2.3 billion in the firm, up from 51 in the preceding quarter worth $1.8 billion.