We recently published a list of 8 Stocks on Jim Cramer’s Radar Recently. In this article, we are going to take a look at where Okta, Inc. (NASDAQ:OKTA) stands against other stocks on Jim Cramer’s radar recently.

On Tuesday’s episode of Mad Money, Jim Cramer discussed how stock ownership is viewed in the United States.

“Alright, look, lately, we can’t go a day without hearing some widespread misperceptions about stock ownership. I gotta tell you, I think it’s infuriating. Here we are celebrating the 20th anniversary of Mad Money, dedicated to the proposition that you can potentially make lots of money by picking individual stocks, yet I keep hearing that most Americans don’t care about the stock market, and this direction means nothing.”

READ ALSO: Jim Cramer Listed 20 Best Performing Stocks of the Last 20 Years and Jim Cramer Recently Discussed These 9 Stocks.

Cramer pushed back against the notion that only the wealthy care about or benefit from the stock market. He argued that the perception is not only wrong but dismissive of the millions of everyday people with financial stakes in the market. Moving on to stock ownership, he mentioned that, “It’s the whole reason anyone watches the darn show, and it generally matters, not just to the rich, but to tens of millions of regular people, home gamers, and never let any politician tell you otherwise.” He added:

“More than 60% of Americans have some exposure to the market, either directly or indirectly. 70 million people have active 401Ks. Millions more have retired with them. 60 million people have IRAs. Only 156 million people voted in November. I mean, we’re talking half the electorate here.”

Cramer insisted that shareholders form a significant constituency in this country and deserve to be recognized as such. He mentioned that “It’s not just arrogant, rich people who own stocks.” He also criticized wealthy individuals who publicly warn others about the risks of stock investing while still taking advantage of its tax benefits themselves. He added:

“Now look, stocks are ridiculously tax advantaged, more than just rich people want that. In a world where probably no more than 10% of this country can retire on their paycheck savings, stocks represent a different kind of social security, a one-sided pack where people try to save and the government dismisses them.”

Our Methodology

For this article, we compiled a list of 8 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on April 29. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey’s database of over 1,000 hedge funds.

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Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).Jim Cramer on Okta (OKTA): “Cybersecurity Winner — This One’s a Twofer with CrowdStrike!”

Okta, Inc. (NASDAQ:OKTA)

Number of Hedge Fund Holders: 72

When a caller inquired about Okta, Inc. (NASDAQ:OKTA), Cramer said:

“I think Okta is terrific. It’s one of the greatest companies. I tell you, anybody who works there has a great time, and they have done remarkable things. And Todd McKinnon is terrific, and so is cybersecurity…. This one is a winner. I’m going to give you a twofer… CrowdStrike and Palo Alto Networks, they’re all terrific.”

Okta (NASDAQ:OKTA) provides a range of identity and access management tools that help organizations securely manage user identities and control access to applications, devices, and data. The company’s products focus on authentication, user lifecycle management, governance, and protection against security threats. On April 23, Roth Capital started coverage of OKTA with a Buy rating and a $119 price target.

The analyst noted that the company is a leader in Identity and Access Management, Identity Governance and Administration, and Privileged Access Management. Although Okta (NASDAQ:OKTA) faced several challenges, including problems in sales execution and security breaches, the analyst believes these setbacks are fading and expects Okta’s momentum to strengthen.

Overall, OKTA ranks 2nd on our list of stocks on Jim Cramer’s radar recently. While we acknowledge the potential of OKTA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than OKTA but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.

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