Okta Is Set To Join The S&P 500 On November 4, Replacing Kenvue
Okta moves up from the S&P MidCap 400 as Kenvue exits, with Kimberly-Clark acquiring it.
Okta, the identity-security software company, will join the S&P 500 before the open on Wednesday, November 4, S&P Dow Jones Indices said Friday. It takes the seat of Kenvue, which fellow index member Kimberly-Clark is acquiring.
A promotion from the MidCap 400
Okta comes up from the S&P MidCap 400. Funds that track the S&P 500 will need to own the stock by the effective date.
Kimberly-Clark's purchase of Kenvue is expected to be completed soon, pending final closing conditions, according to the announcement. Kenvue is removed from the index on the same day Okta is added.
Okta had a market value of $35.9 billion, and its shares closed at $208.24 in Friday's session, before the announcement was published.
What Okta sells
Okta makes cloud-based software that manages and secures who can log in to applications and technology. It runs the Okta Platform, which companies use to manage access for employees, contractors and partners, and the Auth0 Platform, which developers use to build login security into their own apps.
As of January 31, 2026, it had more than 20,000 customers, 5,100 of them with annual contract value above $100,000.
The ripple through smaller indexes
Okta's move sets off a chain of swaps, all effective the same day:
- Glaukos replaces Okta in the S&P MidCap 400.
- McGrath RentCorp replaces Glaukos in the S&P SmallCap 600.
- Loar Holdings replaces LiveRamp Holdings in the S&P SmallCap 600, as Publicis Groupe acquires LiveRamp in a deal expected to close soon, pending final closing conditions.
All of the changes take effect prior to the opening of trading on Wednesday, November 4.
Sources
- Okta Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600 — S&P Dow Jones Indices
