Oklo Inc. (NYSE:OKLO – Get Free Report) General Counsel Vivek Narayanadas sold 1,021 shares of the company’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $26.50, for a total transaction of $27,056.50. Following the sale, the general counsel owned 10,669 shares of the company’s stock, valued at $282,728.50. This represents a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vivek Narayanadas also recently made the following trade(s):
- On Monday, October 19th, Vivek Narayanadas sold 2,359 shares of Oklo stock. The stock was sold at an average price of $27.63, for a total transaction of $65,179.17.
- On Friday, October 9th, Vivek Narayanadas sold 364 shares of Oklo stock. The shares were sold at an average price of $34.69, for a total transaction of $12,627.16.
- On Tuesday, October 6th, Vivek Narayanadas sold 288 shares of Oklo stock. The shares were sold at an average price of $37.29, for a total transaction of $10,739.52.
- On Monday, October 5th, Vivek Narayanadas sold 649 shares of Oklo stock. The shares were sold at an average price of $35.93, for a total transaction of $23,318.57.
- On Wednesday, September 9th, Vivek Narayanadas sold 365 shares of Oklo stock. The stock was sold at an average price of $43.31, for a total transaction of $15,808.15.
- On Tuesday, September 8th, Vivek Narayanadas sold 238 shares of Oklo stock. The stock was sold at an average price of $42.06, for a total value of $10,010.28.
- On Friday, September 4th, Vivek Narayanadas sold 538 shares of Oklo stock. The shares were sold at an average price of $39.88, for a total value of $21,455.44.
- On Tuesday, August 25th, Vivek Narayanadas sold 223 shares of Oklo stock. The shares were sold at an average price of $40.80, for a total value of $9,098.40.
- On Monday, August 24th, Vivek Narayanadas sold 3,264 shares of Oklo stock. The stock was sold at an average price of $39.77, for a total value of $129,809.28.
Oklo Stock Down 3.0%
Shares of OKLO traded down $0.84 during mid-day trading on Thursday, hitting $26.89. 7,711,173 shares of the company’s stock traded hands, compared to its average volume of 11,116,092. Oklo Inc. has a 1 year low of $26.31 and a 1 year high of $152.06. The firm has a market capitalization of $5.00 billion, a P/E ratio of -28.61 and a beta of 1.20. The business’s 50-day moving average price is $37.86 and its 200-day moving average price is $49.97.
Oklo (NYSE:OKLO – Get Free Report) last announced its earnings results on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.12). The company had revenue of $1.21 million during the quarter, compared to the consensus estimate of $0.09 million. The firm’s quarterly revenue was up 11900.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.18) EPS. Sell-side analysts anticipate that Oklo Inc. will post -1.00 earnings per share for the current fiscal year.
Key Headlines Impacting Oklo
Here are the key news stories impacting Oklo this week:
- Positive Sentiment: ARK Investment Management purchased approximately $3.42 million of Oklo and X-Energy shares across several exchange-traded funds. The buying may provide a sentiment boost and signals continued institutional interest despite the stock’s steep decline. ARK Invest purchases Oklo shares
- Positive Sentiment: Oklo is advancing its Groves 2 Forge isotope-production project through the U.S. Department of Energy’s Nuclear Energy Launch Pad initiative. The facility could expand Oklo’s opportunity into medical isotopes and radiopharmaceutical supply, although meaningful revenue is likely years away. Oklo Groves 2 Forge DOE role
- Positive Sentiment: Oklo’s customer pipeline reportedly spans multiple gigawatts, while progress on regulatory milestones for its Aurora and Groves projects improves the possibility of future commercialization. However, the projects still require additional licensing, execution and financing milestones. Oklo advanced nuclear opportunity
- Neutral Sentiment: General Counsel Vivek Narayanadas sold 2,359 shares for about $65,179 under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards. The planned nature of the transaction makes it a limited discretionary signal. SEC Form 4 filing
- Negative Sentiment: Truist cut its price target to $31 from $51 and maintained a Hold rating ahead of third-quarter results. The reduction followed target cuts from Piper Sandler, Barclays and Citi, reinforcing concerns about valuation, execution risk and the time required to develop Oklo’s projects. Truist lowers Oklo price target
- Negative Sentiment: Investors are also watching for another quarterly loss: Oklo previously missed EPS expectations, and analysts expect the company to remain unprofitable. Upcoming earnings could heighten volatility if management provides weak project, licensing or financing updates.
Institutional Investors Weigh In On Oklo
Several hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp purchased a new position in shares of Oklo during the second quarter valued at approximately $24,532,000. Bank of America Corp DE grew its stake in shares of Oklo by 55.3% in the 1st quarter. Bank of America Corp DE now owns 620,281 shares of the company’s stock worth $30,760,000 after buying an additional 220,976 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Oklo by 427.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 171,128 shares of the company’s stock worth $12,280,000 after buying an additional 138,659 shares during the last quarter. Hsbc Holdings PLC increased its position in Oklo by 1,184.4% during the 4th quarter. Hsbc Holdings PLC now owns 112,372 shares of the company’s stock valued at $8,063,000 after buying an additional 103,623 shares in the last quarter. Finally, Amundi increased its position in Oklo by 59.0% during the 1st quarter. Amundi now owns 164,824 shares of the company’s stock valued at $8,174,000 after buying an additional 61,161 shares in the last quarter. Institutional investors own 85.03% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on OKLO. Weiss Ratings reiterated a “sell (d-)” rating on shares of Oklo in a research report on Friday, August 7th. HC Wainwright restated a “buy” rating and issued a $90.00 price objective on shares of Oklo in a report on Monday, August 10th. UBS Group cut their price objective on Oklo from $55.00 to $41.00 and set a “neutral” rating on the stock in a research report on Friday, September 25th. Canaccord Genuity Group reduced their target price on Oklo from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Finally, Guggenheim assumed coverage on Oklo in a research report on Thursday, June 25th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.47.
View Our Latest Stock Analysis on Oklo
About Oklo
Oklo Inc is an advanced nuclear technology company developing compact fission power plants designed to provide reliable, carbon-free electricity. Its flagship product, the Aurora powerhouse, is a small modular reactor intended to operate with a high degree of fuel efficiency and to supply power directly to customers such as utilities, industrial facilities, data centers and other energy-intensive operations.
The company is also developing fuel-recycling capabilities intended to convert used nuclear fuel and other material into fuel for advanced reactors.
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