Okta stock price slides 9% as Anthropic’s Claude Code Security spooks cyber names
Okta shares dropped 9.2% to $74.29 Friday, hitting a 52-week low amid a sharp selloff in cybersecurity stocks after Anthropic launched an AI tool for code security. The broader market rose, with the Nasdaq up 0.9% and S&P 500 up 0.7%. Okta reports quarterly results March 4. Investors cited concern over AI products encroaching on traditional security roles.