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Why Okta's Shares Tumbled 14% Last Month

TheMotleyFool 
0 0 08.03.26
Why Okta's Shares Tumbled 14% Last MonthPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/012f8213-0bd1-4831-98f2-6d5fae956d6a.png
 

Shares of (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.

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Source Fool.com

Okta Inc. Stock

€132.08
2.980%
Okta Inc. gained 2.980% today.
The stock is one of the favorites of our community with 85 Buy predictions and 3 Sell predictions.
However, we have a potential of -9.15% for Okta Inc. as the target price of 120 € is below the current price of 132.08 €.
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