Oklo (NYSE:OKLO) Trading Up 2.6% – Time to Buy?

Oklo Inc. (NYSE:OKLO)’s stock price shot up 2.6% on Thursday . The stock traded as high as $43.89 and last traded at $42.6650. 9,542,242 shares changed hands during trading, a decline of 16% from the average daily volume of 11,411,586 shares. The stock had previously closed at $41.60.

Trending Headlines about Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo’s planned 1.2-gigawatt reactor for Meta in Ohio provides a significant potential growth catalyst. Pre-construction is expected to begin next year, with construction targeted for 2028, supporting the company’s strategy of supplying power to energy-intensive AI data centers. Oklo’s Meta Deal Calls For a 1.2-Gigawatt Reactor in Ohio
• Positive Sentiment: Recent Department of Energy safety approval, expanded spent-fuel recycling plans in Tennessee and growing interest from AI data-center operators are reshaping Oklo’s investment narrative and could strengthen its long-term commercial prospects. Did AI-Focused Reactors and Fuel Recycling Just Shift Oklo’s Investment Narrative?
• Neutral Sentiment: Westinghouse achieved initial criticality testing for its 5-megawatt eVinci microreactor with U.S. national laboratories. The milestone validates progress in advanced nuclear technology, but Westinghouse is not an Oklo project and may also highlight increasing competition in the microreactor market. Microreactor Criticality Milestones Fuel Nuclear Renaissance
• Negative Sentiment: Oklo posted a second-quarter net loss of $81.6 million while its Aurora Powerhouse remains under development. The lack of established commercial operations leaves the company dependent on future financing, regulatory progress and successful construction execution. 1 Reason I Passed on Oklo Even After Its Big Rally
• Negative Sentiment: Reports of insider selling added to investor caution. General Counsel Vivek Narayanadas sold 223 shares under a pre-arranged Rule 10b5-1 plan to cover tax withholding, making the transaction relatively small but still a negative sentiment signal. SEC Insider Transaction Filing
• Negative Sentiment: Despite strong long-term expectations for nuclear power, Oklo and other small-modular-reactor developers have declined sharply this year as investors reassess high valuations, lengthy development timelines and the distance to meaningful revenue. Why Are Nuclear Stocks Falling?

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. UBS Group decreased their price target on Oklo from $60.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, June 11th. Barclays reduced their price objective on shares of Oklo from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Oklo in a research report on Friday, August 7th. Canaccord Genuity Group decreased their price target on shares of Oklo from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $122.00 price objective on shares of Oklo in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.03.

Oklo Stock Performance

The company has a market cap of $7.46 billion, a PE ratio of -42.68 and a beta of 1.17. The company’s 50 day moving average price is $45.57 and its 200-day moving average price is $56.48.

Oklo (NYSE:OKLO) last issued 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 firm had revenue of $1.21 million during the quarter, compared to analysts’ expectations of $0.09 million. Oklo’s revenue was up 11900.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.18) earnings per share. Equities research analysts expect that Oklo Inc. will post -0.9 EPS for the current year.

Insider Buying and Selling

In other news, General Counsel Vivek Narayanadas sold 3,264 shares of Oklo stock in a transaction on Monday, August 24th. The stock was sold at an average price of $39.77, for a total value of $129,809.28. Following the completion of the transaction, the general counsel directly owned 7,822 shares in the company, valued at approximately $311,080.94. The trade was a 29.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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. Also, CEO Jacob Dewitte sold 60,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $52.80, for a total value of $3,168,000.00. Following the sale, the chief executive officer owned 511,533 shares in the company, valued at approximately $27,008,942.40. The trade was a 10.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 489,256 shares of company stock worth $29,886,911. Insiders own 12.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in shares of Oklo by 162.6% during the first quarter. Royal Bank of Canada now owns 92,850 shares of the company’s stock valued at $2,009,000 after buying an additional 57,497 shares during the period. AQR Capital Management LLC purchased a new position in Oklo during the first quarter valued at approximately $519,000. Millennium Management LLC grew its stake in Oklo by 4,974.1% during the first quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after acquiring an additional 570,532 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Oklo by 165.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,672 shares of the company’s stock worth $339,000 after acquiring an additional 9,772 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Oklo by 90.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 112,772 shares of the company’s stock worth $2,439,000 after acquiring an additional 53,703 shares during the period. Hedge funds and other institutional investors own 85.03% of the company’s stock.

About Oklo

Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.

The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.