Oklo Inc. (NYSE:OKLO – Get Free Report) insider Alexandra Renner sold 557 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $39.77, for a total value of $22,151.89. Following the transaction, the insider directly owned 472,779 shares of the company’s stock, valued at approximately $18,802,420.83. The trade was a 0.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Oklo Stock Performance
Shares of NYSE:OKLO traded up $4.54 during midday trading on Tuesday, reaching $44.23. 13,848,404 shares of the company’s stock traded hands, compared to its average volume of 11,377,922. The company has a fifty day simple moving average of $46.98 and a two-hundred day simple moving average of $57.11. Oklo Inc. has a 1 year low of $36.61 and a 1 year high of $193.84. The company has a market cap of $8.23 billion, a P/E ratio of -47.05 and a beta of 1.17.
Oklo (NYSE:OKLO – Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The company had revenue of $1.21 million for the quarter, compared to the consensus estimate of $0.09 million. The business’s quarterly revenue was up 11900.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.18) earnings per share. As a group, research analysts forecast that Oklo Inc. will post -0.9 EPS for the current fiscal year.
Institutional Trading of Oklo
Key Stories Impacting Oklo
Here are the key news stories impacting Oklo this week:
- Positive Sentiment: Escalating U.S.-Canada trade tensions helped accelerate buying across uranium miners and advanced nuclear developers, benefiting Oklo as part of the broader nuclear-energy trade. Oklo Stock Surges Tuesday on Escalating US-Canada Trade Tensions
- Positive Sentiment: Nuclear stocks rebounded in an oversold move while the broader market was relatively subdued, providing a technical and sentiment-related lift to OKLO. Nuclear Stocks Rebound on an Oversold Bounce
- Positive Sentiment: Investor interest remains focused on Oklo’s potential to supply reliable power to data centers and AI companies. A speculative thesis suggests SpaceX could eventually become a major customer, though no such contract was announced. Prediction: SpaceX’s Power Needs Will Turn It Into Oklo’s Biggest Customer
- Positive Sentiment: Recent coverage highlighted Oklo’s first revenue, reactor-development progress and plans to extract energy from used U.S. nuclear fuel, reinforcing the company’s long-term growth narrative. Oklo’s CEO Says Used Nuclear Fuel in the U.S. Is Worth More Than Saudi Arabia’s Oil Reserves
- Neutral Sentiment: Analysts and commentators remain divided: some see substantial upside from reactor milestones and nuclear demand, while others warn that the sector could leave weaker small modular reactor companies behind. Oklo: The Nuclear Renaissance Could Leave A Trail Of Busted SMR Companies
- Negative Sentiment: Valuation and execution concerns continue to weigh on the story. Recent analyst target reductions, substantial insider selling and Oklo’s quarterly earnings miss underscore risks while the company remains unprofitable and commercial power revenue is expected years away. Oklo Slides as Investors Digest Recent Analyst Cuts and Insider Sale Filing
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Oklo in a research report on Friday, August 7th. Canaccord Genuity Group lowered their price objective on Oklo from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Cantor Fitzgerald reiterated an “overweight” rating and set a $122.00 price objective on shares of Oklo in a research note on Wednesday, May 13th. Bank of America began coverage on Oklo in a report on Friday, May 22nd. They set a “buy” rating and a $80.00 target price for the company. Finally, Barclays decreased their target price on Oklo from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.03.
Check Out Our Latest Report on Oklo
About Oklo
Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.
The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.
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