Insider Selling: Oklo (NYSE:OKLO) General Counsel Sells 365 Shares of Stock

Oklo Inc. (NYSE:OKLO) General Counsel Vivek Narayanadas sold 365 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $43.31, for a total transaction of $15,808.15. Following the completion of the transaction, the general counsel owned 8,159 shares of the company’s stock, valued at $353,366.29. This represents a 4.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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.

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

• 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 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 shares were 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

Oklo stock traded down $2.63 during midday trading on Thursday, hitting $39.94. 10,632,652 shares of the company’s stock were exchanged, compared to its average volume of 11,279,443. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of -42.49 and a beta of 1.18. Oklo Inc. has a 12-month low of $36.61 and a 12-month high of $193.84. The firm’s 50 day simple moving average is $43.54 and its 200 day simple moving average is $54.89.

Oklo (NYSE:OKLO) last announced 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 analyst estimates of $0.09 million. During the same period last year, the business earned ($0.18) EPS. The business’s revenue for the quarter was up 11900.0% on a year-over-year basis. On average, equities research analysts forecast that Oklo Inc. will post -0.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wedbush reissued an “outperform” rating and issued a $110.00 target price on shares of Oklo in a report on Tuesday, May 26th. Bank of America initiated coverage on shares of Oklo in a research report on Friday, May 22nd. They issued a “buy” rating and a $80.00 price objective on the stock. Citigroup dropped their price objective on shares of Oklo from $76.00 to $57.50 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Royal Bank Of Canada set a $80.00 price target on shares of Oklo in a research note on Friday, May 22nd. Finally, UBS Group cut their price target on shares of Oklo from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $83.26.

Institutional Trading of Oklo

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

Oklo News Summary

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Piper Sandler initiated coverage with an Overweight rating and a $55 price target, implying potential upside from recent trading levels and providing some support for Oklo’s long-term investment case. However, the target is below the broader Wall Street average of about $85.03. Piper Sandler initiates coverage on Oklo
• Positive Sentiment: Long-term demand remains a potential catalyst: Oklo could benefit from data-center and hyperscaler demand for reliable, carbon-free electricity, while its strategy may eventually extend into the nuclear fuel cycle. These are prospective opportunities rather than near-term revenue drivers. Nuclear stocks slide after Piper Sandler rating action
• Neutral Sentiment: Insider selling was disclosed, with General Counsel Vivek Narayanadas selling shares under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards. The transactions reduce their bearish significance, although the repeated sales may add to investor caution. Oklo SEC Form 4 filing
• Negative Sentiment: Sector-wide selling is pressuring OKLO. Oklo, NuScale Power and X-Energy all moved lower after Piper Sandler’s split rating action, suggesting investors are reducing exposure to speculative advanced-nuclear stocks rather than reacting to a company-specific announcement. Advanced nuclear stocks decline
• Negative Sentiment: Execution and valuation concerns remain significant. Oklo has not deployed a commercial reactor, has limited revenue and remains unprofitable. Investors are weighing licensing, construction schedules, capital needs and customer adoption risks, making the stock difficult to value. Its latest quarterly loss also exceeded analyst expectations. Reasons investors may sell Oklo stock

Oklo Company Profile

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.