Key Points
- Oklo’s general counsel sold 364 shares for $12,627.16 at an average price of $34.69, reducing his ownership by 3.99% to 8,769 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards.
- Oklo shares opened at $31.82, near the company’s 12-month low of $31.02, with a market capitalization of approximately $5.92 billion. The stock remains well below its 50-day and 200-day moving averages.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $82.44, although Oklo recently missed quarterly EPS expectations despite reporting $1.21 million in revenue, up sharply year over year.
Oklo Inc. (NYSE:OKLO - Get Free Report) General Counsel Vivek Narayanadas sold 364 shares of the business's stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $34.69, for a total value of $12,627.16. Following the completion of the transaction, the general counsel directly owned 8,769 shares in the company, valued at approximately $304,196.61. This trade represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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, October 6th, Vivek Narayanadas sold 288 shares of Oklo stock. The stock was sold at an average price of $37.29, for a total value of $10,739.52.
- On Monday, October 5th, Vivek Narayanadas sold 649 shares of Oklo stock. The stock was sold at an average price of $35.93, for a total value of $23,318.57.
- On Wednesday, September 9th, Vivek Narayanadas sold 365 shares of Oklo stock. The stock was sold at an average price of $43.31, for a total transaction of $15,808.15.
- 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 shares were sold at an average price of $39.77, for a total transaction of $129,809.28.
Oklo Stock Down 1.2%
Oklo stock opened at $31.82 on Wednesday. The company has a market capitalization of $5.92 billion, a PE ratio of -33.85 and a beta of 1.20. Oklo Inc. has a 12-month low of $31.02 and a 12-month high of $193.84. The firm's fifty day moving average is $39.88 and its 200 day moving average is $50.84.
Oklo (NYSE:OKLO - Get Free Report) last posted 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 business had revenue of $1.21 million for the quarter, compared to analyst estimates of $0.09 million. The company's revenue for the quarter was up 11900.0% on a year-over-year basis. During the same period last year, the firm earned ($0.18) EPS. Sell-side analysts expect that Oklo Inc. will post -1.02 EPS for the current fiscal year.
Institutional Trading of Oklo
Several hedge funds have recently bought and sold shares of the business. Accel Wealth Management bought a new stake in Oklo during the 3rd quarter valued at $224,000. Thor Investment Management Inc. OH ADV acquired a new position in Oklo during the third quarter worth $381,000. GK Wealth Management LLC bought a new position in shares of Oklo in the third quarter valued at $69,000. Polaris Financial Partners bought a new position in shares of Oklo in the third quarter valued at $93,000. Finally, MCF Advisors LLC lifted its stake in shares of Oklo by 201.0% in the second quarter. MCF Advisors LLC now owns 1,559 shares of the company's stock valued at $82,000 after buying an additional 1,041 shares in the last quarter. Institutional investors and hedge funds own 85.03% of the company's stock.
Analyst Ratings Changes
OKLO has been the topic of a number of research analyst reports. Truist Financial set a $51.00 price objective on shares of Oklo in a research report on Monday, September 28th. UBS Group reduced their target price on Oklo from $55.00 to $41.00 and set a "neutral" rating for the company in a research note on Friday, September 25th. Citigroup decreased their target price on Oklo from $76.00 to $57.50 and set a "neutral" rating for the company in a research report on Monday, August 10th. Guggenheim initiated coverage on Oklo in a research note on Thursday, June 25th. They set a "neutral" rating on the stock. Finally, Barclays dropped their price target on Oklo from $82.00 to $76.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 22nd. One research 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. According to MarketBeat, Oklo presently has a consensus rating of "Moderate Buy" and an average target price of $82.44.
Read Our Latest Stock Analysis on Oklo
Key Oklo News
Here are the key news stories impacting Oklo this week:
- Positive Sentiment: Oklo announced that it will advance its Groves 2 Forge isotope-production facility through the U.S. Department of Energy’s Nuclear Energy Launch Pad initiative. The project builds on the Groves Isotope Test Reactor and could support the company’s expansion into medical and other high-value isotopes. Oklo to Advance Groves 2 Forge as Part of U.S. Department of Energy’s Nuclear Energy Launch Pad Selection
- Positive Sentiment: Progress on reactor milestones, critical-material procurement and laboratory capabilities is strengthening Oklo’s medical-isotope strategy, giving investors another potential growth avenue beyond electricity generation. OKLO Builds on Groves Progress to Expand Isotope Business
- Neutral Sentiment: Oklo’s planned 20-year power-purchase agreements with Meta remain a potentially important commercial catalyst, but investors are weighing those future opportunities against the company’s early-stage development and execution risks. Oklo Dropped, So What Is Driving Attention Now?
- Negative Sentiment: The stock has fallen roughly 84% from its high and its market value has dropped below $6 billion. The new 52-week low reflects investor concerns that Oklo’s ambitious nuclear and isotope projects may take substantial time and capital to commercialize. Oklo Stock Hits a New 52-Week Low: Time to Buy?
- Negative Sentiment: Oklo is also being affected by weakness across nuclear stocks, as investors have recently reduced exposure to the sector after an earlier rally. This broader risk-off move has added selling pressure independent of Oklo-specific news. Nuclear Names Give Back a Month of Ground
- Negative Sentiment: General Counsel Vivek Narayanadas sold 364 shares under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards. The small, planned transaction is not a strong signal of deteriorating insider confidence, but it adds modestly to the negative headline flow. Oklo Insider Trading Activity
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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