Jim Cramer Recommends Selling These 5 Stocks

In this article, we present the list of the 5 stocks that Jim Cramer recommends to sell. If you want to read our comprehensive analysis of  Jim Cramer’s history, investment philosophy, and hedge fund performance, go directly to Jim Cramer Recommends Selling These 10 Stocks.

5. Okta, Inc. (NASDAQ:OKTA)

Number of Hedge Fund Holders: 52

Okta, Inc. (NASDAQ:OKTA) is another software stock Jim Cramer is bearish on. The identity and access management company posted a net loss of $29 million in the fiscal fourth quarter, compared to a $48 million net income in the same quarter last year. In January, Cramer had said that investors won’t be willing to buy Okta, Inc. (NASDAQ:OKTA) on the back of the promising growth as currently, the market is moving away from growth stocks towards “tangible companies that make real things and generate real profits.”

Mad Money stock screener shows that Cramer has a Sell rating on Okta, Inc. (NASDAQ:OKTA) as of March 3.

The market rotation towards value stocks is clearly reflected in hedge fund movements. As of the end of the fourth quarter, 52 funds had stakes in Okta, Inc. (NASDAQ:OKTA), significantly down from 62 funds a quarter earlier.