Jim Cramer Recently Offered Insights on These 11 Stocks

6. Okta, Inc. (NASDAQ:OKTA)

Number of Hedge Fund Holders: 57

Okta, Inc. (NASDAQ:OKTA) is one of the stocks Jim Cramer recently offered insights on. Cramer called the stock “Cramer family favorite,” as he commented:

“While we’re out here in San Francisco, it’s worth digging into why this market’s gotten so hostile to enterprise software, even the parts of the sector that previously seemed like ironclad… cyber security. Take Cramer family favorite, Okta, the leader in identity verification. These guys have excellent numbers and a very strong business. The last couple of quarters showed good strength, yet the stock’s actually down more than 30% from its highs in May. In fact, it’s even below where it bottomed after Liberation Day in April. No matter what Okta does right, it doesn’t seem like the market cares.”

Okta, Inc. (NASDAQ:OKTA) provides identity management and security solutions through products that enable secure access, authentication, and governance across cloud and on-premises systems. When a caller asked about the stock during the September 19 episode, Cramer responded:

“I like Okta because I like identity management. But you know what? Palo Alto’s got great identity management now that they’re buying CyberArk, so I got to send you over to PANW.”