Key Points
- Oklo CFO Richard Craig Bealmear sold 73,081 shares on June 1 at an average price of $68.42, generating about $5.0 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and his ownership fell by 15.53%.
- Insider selling has been broader than just the CFO. The article notes recent sales by CEO Jacob Dewitte as well, which has fueled concerns that management may be taking profits after a strong run in the stock.
- Oklo shares were under pressure, with the stock reported down 11% and trading at $65.36. Despite recent weakness, analysts still carry a Moderate Buy consensus with an average price target of $83.06.
Oklo Inc. (NYSE:OKLO - Get Free Report) CFO Richard Craig Bealmear sold 73,081 shares of Oklo 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 transaction, the chief financial officer directly owned 397,642 shares of the company's stock, valued at approximately $27,206,665.64. The trade was a 15.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Richard Craig Bealmear also recently made the following trade(s):
- On Wednesday, April 1st, Richard Craig Bealmear sold 16,342 shares of Oklo stock. The shares were sold at an average price of $51.08, for a total value of $834,749.36.
- On Friday, March 13th, Richard Craig Bealmear sold 72,090 shares of Oklo stock. The shares were sold at an average price of $60.00, for a total value of $4,325,400.00.
Oklo Stock Down 11.0%
Oklo stock opened at $65.36 on Thursday. The stock has a 50-day simple moving average of $62.63 and a 200 day simple moving average of $73.74. Oklo Inc. has a 12-month low of $44.88 and a 12-month high of $193.84. The stock has a market capitalization of $11.37 billion, a price-to-earnings ratio of -77.81 and a beta of 1.10.
Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.20) by $0.01. During the same period in the prior year, the firm earned ($0.07) earnings per share. As a group, sell-side analysts anticipate that Oklo Inc. will post -0.78 EPS for the current year.
Hedge Funds Weigh In On Oklo
Large investors have recently bought and sold shares of the company. Gables Capital Management Inc. acquired a new position in Oklo during the 3rd quarter worth approximately $28,000. Nemes Rush Group LLC acquired a new position in Oklo during the 3rd quarter worth approximately $28,000. CI Investments Inc. boosted its position in Oklo by 153.0% during the 3rd quarter. CI Investments Inc. now owns 296 shares of the company's stock worth $33,000 after acquiring an additional 179 shares during the last quarter. Comprehensive Financial Planning Inc. PA boosted its position in Oklo by 950.0% during the 3rd quarter. Comprehensive Financial Planning Inc. PA now owns 315 shares of the company's stock worth $35,000 after acquiring an additional 285 shares during the last quarter. Finally, Rossby Financial LCC boosted its position in Oklo by 75.0% during the 3rd quarter. Rossby Financial LCC now owns 350 shares of the company's stock worth $41,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company's stock.
Wall Street Analysts Forecast Growth
OKLO has been the subject of a number of research reports. Zacks Research upgraded Oklo from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 19th. Wolfe Research assumed coverage on Oklo in a research note on Tuesday, May 19th. They set a "peer perform" rating for the company. Bank of America assumed coverage on shares of Oklo in a report on Friday, May 22nd. They issued a "buy" rating and a $80.00 price target for the company. Tigress Financial assumed coverage on shares of Oklo in a report on Monday, April 27th. They issued a "buy" rating and a $130.00 price target for the company. Finally, B. Riley Financial reduced their price target on shares of Oklo from $129.00 to $92.00 and set a "buy" rating for the company in a report on Wednesday, March 18th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Oklo has an average rating of "Moderate Buy" and an average target price of $83.06.
Check Out Our Latest Analysis on Oklo
Key Oklo News
Here are the key news stories impacting Oklo this week:
- Positive Sentiment: Oklo is still seeing supportive investor interest tied to its nuclear-growth story, including recent momentum around DOE fuel discussions, regulatory progress, and broader enthusiasm for nuclear power as a solution for AI and clean-energy demand.
- Positive Sentiment: Options activity was elevated, with investors buying more call options than usual, suggesting some traders are still positioning for upside in the name.
- Neutral Sentiment: A recent article noted that OKLO and OTTR had the highest short interest in the utilities sector, which can indicate skepticism from traders but also creates the potential for sharp moves if sentiment shifts. Article Title
- Negative Sentiment: CEO Jacob Dewitte sold 60,000 shares and then an additional 140,000 shares under a pre-arranged 10b5-1 plan, while CFO Richard Craig Bealmear also sold 73,081 shares. Together, the insider sales reinforced concerns that management may be taking profits after a strong run.
- Negative Sentiment: A market-moving report said Oklo stock fell after co-founders disclosed about $13.6 million in insider share sales, which appears to be the main catalyst behind the weakness investors are seeing today. Article Title
About Oklo
(
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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