Key Points
- Insider John Hanson sold 1,100 Oklo shares at an average price of $37.39, worth $41,129, reducing his stake by 0.30%. The sale was made to cover tax withholding on vested equity awards.
- Oklo shares opened at $37.07, while the company remains unprofitable and recently reported a quarterly loss of $0.28 per share, missing analyst expectations despite revenue rising 11,900% year over year to $1.21 million.
- Analyst sentiment is broadly positive, with a “Moderate Buy” consensus and an average price target of $82.44, though targets have been reduced by some firms. Potential support includes an Air Force microreactor deal, while valuation and ongoing losses remain key risks.
Oklo Inc. (NYSE:OKLO - Get Free Report) insider John Hanson sold 1,100 shares of the business's stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $37.39, for a total value of $41,129.00. Following the completion of the sale, the insider owned 361,350 shares in the company, valued at $13,510,876.50. The trade was a 0.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
John Hanson also recently made the following trade(s):
- On Monday, August 24th, John Hanson sold 539 shares of Oklo stock. The stock was sold at an average price of $39.77, for a total transaction of $21,436.03.
Oklo Stock Down 0.1%
Shares of OKLO stock opened at $37.07 on Wednesday. The company's fifty day simple moving average is $41.04 and its 200-day simple moving average is $52.37. The firm has a market cap of $6.90 billion, a PE ratio of -39.44 and a beta of 1.18. Oklo Inc. has a 12 month low of $34.38 and a 12 month high of $193.84.
Oklo (NYSE:OKLO - Get Free Report) last announced its earnings results on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The company had revenue of $1.21 million for the quarter, compared to analyst estimates 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) EPS. On average, equities analysts predict that Oklo Inc. will post -0.96 earnings per share for the current fiscal year.
Analyst Ratings Changes
OKLO has been the subject of several analyst reports. Truist Financial set a $51.00 price objective on Oklo in a report on Monday. Canaccord Genuity Group dropped their target price on Oklo from $125.00 to $100.00 and set a "buy" rating on the stock in a report on Monday, August 10th. Piper Sandler assumed coverage on Oklo in a research note on Tuesday, September 8th. They set an "overweight" rating and a $55.00 price objective on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Oklo in a report on Friday, August 7th. Finally, Guggenheim started coverage on shares of Oklo in a research note on Thursday, June 25th. They issued a "neutral" rating for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Oklo presently has an average rating of "Moderate Buy" and an average price target of $82.44.
Read Our Latest Stock Analysis on OKLO
Institutional Trading of Oklo
Several hedge funds and other institutional investors have recently modified their holdings of OKLO. Costello Asset Management INC grew its position in shares of Oklo by 66.7% in the first quarter. Costello Asset Management INC now owns 500 shares of the company's stock valued at $25,000 after purchasing an additional 200 shares during the last quarter. SHP Wealth Management acquired a new position in Oklo in the 4th quarter valued at $32,000. Ascentis Independent Advisors bought a new position in Oklo during the 1st quarter worth $33,000. Strategic Advocates LLC lifted its holdings in shares of Oklo by 70.9% during the fourth quarter. Strategic Advocates LLC now owns 663 shares of the company's stock worth $47,000 after buying an additional 275 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Oklo in the fourth quarter valued at about $57,000. Institutional investors own 85.03% of the company's stock.
More Oklo News
Here are the key news stories impacting Oklo this week:
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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