Shares of Oklo Inc. (NYSE:OKLO – Get Free Report) fell 5.3% during mid-day trading on Tuesday . The company traded as low as $57.33 and last traded at $57.51. 8,710,245 shares changed hands during trading, a decline of 28% from the average session volume of 12,136,883 shares. The stock had previously closed at $60.74.
Key Headlines Impacting Oklo
Here are the key news stories impacting Oklo this week:
- Positive Sentiment: Oklo and Standard Nuclear announced a strategic alliance to explore nuclear fuel recycling and advanced fuel manufacturing, which could strengthen Oklo’s supply chain and support future reactor deployment. Article Title
- Positive Sentiment: Recent coverage highlighted the U.S. Department of Energy’s approval of a key safety milestone for Oklo’s Aurora powerhouse, reducing a regulatory hurdle and boosting confidence in the company’s path forward. Article Title
- Positive Sentiment: Some analysts and market commentators continue to argue that Oklo still has meaningful upside from current levels, pointing to improving execution visibility and long-term AI-driven power demand. Article Title
- Neutral Sentiment: Broader commentary continues to frame Oklo as a high-risk, pre-revenue AI-energy and small modular reactor story, with investor enthusiasm still tied more to future potential than current fundamentals. Article Title
- Negative Sentiment: Several articles emphasize that Oklo remains pre-revenue and highly speculative, which keeps execution risk and valuation concerns front and center for investors. Article Title
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on OKLO. Needham & Company LLC dropped their target price on shares of Oklo from $135.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Barclays dropped their target price on shares of Oklo from $146.00 to $82.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. B. Riley Financial dropped their target price on shares of Oklo from $129.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. The Goldman Sachs Group dropped their target price on shares of Oklo from $91.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 18th. Finally, Wedbush reiterated an “outperform” rating and set a $110.00 price target on shares of Oklo in a research note on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Oklo has a consensus rating of “Moderate Buy” and an average price target of $82.78.
Oklo Price Performance
The stock’s 50 day simple moving average is $63.93 and its two-hundred day simple moving average is $71.80. The stock has a market cap of $10.01 billion, a price-to-earnings ratio of -68.46 and a beta of 1.10.
Oklo (NYSE:OKLO – Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. During the same quarter last year, the company posted ($0.07) EPS. As a group, analysts predict that Oklo Inc. will post -0.78 earnings per share for the current year.
Insiders Place Their Bets
In other news, CFO Richard Craig Bealmear sold 73,081 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $68.42, for a total value of $5,000,202.02. Following the sale, the chief financial officer owned 397,642 shares in the company, valued at approximately $27,206,665.64. The trade was a 15.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jacob Dewitte sold 140,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $68.29, for a total transaction of $9,560,600.00. Following the completion of the sale, the chief executive officer owned 538,039 shares in the company, valued at $36,742,683.31. This represents a 20.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 699,971 shares of company stock worth $44,221,357 over the last 90 days. Corporate insiders own 18.90% of the company’s stock.
Institutional Investors Weigh In On Oklo
Several institutional investors and hedge funds have recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in shares of Oklo by 60.8% in the 1st quarter. Empowered Funds LLC now owns 11,073 shares of the company’s stock valued at $549,000 after purchasing an additional 4,186 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in shares of Oklo by 63.4% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 19,478 shares of the company’s stock valued at $966,000 after purchasing an additional 7,557 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Oklo by 56.8% in the 1st quarter. NewEdge Advisors LLC now owns 35,894 shares of the company’s stock valued at $1,780,000 after purchasing an additional 13,002 shares in the last quarter. Optiver Holding B.V. acquired a new stake in shares of Oklo in the 1st quarter valued at $2,414,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Oklo in the 1st quarter valued at $130,000. Institutional investors and hedge funds own 85.03% of the company’s stock.
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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