Richard Craig Bealmear Sells 16,430 Shares of Oklo (NYSE:OKLO) Stock

Oklo Inc. (NYSE:OKLOGet Free Report) CFO Richard Bealmear sold 16,430 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $38.76, for a total value of $636,826.80. Following the completion of the transaction, the chief financial officer owned 455,976 shares in the company, valued at $17,673,629.76. The trade was a 3.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Oklo Stock Up 3.5%

OKLO stock opened at $41.24 on Friday. Oklo Inc. has a 52 week low of $36.61 and a 52 week high of $193.84. The business has a 50-day simple moving average of $44.16 and a 200 day simple moving average of $55.50. The company has a market cap of $7.67 billion, a PE ratio of -43.87 and a beta of 1.18.

Oklo (NYSE:OKLOGet Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.12). The business had revenue of $1.21 million for the quarter, compared to analysts’ expectations of $0.09 million. During the same quarter last year, the firm earned ($0.18) EPS. The firm’s quarterly revenue was up 11900.0% on a year-over-year basis. On average, analysts anticipate that Oklo Inc. will post -0.9 EPS for the current fiscal year.

Institutional Trading of Oklo

A number of hedge funds have recently added to or reduced their stakes in OKLO. Gilpin Wealth Management LLC acquired a new position in shares of Oklo during the fourth quarter worth $29,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Oklo during the 3rd quarter valued at $45,000. Triumph Capital Management acquired a new stake in shares of Oklo during the 3rd quarter valued at $49,000. SHP Wealth Management bought a new stake in Oklo during the 4th quarter worth $32,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Oklo during the 4th quarter worth $35,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Key Oklo News

Here are the key news stories impacting Oklo this week:

  • Positive Sentiment: A comparison of small modular reactor stocks favors Oklo over NuScale Power because Oklo could capture a larger future revenue opportunity as data centers drive demand for reliable electricity. The bullish case depends on successful project execution and regulatory progress. Better Small Modular Reactor Stock to Buy After the Sell-Off: Oklo vs. NuScale Power
  • Positive Sentiment: Analysis that Oklo’s “AI power” opportunity is becoming more tangible reinforces the long-term growth thesis that advanced nuclear reactors could help meet rapidly rising data-center electricity demand. Oklo: The AI Power Trade Is Getting More Tangible
  • Neutral Sentiment: Investor comparisons between Oklo and NuScale emphasize that the better investment may depend on how quickly AI companies adopt nuclear power. This highlights substantial potential but also significant uncertainty around customer demand, commercialization timelines and regulation. Nuclear Stock Face-Off: Is NuScale Power or Oklo the Better Buy Right Now?
  • Neutral Sentiment: Holtec Nuclear’s planned IPO could bring additional capital and attention to the nuclear and SMR industries. However, its existing revenue base may provide investors with a more established alternative to Oklo. Holtec Nuclear IPO: A New Bet on the Nuclear Power Sector
  • Negative Sentiment: Chief People Officer Alexandra Renner sold 1,930 shares worth about $74,000 to cover tax withholding after equity awards vested. The transaction reduced her holdings by only 0.4%, making it a limited bearish signal. Oklo insider sale
  • Negative Sentiment: CFO Richard Bealmear sold 16,430 shares valued at approximately $637,000 under a pre-arranged Rule 10b5-1 trading plan. Planned selling reduces its signaling value, but adds to near-term investor caution. Oklo insider trading report
  • Negative Sentiment: OKLO has been identified as one of the utilities sector’s most heavily shorted stocks, signaling substantial bearish positioning and the possibility of continued volatility. OKLO short interest

Analyst Ratings Changes

OKLO has been the subject of several research analyst reports. Truist Financial lowered their price objective on shares of Oklo from $55.00 to $51.00 and set a “hold” rating for the company in a research 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 note on Wednesday, May 13th. Canaccord Genuity Group lowered their price target on Oklo from $125.00 to $100.00 and set a “buy” rating for the company in a report on Monday, August 10th. Citigroup lowered their price target on Oklo from $76.00 to $57.50 and set a “neutral” rating for the company in a report on Monday, August 10th. Finally, Weiss Ratings reaffirmed 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 assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $85.03.

Check Out Our Latest Report on Oklo

Oklo Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Oklo (NYSE:OKLO)

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