Oklo Inc. (NYSE:OKLO – Get Free Report) insider Alexandra Renner sold 1,930 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $38.40, for a total transaction of $74,112.00. Following the completion of the sale, the insider directly owned 475,022 shares of the company’s stock, valued at approximately $18,240,844.80. This trade represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Alexandra Renner also recently made the following trade(s):
- On Monday, August 24th, Alexandra Renner sold 557 shares of Oklo stock. The stock was sold at an average price of $39.77, for a total value of $22,151.89.
Oklo Stock Performance
OKLO opened at $39.89 on Friday. Oklo Inc. has a one year low of $36.61 and a one year high of $193.84. The stock has a market capitalization of $7.42 billion, a P/E ratio of -42.44 and a beta of 1.18. The business’s 50-day simple moving average is $44.33 and its 200-day simple moving average is $55.60.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Gilpin Wealth Management LLC purchased a new position in Oklo in the 4th quarter valued at $29,000. Wilmington Savings Fund Society FSB purchased a new position in Oklo during the 3rd quarter worth $45,000. Triumph Capital Management purchased a new position in Oklo during the 3rd quarter worth $49,000. SHP Wealth Management acquired a new stake in shares of Oklo in the 4th quarter worth $32,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Oklo in the 4th quarter worth $35,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on OKLO shares. Canaccord Genuity Group decreased their price objective on Oklo from $125.00 to $100.00 and set a “buy” rating for the company in a report on Monday, August 10th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $122.00 price target on shares of Oklo in a research report on Wednesday, May 13th. Bank of America started coverage on shares of Oklo in a research note on Friday, May 22nd. They set a “buy” rating and a $80.00 price target for the company. Barclays lowered their price objective on shares of Oklo from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Oklo in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Oklo has an average rating of “Moderate Buy” and a consensus target price of $85.03.
Read Our Latest Stock Analysis on Oklo
Key Headlines Impacting Oklo
Here are the key news stories impacting Oklo this week:
- Positive Sentiment: An analysis of small modular reactor stocks favors Oklo over NuScale Power, citing Oklo’s potentially larger future revenue opportunity as electricity demand from data centers and artificial intelligence increases. The thesis supports Oklo’s long-term growth prospects, although much of the opportunity remains dependent on future project execution and regulatory progress. Better Small Modular Reactor Stock to Buy After the Sell-Off: Oklo vs. NuScale Power
- Positive Sentiment: Commentary that Oklo’s AI-power opportunity is becoming more tangible reinforces the broader bullish narrative that advanced nuclear reactors could benefit from rapidly rising data-center electricity demand. Oklo: The AI Power Trade Is Getting More Tangible
- Neutral Sentiment: Holtec Nuclear’s planned IPO could draw fresh capital and attention to the nuclear and SMR industries, potentially improving sector sentiment. However, Holtec’s existing revenue base would give investors a more established competitor against which to compare Oklo. Holtec Nuclear IPO: A New Bet on the Nuclear Power Sector
- Negative Sentiment: Several executives disclosed sales made September 1: CEO Jacob DeWitte sold 120,000 shares worth about $4.63 million, CFO Richard Bealmear sold 16,430 shares worth approximately $637,000 under a pre-arranged Rule 10b5-1 plan, and executive Alexandra Renner sold 1,930 shares worth roughly $74,000 to cover tax withholding. The CEO’s sizable reduction is the most notable bearish signal, although the planned and tax-related transactions lessen their significance. Oklo insider sale filings
- Negative Sentiment: OKLO has been identified as one of the utilities sector’s most heavily shorted stocks, indicating strong bearish positioning and the potential for continued volatility. OKLO short interest in the utilities sector
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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