Why Okta's Shares Tumbled 14% Last Month
Source: Motley Fool
2026-03-08 10:35:00 ET
Shares of Okta (NASDAQ: OKTA) , an identity and access management (IAM) cybersecurity company, fell 14.2% in February, according to data provided by S&P Global Market Intelligence , after artificial intelligence company Anthropic debuted a new security tool that scans computer code for vulnerabilities.
Investors have been jittery about how artificial intelligence companies might disrupt established tech leaders, and that fear spread to many cybersecurity stocks last month, including Okta.
Image source: Getty Images.
Okta Inc.
NASDAQ: OKTA
OKTA Trading
-1.41% G/L:
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$15,668,923,839
175,457,919
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337
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Software & IT Services
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