Key Points
- Oklo General Counsel Vivek Narayanadas sold 649 shares at an average price of $35.93, generating $23,318.57. The sale was made to cover tax withholding tied to vested equity awards, reducing his ownership by 6.92% to 8,734 shares.
- Oklo shares opened at $38.59, with a market capitalization of $7.18 billion and a 52-week range of $34.38 to $193.84. The company reported a quarterly loss of $0.28 per share, missing estimates, despite revenue rising 11,900% year over year to $1.21 million.
- Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $82.44, although several firms recently lowered their targets.
Oklo Inc. (NYSE:OKLO - Get Free Report) General Counsel Vivek Narayanadas sold 649 shares of the stock in a transaction on Monday, October 5th. The stock was sold at an average price of $35.93, for a total value of $23,318.57. Following the sale, the general counsel owned 8,734 shares of the company's stock, valued at approximately $313,812.62. This represents a 6.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 Wednesday, September 9th, Vivek Narayanadas sold 365 shares of Oklo stock. The shares were sold at an average price of $43.31, for a total value of $15,808.15.
- On Tuesday, September 8th, Vivek Narayanadas sold 238 shares of Oklo stock. The shares were sold at an average price of $42.06, for a total value of $10,010.28.
- On Friday, September 4th, Vivek Narayanadas sold 538 shares of Oklo stock. The stock was sold at an average price of $39.88, for a total value of $21,455.44.
- On Tuesday, August 25th, Vivek Narayanadas sold 223 shares of Oklo stock. The stock was sold at an average price of $40.80, for a total value of $9,098.40.
- On Monday, August 24th, Vivek Narayanadas sold 3,264 shares of Oklo stock. The shares were sold at an average price of $39.77, for a total value of $129,809.28.
Oklo Stock Performance
Shares of NYSE OKLO opened at $38.59 on Wednesday. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of -41.06 and a beta of 1.20. The business has a 50 day simple moving average of $40.51 and a 200 day simple moving average of $51.58. Oklo Inc. has a 52 week low of $34.38 and a 52 week high of $193.84.
Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $0.09 million. The business's revenue was up 11900.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.18) EPS. On average, analysts predict that Oklo Inc. will post -0.99 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the stock. Canaccord Genuity Group cut their price target on shares of Oklo from $125.00 to $100.00 and set a "buy" rating on the stock in a report on Monday, August 10th. Barclays decreased their price objective on shares of Oklo from $82.00 to $76.00 and set an "overweight" rating for the company in a report on Wednesday, July 22nd. Guggenheim began coverage on Oklo in a report on Thursday, June 25th. They set a "neutral" rating on the stock. UBS Group reduced their price target on Oklo from $55.00 to $41.00 and set a "neutral" rating for the company in a research report on Friday, September 25th. Finally, Truist Financial set a $51.00 price target on Oklo in a research report on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $82.44.
Check Out Our Latest Research Report on Oklo
Key Oklo News
Here are the key news stories impacting Oklo this week:
- Positive Sentiment: Reactor execution is attracting renewed investor interest. An analyst update following a visit to Oklo’s Groves facility reportedly maintained a bullish rating and price target, citing confidence that the company can advance a reactor from construction to first criticality on a commercial timeline. Oklo’s August announcement that the Groves reactor reached first criticality in under a year provided a tangible execution milestone. Oklo shares climb as investors appear to focus on reactor progress and fresh analyst support
- Positive Sentiment: Nuclear-sector momentum lifted Oklo. Alphabet’s Google announced a nuclear power initiative involving existing reactors, prompting a broader rally in nuclear stocks, including companies whose new reactors are still under development. The sector-wide move appears to have amplified interest in Oklo’s data-center and industrial power strategy. Nuclear Stocks Rally as Google’s Reactor Deal Lifts the Sector
- Positive Sentiment: Waste-disposal research may strengthen Oklo’s long-term investment case. A Department of Energy-funded project with Deep Isolation Nuclear, Argonne National Laboratory and Case Western Reserve University found that deep-borehole disposal of waste from recycled nuclear fuel could meet safety standards below the program’s cost target. If commercially validated, the approach could help address a key challenge for advanced nuclear deployment. How Deep Borehole Disposal Breakthrough At Oklo Has Changed Its Investment Story
- Negative Sentiment: Continued insider selling is a risk signal. CEO Jacob DeWitte sold 120,000 shares under a pre-arranged Rule 10b5-1 plan, while General Counsel Vivek Narayanadas sold shares to cover tax withholding. These transactions were not necessarily discretionary bearish bets, but recent insider activity has consisted overwhelmingly of sales rather than purchases.
Hedge Funds Weigh In On Oklo
A number of institutional investors have recently modified their holdings of OKLO. Van ECK Associates Corp lifted its stake in shares of Oklo by 13.9% in the fourth quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company's stock worth $283,902,000 after buying an additional 481,288 shares during the last quarter. Clear Street Group Inc. grew its stake in Oklo by 110.5% in the 4th quarter. Clear Street Group Inc. now owns 842,172 shares of the company's stock valued at $60,434,000 after buying an additional 442,172 shares during the last quarter. Bank of America Corp DE raised its holdings in Oklo by 55.3% in the 1st quarter. Bank of America Corp DE now owns 620,281 shares of the company's stock worth $30,760,000 after acquiring an additional 220,976 shares during the period. Bank of New York Mellon Corp raised its holdings in Oklo by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 516,886 shares of the company's stock worth $25,632,000 after acquiring an additional 5,945 shares during the period. Finally, Capital World Investors lifted its position in Oklo by 5.2% during the 4th quarter. Capital World Investors now owns 505,938 shares of the company's stock worth $36,306,000 after acquiring an additional 24,923 shares during the last quarter. Institutional investors own 85.03% of the company's stock.
About Oklo
(
Get Free Report)
Oklo Inc is an advanced fission technology company developing compact nuclear power plants designed to provide reliable, carbon-free electricity. Its flagship Aurora powerhouse is a small-scale fission system intended to operate for extended periods and supply power directly to industrial, commercial, and other large energy users.
The company is also developing fuel-recycling capabilities to support the use of recovered nuclear fuel in advanced reactors. Oklo has pursued partnerships and regulatory work in the United States, including activities associated with the Idaho National Laboratory, and is initially focused on serving U.S.
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