Jim Cramer Warned About Market Manipulation & Discussed These 22 Stocks

8. Okta, Inc. (NASDAQ:OKTA)

Number of Hedge Fund Holdings in Q1 2026: 49

Okta, Inc. (NASDAQ:OKTA) is a software company that provides identity management, cybersecurity, and other products and services. The firm created quite a bit of hype last week as it reported its fiscal first quarter earnings report to post $765 million in revenue and $0.91 in adjusted earnings per share. The results saw Okta, Inc. (NASDAQ:OKTA) beat analyst estimates of $752 million and $0.85. Barclays had discussed the firm on May 14th as it raised the share price target to $93 from $90 and kept an Overweight rating on the stock. The financial firm outlined that Okta, Inc. (NASDAQ:OKTA) could raise its guidance during the earnings. On the 26th, Arete raised the rating to Buy from Sell and set a $127 share price target. The firm remarked that Okta, Inc. (NASDAQ:OKTA) could benefit from the growth in agentic AI. Similarly, Cramer, who has long been positive on cybersecurity stocks due to the growth in AI use and threats to US infrastructure, also briefly remarked that Okta, Inc. (NASDAQ:OKTA) was benefiting from the rise in agentic AI uses:

“Well you gotta protect the agents now.”