Key Points
- Director John Jansen sold 6,354 Oklo shares for approximately $233,000 at an average price of $36.67, reducing his direct ownership by 51.43% to 6,000 shares.
- Oklo shares opened at $35.97, near their 12-month low of $34.38, while the company recently reported a quarterly loss of $0.28 per share and revenue of $1.21 million.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $83.26, but investors remain focused on project execution, possible dilution from the planned $1 billion equity offering, and the company’s years-away path to profitability.
Oklo Inc. (NYSE:OKLO - Get Free Report) Director John Jansen sold 6,354 shares of Oklo stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $36.67, for a total transaction of $233,001.18. Following the transaction, the director directly owned 6,000 shares in the company, valued at approximately $220,020. This represents a 51.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Oklo Stock Down 0.7%
Shares of NYSE OKLO opened at $35.97 on Wednesday. The company has a market capitalization of $6.69 billion, a PE ratio of -38.27 and a beta of 1.18. The stock's 50 day moving average price is $42.42 and its 200-day moving average price is $54.12. Oklo Inc. has a twelve month low of $34.38 and a twelve month high of $193.84.
Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported ($0.28) EPS 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 the consensus estimate of $0.09 million. The company's revenue was up 11900.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.18) earnings per share. As a group, research analysts expect that Oklo Inc. will post -0.92 EPS for the current fiscal year.
Oklo News Summary
Here are the key news stories impacting Oklo this week:
- Positive Sentiment: Growing European government support for small modular reactors could expand the addressable market for Oklo’s advanced nuclear technology. The European Investment Bank’s €40 million loan to an SMR developer is viewed as an initial step toward a broader pipeline of public-sector investment, although it does not represent a contract for Oklo. Europe Bets Big on Small Modular Reactors
- Neutral Sentiment: Analysts and investors are focusing on three execution tests: progress at the Aurora project, development of the Idaho-based “Grove” facility, and the Ohio strategy backed by Meta and Centrus. Success could improve Oklo’s path toward commercialization, but the company remains years away from potentially generating meaningful profits. Before You Buy Oklo Stock Consider These 3 Tests
- Negative Sentiment: Director John M. Jansen sold 6,354 shares for approximately $233,000, reducing his direct ownership by more than half. Insider selling can weigh on sentiment, even though the transaction does not necessarily indicate a change in the company’s long-term outlook. SEC Insider Sale Filing
- Negative Sentiment: Oklo’s recently announced $1 billion at-the-market equity offering has raised dilution concerns and signals that the company needs additional capital to fund operations and development. Investors are also concerned that profitability may remain several years away. Oklo Stock Drops After Announcing $1 Billion Share Sale
Institutional Trading of Oklo
A number of large investors have recently bought and sold shares of the company. Sei Investments Co. lifted its stake in shares of Oklo by 344.6% during the 1st quarter. Sei Investments Co. now owns 50,096 shares of the company's stock valued at $2,484,000 after buying an additional 38,829 shares in the last quarter. DNB Asset Management AS boosted its holdings in Oklo by 151.7% in the 4th quarter. DNB Asset Management AS now owns 28,625 shares of the company's stock worth $2,054,000 after buying an additional 17,253 shares during the period. Bank of America Corp DE grew its stake in Oklo by 55.3% in the 1st quarter. Bank of America Corp DE now owns 620,281 shares of the company's stock valued at $30,760,000 after buying an additional 220,976 shares in the last quarter. Handelsbanken Fonder AB purchased a new position in Oklo in the 4th quarter valued at approximately $2,555,000. Finally, Intech Investment Management LLC grew its stake in Oklo by 82.8% in the 4th quarter. Intech Investment Management LLC now owns 46,717 shares of the company's stock valued at $3,352,000 after buying an additional 21,157 shares in the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. Truist Financial lowered their target price on Oklo from $55.00 to $51.00 and set a "hold" rating on the stock in a research note on Monday, August 10th. Wedbush reissued an "outperform" rating and issued a $110.00 price target on shares of Oklo in a report on Tuesday, May 26th. HC Wainwright restated a "buy" rating and set a $90.00 price target on shares of Oklo in a research report on Monday, August 10th. UBS Group decreased their price objective on shares of Oklo from $60.00 to $55.00 and set a "neutral" rating for the company in a report on Thursday, June 11th. Finally, Wolfe Research began coverage on shares of Oklo in a research report on Tuesday, May 19th. They issued a "peer perform" rating on the stock. One investment 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 given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $83.26.
Check Out Our Latest Report on Oklo
Oklo Company Profile
(
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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