Oklo (NYSE:OKLO) Stock: Insider Vivek Narayanadas Sells 2,359 Shares

Oklo Inc. (NYSE:OKLO - Get Free Report) General Counsel Vivek Narayanadas sold 2,359 shares of the firm's stock in a transaction on Monday, October 19th. The stock was sold at an average price of $27.63, for a total value of $65,179.17. Following the completion of the sale, the general counsel directly owned 15,810 shares of the company's stock, valued at $436,830.30. This represents a 12.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

• MarketBeat Week in Review – 08/10 - 08/14

Vivek Narayanadas also recently made the following trade(s):

• On Friday, October 9th, Vivek Narayanadas sold 364 shares of Oklo stock. The shares were sold at an average price of $34.69, for a total value of $12,627.16.
• 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 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 shares were 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 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 Up 0.9%

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Shares of NYSE:OKLO opened at $27.50 on Wednesday. The firm has a market capitalization of $5.12 billion, a PE ratio of -29.25 and a beta of 1.20. Oklo Inc. has a twelve month low of $26.36 and a twelve month high of $154.45. The company has a 50-day moving average price of $38.21 and a two-hundred day moving average price of $50.11.

• Oklo’s Revenue Transition Gives Bulls a New Reason to Watch

Oklo (NYSE:OKLO - Get Free Report) last posted its earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The firm had revenue of $1.21 million for the quarter, compared to analysts' expectations of $0.09 million. During the same period last year, the firm earned ($0.18) EPS. The firm's quarterly revenue was up 11900.0% on a year-over-year basis. Analysts anticipate that Oklo Inc. will post -1.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oklo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new stake in shares of Oklo in the 2nd quarter valued at about $24,532,000. Bank of America Corp DE boosted its position in shares of Oklo by 55.3% during the 1st quarter. Bank of America Corp DE now owns 620,281 shares of the company's stock valued at $30,760,000 after acquiring an additional 220,976 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Oklo by 427.1% during 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. Hsbc Holdings PLC boosted its position in shares of Oklo by 1,184.4% during the 4th quarter. Hsbc Holdings PLC now owns 112,372 shares of the company's stock valued at $8,063,000 after acquiring an additional 103,623 shares during the last quarter. Finally, Amundi grew its holdings in shares of Oklo by 59.0% during the first quarter. Amundi now owns 164,824 shares of the company's stock worth $8,174,000 after purchasing an additional 61,161 shares in the last quarter. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Oklo

• Nano Nuclear’s Air Force Contract Puts Its Short-Squeeze Setup in Focus

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo reported progress on Department of Energy regulatory milestones for its Aurora-INL and Groves projects while continuing to pursue Nuclear Regulatory Commission licensing. These steps could improve the company's ability to develop and commercialize its planned advanced reactors, although they do not yet represent operating revenue or final project approval. OKLO Advances Regulatory Milestones to Support Nuclear Growth
• Positive Sentiment: The company plans to develop an isotope facility under the U.S. Launch Pad initiative. The project could broaden Oklo’s long-term commercial opportunity beyond electricity generation, though the financial impact is likely to be longer term. Oklo plans isotope facility under US Launch Pad initiative
• Neutral Sentiment: Oklo’s general counsel sold 2,359 shares for approximately $65,179. The transaction was conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to vested equity awards, reducing its significance as a discretionary bearish signal. SEC Form 4 filing
• Negative Sentiment: Investor sentiment remains pressured by weakness across the advanced-nuclear group. A Barclays downgrade of NuScale helped pull related nuclear stocks lower, while commentary comparing Oklo with X-Energy suggested Oklo may be relatively expensive based on its long-term growth prospects. NuScale Power Sinks as Barclays Cuts Rating

Analyst Ratings Changes

Several research firms recently commented on OKLO. Guggenheim started coverage on shares of Oklo in a report on Thursday, June 25th. They issued a "neutral" rating for the company. Truist Financial set a $51.00 target price on Oklo in a research report on Monday, September 28th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Oklo in a report on Friday, August 7th. Piper Sandler cut their price target on Oklo from $55.00 to $49.00 and set an "overweight" rating for the company in a report on Monday. Finally, Citigroup reduced their price target on Oklo from $76.00 to $57.50 and set a "neutral" rating for the company in a research report on Monday, August 10th. One investment 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $81.09.

Check Out Our Latest Research Report on Oklo

Oklo Company Profile

(Get Free Report)

Oklo Inc is an advanced nuclear technology company developing compact fission power plants designed to provide reliable, carbon-free electricity. Its flagship product, the Aurora powerhouse, is a small modular reactor intended to operate with a high degree of fuel efficiency and to supply power directly to customers such as utilities, industrial facilities, data centers and other energy-intensive operations.

The company is also developing fuel-recycling capabilities intended to convert used nuclear fuel and other material into fuel for advanced reactors.

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