Jim Cramer Is Bearish on These 5 Stocks

3. Okta, Inc. (NASDAQ:OKTA)

Number of Hedge Fund Holders: 52    

Okta, Inc. (NASDAQ:OKTA) owns and runs an identity management platform. Hedge funds have been shedding the stock in recent months. At the end of the fourth quarter of 2021, 52 hedge funds in the database of Insider Monkey held stakes worth $2.1 billion in Okta, Inc. (NASDAQ:OKTA), compared to 62 in the preceding quarter worth $2.2 billion. 

Cramer was bearish on Okta, Inc. (NASDAQ:OKTA) stock during his show on March 3, noting that investors had bet big on the company to deliver solid capital returns after a market selloff around growth stocks but had been disappointed as the fall had been too steep to make up quickly.