Key Points
- Oklo CFO Richard Bealmear sold 16,430 shares for approximately $636,827 under a pre-arranged Rule 10b5-1 trading plan, reducing his direct holdings by 3.48% to 455,976 shares.
- Oklo reported a quarterly loss of $0.28 per share, missing the $0.16 consensus estimate, while revenue reached $1.21 million—up 11,900% year over year but still early-stage.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $85.03, while institutional investors own 85.03% of the company’s shares.
Oklo Inc. (NYSE:OKLO - Get Free Report) insider Alexandra Renner sold 1,930 shares of Oklo stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $38.40, for a total value of $74,112.00. Following the completion of the sale, the insider directly owned 475,022 shares in the company, valued at $18,240,844.80. This represents a 0.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Alexandra Renner also recently made the following trade(s):
- On Monday, August 24th, Alexandra Renner sold 557 shares of Oklo stock. The stock was sold at an average price of $39.77, for a total value of $22,151.89.
Oklo Trading Up 0.9%
Shares of OKLO stock opened at $39.89 on Friday. The stock has a 50 day simple moving average of $44.33 and a 200-day simple moving average of $55.60. The company has a market cap of $7.42 billion, a price-to-earnings ratio of -42.44 and a beta of 1.18. Oklo Inc. has a 12-month low of $36.61 and a 12-month high of $193.84.
Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.12). The company had revenue of $1.21 million during the quarter, compared to analysts' expectations of $0.09 million. During the same quarter in the previous year, the business posted ($0.18) EPS. Oklo's quarterly revenue was up 11900.0% on a year-over-year basis. On average, equities analysts forecast that Oklo Inc. will post -0.9 earnings per share for the current fiscal year.
More Oklo News
Here are the key news stories impacting Oklo this week:
- Positive Sentiment: An analysis of small modular reactor stocks favors Oklo over NuScale Power, citing Oklo’s potentially larger future revenue opportunity as electricity demand from data centers and artificial intelligence increases. The thesis supports Oklo’s long-term growth prospects, although much of the opportunity remains dependent on future project execution and regulatory progress. Better Small Modular Reactor Stock to Buy After the Sell-Off: Oklo vs. NuScale Power
- Positive Sentiment: Commentary that Oklo’s AI-power opportunity is becoming more tangible reinforces the broader bullish narrative that advanced nuclear reactors could benefit from rapidly rising data-center electricity demand. Oklo: The AI Power Trade Is Getting More Tangible
- Neutral Sentiment: Holtec Nuclear’s planned IPO could draw fresh capital and attention to the nuclear and SMR industries, potentially improving sector sentiment. However, Holtec’s existing revenue base would give investors a more established competitor against which to compare Oklo. Holtec Nuclear IPO: A New Bet on the Nuclear Power Sector
- Negative Sentiment: Several executives disclosed sales made September 1: CEO Jacob DeWitte sold 120,000 shares worth about $4.63 million, CFO Richard Bealmear sold 16,430 shares worth approximately $637,000 under a pre-arranged Rule 10b5-1 plan, and executive Alexandra Renner sold 1,930 shares worth roughly $74,000 to cover tax withholding. The CEO’s sizable reduction is the most notable bearish signal, although the planned and tax-related transactions lessen their significance. Oklo insider sale filings
- Negative Sentiment: OKLO has been identified as one of the utilities sector’s most heavily shorted stocks, indicating strong bearish positioning and the potential for continued volatility. OKLO short interest in the utilities sector
Institutional Trading of Oklo
A number of institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in Oklo by 6.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,800 shares of the company's stock valued at $313,000 after purchasing an additional 174 shares during the last quarter. Citizens Financial Group Inc. RI raised its stake in shares of Oklo by 1.0% during the 1st quarter. Citizens Financial Group Inc. RI now owns 18,704 shares of the company's stock worth $928,000 after buying an additional 182 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Oklo by 0.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 70,433 shares of the company's stock worth $3,493,000 after buying an additional 183 shares in the last quarter. Triton Wealth Management PLLC boosted its position in shares of Oklo by 1.3% in the 1st quarter. Triton Wealth Management PLLC now owns 14,760 shares of the company's stock worth $734,000 after buying an additional 191 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its stake in Oklo by 0.5% in the 4th quarter. Kestra Advisory Services LLC now owns 41,689 shares of the company's stock valued at $2,992,000 after acquiring an additional 197 shares during the last quarter. 85.03% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the stock. Guggenheim began coverage on shares of Oklo in a research note on Thursday, June 25th. They set a "neutral" rating on the stock. Citigroup reduced their price objective on shares of Oklo from $76.00 to $57.50 and set a "neutral" rating for the company in a research note on Monday, August 10th. Barclays decreased their price objective on shares of Oklo from $82.00 to $76.00 and set an "overweight" rating on the stock in a report on Wednesday, July 22nd. Bank of America began coverage on shares of Oklo in a research report on Friday, May 22nd. They set a "buy" rating and a $80.00 target price on the stock. Finally, Canaccord Genuity Group dropped their target price on shares of Oklo from $125.00 to $100.00 and set a "buy" rating for the company in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $85.03.
Read Our Latest Stock 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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
