Key Points
- Oklo insider Alexandra Renner sold 688 shares at an average price of $30.75, worth $21,156, to cover tax withholding on vested equity awards. She retained 478,428 shares, and the sale reduced her ownership by just 0.14%.
- Oklo shares opened at $30.10, well below their 50-day and 200-day moving averages of $39.36 and $50.54, respectively. The company recently reported a quarterly loss of $0.28 per share, missing analyst expectations of a $0.16 loss.
- The company has potential growth catalysts, including DOE support for its Groves 2 Forge isotope facility and nuclear power agreements under pursuit, but faces dilution concerns from a planned stock offering of up to approximately $1 billion.
Oklo Inc. (NYSE:OKLO - Get Free Report) insider Alexandra Renner sold 688 shares of the stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $30.75, for a total value of $21,156.00. Following the sale, the insider directly owned 478,428 shares in the company, valued at approximately $14,711,661. This trade represents a 0.14% decrease in their ownership of the stock. The transaction 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.
Alexandra Renner also recently made the following trade(s):
- On Monday, September 28th, Alexandra Renner sold 1,100 shares of Oklo stock. The stock was sold at an average price of $37.39, for a total value of $41,129.00.
- On Tuesday, September 1st, Alexandra Renner sold 1,930 shares of Oklo stock. The shares were sold at an average price of $38.40, for a total transaction of $74,112.00.
- On Monday, August 24th, Alexandra Renner sold 557 shares of Oklo stock. The shares were sold at an average price of $39.77, for a total transaction of $22,151.89.
Oklo Price Performance
Shares of NYSE:OKLO opened at $30.10 on Friday. The company's 50 day simple moving average is $39.36 and its 200 day simple moving average is $50.54. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of -32.02 and a beta of 1.20. Oklo Inc. has a 1 year low of $27.52 and a 1 year high of $176.35.
Oklo (NYSE:OKLO - Get Free Report) last issued its 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 business had revenue of $1.21 million during the quarter, compared to analysts' expectations of $0.09 million. The business's quarterly revenue was up 11900.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.18) earnings per share. As a group, analysts anticipate that Oklo Inc. will post -1.02 EPS for the current fiscal year.
Oklo News Summary
Here are the key news stories impacting Oklo this week:
- Positive Sentiment: The U.S. Department of Energy selected Oklo’s Groves 2 Forge isotope-production facility for advancement under its Nuclear Energy Launch Pad initiative. The project could expand Oklo’s business into medical and other high-value isotopes, providing a potential revenue stream beyond electricity generation. Oklo Advances Isotope Production Facility Under DOE Nuclear Initiative
- Positive Sentiment: Progress on reactor milestones, critical-material procurement and laboratory capabilities supports Oklo’s isotope strategy. Separately, long-term nuclear power agreements being pursued with major technology companies, including Meta, remain potential commercial catalysts. Oklo Selected by DOE to Build Groves 2 Forge
- Neutral Sentiment: Google’s renewed commitment to nuclear power through agreements involving Constellation Energy highlights improving industry demand, although the deals focus on established or separately developed reactors and do not directly secure near-term revenue for Oklo. Google Signed a Deal for Existing Reactors
- Negative Sentiment: Oklo launched another stock sale of up to approximately $1 billion. While the offering can strengthen its cash position, issuing shares at a lower price increases dilution risk for existing shareholders and reinforces concerns about the company’s substantial future funding needs. Oklo Launched Another $1 Billion Stock Sale
- Negative Sentiment: Rising long-term Treasury yields have pressured nuclear and other long-duration growth stocks because higher rates reduce the present value of distant cash flows. Oklo’s early-stage projects are particularly sensitive to this shift. Nuclear Stocks Face Pressure as Treasury Yields Rise
- Negative Sentiment: Insiders reported small, planned sales to cover tax withholding on vested equity awards. Alexandra Renner sold 688 shares, while General Counsel Vivek Narayanadas sold 364 shares under a Rule 10b5-1 plan; these transactions are modest but add to negative headline sentiment. Oklo Insider Filing
Institutional Trading of Oklo
A number of hedge funds have recently added to or reduced their stakes in OKLO. Bank of America Corp DE grew its stake in shares of Oklo by 55.3% during the first quarter. Bank of America Corp DE now owns 620,281 shares of the company's stock worth $30,760,000 after buying an additional 220,976 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Oklo by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 516,886 shares of the company's stock worth $25,632,000 after buying an additional 5,945 shares in the last quarter. Swiss National Bank lifted its stake in shares of Oklo by 7.1% in the 1st quarter. Swiss National Bank now owns 324,900 shares of the company's stock valued at $16,112,000 after acquiring an additional 21,400 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Oklo by 427.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 171,128 shares of the company's stock valued at $12,280,000 after acquiring an additional 138,659 shares during the last quarter. Finally, Amundi lifted its stake in shares of Oklo by 59.0% in the 1st quarter. Amundi now owns 164,824 shares of the company's stock valued at $8,174,000 after acquiring an additional 61,161 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on OKLO. Truist Financial set a $51.00 price objective on Oklo in a research report on Monday, September 28th. Guggenheim initiated coverage on Oklo in a research note on Thursday, June 25th. They issued a "neutral" rating on the stock. Canaccord Genuity Group decreased their target price on Oklo from $125.00 to $100.00 and set a "buy" rating on the stock in a research report on Monday, August 10th. Piper Sandler reissued an "overweight" rating on shares of Oklo in a research note on Thursday, October 1st. Finally, HC Wainwright reissued a "buy" rating and set a $90.00 target price on shares of Oklo in a research note on Monday, August 10th. 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.com, Oklo presently has an average rating of "Moderate Buy" and an average price target of $82.44.
Read Our Latest Stock Analysis on Oklo
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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