CrowdStrike (CRWD) Stock Falls 8% on Anthropic's AI Security Tool Launch

CrowdStrike (CRWD) shares fell 7.9% to close at $388.87 on Feb. 20, 2026, following Anthropic’s launch of Claude Code Security. The new AI tool autonomously scans codebases and suggests patches, sparking investor concerns that AI agents will replace high-margin legacy security software and erode pricing power. The stock is now down 14.3% year-to-date and trading 30.3% below its November 2025 high of $557.53.