Key Points
- Insider sale: William Carroll Murphy Goodwin sold 2,820 Oklo shares on March 9 at an average of $56.69 for about $159,866, cutting his holding by 14.99% to 15,991 shares (≈$906,530).
- Heavy institutional ownership: Hedge funds and institutional investors own roughly 85.03% of Oklo, with recent buys including Caprock’s new ~$14.8M position and sizable increases by Mirae and Envestnet.
- Analyst sentiment: The stock has an average rating of "Moderate Buy" with a mean target of $98.93, and B. Riley recently lifted its price target from $58 to $129.
Oklo Inc. (NYSE:OKLO - Get Free Report) insider William Carroll Murphy Goodwin sold 2,820 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $56.69, for a total transaction of $159,865.80. Following the completion of the sale, the insider owned 15,991 shares of the company's stock, valued at approximately $906,529.79. The trade was a 14.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Oklo Price Performance
OKLO opened at $61.42 on Wednesday. The firm has a market capitalization of $9.60 billion, a price-to-earnings ratio of -113.73 and a beta of 0.80. The company's 50 day simple moving average is $77.16 and its two-hundred day simple moving average is $95.76. Oklo Inc. has a 1-year low of $17.42 and a 1-year high of $193.84.
Institutional Investors Weigh In On Oklo
A number of institutional investors and hedge funds have recently added to or reduced their stakes in OKLO. Caprock Group LLC acquired a new position in Oklo in the third quarter valued at about $14,829,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Oklo by 48.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 164,860 shares of the company's stock valued at $18,403,000 after acquiring an additional 54,080 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Oklo by 298.6% during the third quarter. Envestnet Asset Management Inc. now owns 23,396 shares of the company's stock valued at $2,612,000 after acquiring an additional 17,526 shares during the last quarter. Prospera Financial Services Inc raised its stake in shares of Oklo by 10.0% in the 2nd quarter. Prospera Financial Services Inc now owns 51,435 shares of the company's stock valued at $2,880,000 after acquiring an additional 4,678 shares during the period. Finally, Wealthedge Investment Advisors LLC purchased a new stake in shares of Oklo in the 2nd quarter valued at approximately $738,000. Hedge funds and other institutional investors own 85.03% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. B. Riley Financial lifted their price objective on Oklo from $58.00 to $129.00 and gave the stock a "buy" rating in a research report on Wednesday, November 12th. The Goldman Sachs Group reiterated a "neutral" rating and set a $106.00 price target on shares of Oklo in a report on Friday, January 9th. William Blair reissued an "outperform" rating on shares of Oklo in a report on Wednesday, November 12th. Wedbush restated an "outperform" rating on shares of Oklo in a research report on Friday, January 9th. Finally, Citigroup reiterated a "neutral" rating on shares of Oklo in a report on Monday, November 24th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $98.93.
View Our Latest Research 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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