Okta (OKTA) Stock Plunges 11% Following Insider Transaction and AI Disruption Fears

Okta's stock declined 10.9% to a 52-week low of $67.69, driven by insider selling activity and market concerns about AI disruption following Anthropic's Claude Mythos AI launch. Despite beating quarterly earnings estimates, the stock faced selling pressure from both insider transactions and broader fears about how advanced AI could impact identity and access management solutions.