Key Points
- Oklo General Counsel Vivek Narayanadas sold 365 shares at an average price of $43.31, generating $15,808.15. The sale was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards, reducing his holdings by 4.28% to 8,159 shares.
- Oklo shares were trading near $39.94, down 6.2%, with the stock well below its 52-week high of $193.84. The company remains unprofitable, and its latest quarterly loss of $0.28 per share exceeded analysts’ expected loss of $0.16.
- Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $83.26, although commercialization, valuation and reactor-development risks remain significant.
Oklo Inc. (NYSE:OKLO - Get Free Report) General Counsel Vivek Narayanadas sold 365 shares of the business's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $43.31, for a total transaction of $15,808.15. Following the transaction, the general counsel directly owned 8,159 shares of the company's stock, valued at approximately $353,366.29. This trade represents a 4.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Vivek Narayanadas also recently made the following trade(s):
- On Tuesday, September 8th, Vivek Narayanadas sold 238 shares of Oklo stock. The stock was sold at an average price of $42.06, for a total transaction of $10,010.28.
- On Friday, September 4th, Vivek Narayanadas sold 538 shares of Oklo stock. The shares were sold at an average price of $39.88, for a total transaction of $21,455.44.
- On Tuesday, August 25th, Vivek Narayanadas sold 223 shares of Oklo stock. The shares were sold at an average price of $40.80, for a total transaction of $9,098.40.
- On Monday, August 24th, Vivek Narayanadas sold 3,264 shares of Oklo stock. The stock was sold at an average price of $39.77, for a total transaction of $129,809.28.
Oklo Trading Down 6.2%
Shares of NYSE:OKLO opened at $39.94 on Friday. The firm's 50 day moving average is $43.29 and its two-hundred day moving average is $54.72. Oklo Inc. has a 52 week low of $36.61 and a 52 week high of $193.84. The firm has a market capitalization of $7.43 billion, a P/E ratio of -42.49 and a beta of 1.18.
Oklo (NYSE:OKLO - Get Free Report) last released 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 firm had revenue of $1.21 million during the quarter, compared to the consensus estimate of $0.09 million. The company's revenue was up 11900.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.18) earnings per share. Analysts predict that Oklo Inc. will post -0.91 EPS for the current year.
Key Oklo News
Here are the key news stories impacting Oklo this week:
- Positive Sentiment: New Buy rating: Piper Sandler initiated coverage with an Overweight rating and a $55 price target, implying meaningful upside from recent trading levels. The firm views Oklo’s advanced-reactor strategy as attractive within the growing nuclear-power market. Piper Sandler Initiates a Buy Rating on Oklo
- Positive Sentiment: AI power-demand opportunity: Oklo’s small reactors could benefit from hyperscalers seeking dependable, low-carbon electricity as data-center power needs expand. This is a potentially significant long-term growth story, although it is not yet a new contract or near-term revenue source. Is Oklo the Next Great AI Power Story?
- Neutral Sentiment: Analyst targets remain well above the stock: Reports cite targets ranging from Piper Sandler’s $55 to an average near $85, but the wide dispersion reflects uncertainty over Oklo’s valuation and commercialization timeline. Analysts Set Oklo Price Target
- Neutral Sentiment: Insider selling: General Counsel Vivek Narayanadas sold additional shares under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards. The transaction reduced his holdings but does not necessarily indicate a negative view of Oklo. SEC Insider Trading Filing
- Negative Sentiment: Sector-wide selling overshadowed the Buy rating: Investors sold advanced-nuclear stocks broadly after Piper Sandler issued split calls across the group, dragging Oklo lower along with NuScale and other names. Nuclear Stocks Slide After Piper Sandler Ratings
- Negative Sentiment: Execution and valuation concerns persist: Oklo has not deployed a commercial reactor, remains unprofitable, and faces substantial licensing, financing, construction and timeline risks. Its latest quarterly loss also exceeded analyst expectations, reinforcing concerns about the path to commercial operations. Reasons to Sell OKLO Stock
Analyst Ratings Changes
OKLO has been the subject of a number of analyst reports. Piper Sandler initiated coverage on Oklo in a research report on Tuesday. They set an "overweight" rating and a $55.00 price target for the company. HC Wainwright reissued a "buy" rating and set a $90.00 price target on shares of Oklo in a report on Monday, August 10th. Wolfe Research assumed coverage on shares of Oklo in a research note on Tuesday, May 19th. They set a "peer perform" 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 report on Monday, August 10th. Finally, Royal Bank Of Canada set a $80.00 target price on shares of Oklo in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $83.26.
View Our Latest Research Report on Oklo
Institutional Investors Weigh In On Oklo
Institutional investors have recently added to or reduced their stakes in the company. Costello Asset Management INC boosted its stake in Oklo by 66.7% during the 1st quarter. Costello Asset Management INC now owns 500 shares of the company's stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. Gilpin Wealth Management LLC acquired a new position in shares of Oklo during the 4th quarter valued at $29,000. SHP Wealth Management bought a new stake in shares of Oklo in the 4th quarter worth $32,000. Ascentis Independent Advisors acquired a new stake in shares of Oklo in the first quarter valued at $33,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Oklo in the fourth quarter valued at $35,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.
About Oklo
(
Get Free Report)
Oklo Inc is an advanced nuclear technology company focused on developing and commercializing small-scale fission power plants. The company's flagship product, the Aurora powerhouse, is designed to provide reliable, long-term electricity and heat using advanced nuclear reactor technology. Oklo is targeting applications such as industrial operations, data centers, defense facilities and other customers that require dependable, low-carbon energy.
Oklo is also developing fuel-recycling capabilities intended to use certain forms of nuclear fuel more efficiently and reduce the volume of nuclear waste requiring disposal.
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