Key Points
- CEO Jacob Dewitte sold 60,000 Oklo shares on July 1 at an average price of $52.80, for proceeds of about $3.17 million. The sale reduced his stake by roughly 10.5%, and it was disclosed in an SEC filing.
- This was part of a broader pattern of insider selling: Dewitte also sold additional Oklo shares in recent months, including a larger 140,000-share sale on the same day and multiple sales in May and June.
- Oklo remains volatile but has some positive catalysts, including a recent DOE safety analysis approval for its Groves Isotope Test Reactor and ongoing investor interest in nuclear stocks tied to AI power demand. Despite that, the stock has traded well below its 52-week high and analysts currently rate it a Moderate Buy on average.
Oklo Inc. (NYSE:OKLO - Get Free Report) CEO Jacob Dewitte sold 60,000 shares of the company's stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $52.80, for a total value of $3,168,000.00. Following the transaction, the chief executive officer owned 511,533 shares in the company, valued at $27,008,942.40. This trade represents a 10.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Jacob Dewitte also recently made the following trade(s):
- On Wednesday, July 1st, Jacob Dewitte sold 140,000 shares of Oklo stock. The shares were sold at an average price of $52.98, for a total value of $7,417,200.00.
- On Monday, June 1st, Jacob Dewitte sold 140,000 shares of Oklo stock. The shares were sold at an average price of $68.29, for a total transaction of $9,560,600.00.
- On Monday, June 1st, Jacob Dewitte sold 60,000 shares of Oklo stock. The stock was sold at an average price of $68.29, for a total value of $4,097,400.00.
- On Friday, May 1st, Jacob Dewitte sold 140,000 shares of Oklo stock. The shares were sold at an average price of $70.50, for a total value of $9,870,000.00.
- On Friday, May 1st, Jacob Dewitte sold 60,000 shares of Oklo stock. The stock was sold at an average price of $69.61, for a total transaction of $4,176,600.00.
Oklo Trading Up 4.4%
Shares of NYSE:OKLO opened at $49.37 on Friday. The company has a market cap of $8.59 billion, a PE ratio of -58.77 and a beta of 1.14. The company's 50 day moving average is $61.41 and its two-hundred day moving average is $66.90. Oklo Inc. has a 52 week low of $44.88 and a 52 week high of $193.84.
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, beating analysts' consensus estimates of ($0.20) by $0.01. During the same period last year, the firm earned ($0.07) earnings per share. As a group, equities research analysts expect that Oklo Inc. will post -0.73 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Oklo by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 11,637,504 shares of the company's stock worth $835,107,000 after acquiring an additional 44,036 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Oklo by 71.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company's stock valued at $792,822,000 after acquiring an additional 2,968,981 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Oklo by 13.9% during the fourth quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company's stock worth $283,902,000 after purchasing an additional 481,288 shares in the last quarter. State Street Corp lifted its position in Oklo by 23.6% during the 4th quarter. State Street Corp now owns 3,060,220 shares of the company's stock worth $219,601,000 after acquiring an additional 584,184 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Oklo by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company's stock worth $201,671,000 after purchasing an additional 185,265 shares in the last quarter. 85.03% of the stock is currently owned by hedge funds and other institutional investors.
Oklo News Summary
Here are the key news stories impacting Oklo this week:
- Positive Sentiment: Traders bought an unusually high volume of call options on Oklo, suggesting rising bullish speculation that the stock could move higher. Oklo Inc Class A Shares OKLO
- Positive Sentiment: Oklo was highlighted in new “best nuclear stocks” and “powerful nuclear energy stocks” articles, reflecting continued momentum around nuclear names as investors look for AI/data-center power beneficiaries. Best Nuclear Stocks Worth Watching - July 8th
- Positive Sentiment: The U.S. Department of Energy approved the Documented Safety Analysis for Oklo’s Groves Isotope Test Reactor in Texas, a regulatory milestone that supports progress on its advanced nuclear projects. Oklo (OKLO) Gains A Regulatory Win As Investors Weigh Its Valuation
- Neutral Sentiment: Oklo was included in an IPO-themed article as a high-upside nuclear stock, which may keep it on traders’ watchlists but does not change fundamentals directly. 5 Best IPO Stocks with Huge Upside Potential
- Negative Sentiment: CEO Jacob Dewitte sold 60,000 shares, a transaction that can pressure sentiment because investors often view insider selling cautiously. SEC Form 4 filing
- Negative Sentiment: Recent commentary also noted that Oklo’s share price has been weak over the past month and remains highly sensitive to valuation concerns, which may limit upside even after the regulatory win. Oklo (OKLO) Gains A Regulatory Win As Investors Weigh Its Valuation
Analyst Upgrades and Downgrades
OKLO has been the topic of several research analyst reports. Wolfe Research assumed coverage on Oklo in a research report on Tuesday, May 19th. They set a "peer perform" rating on the stock. B. Riley Financial reduced their price objective on shares of Oklo from $129.00 to $92.00 and set a "buy" rating for the company in a research report on Wednesday, March 18th. Tigress Financial started coverage on shares of Oklo in a research report on Monday, April 27th. They set a "buy" rating and a $130.00 target price on the stock. Zacks Research raised Oklo from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 19th. Finally, Needham & Company LLC dropped their price objective on Oklo from $135.00 to $73.00 and set a "buy" rating for the company in a research note on Wednesday, March 18th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Oklo presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.18.
Check Out Our Latest Stock Report on OKLO
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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