Oklo (NYSE:OKLO) CFO Richard Craig Bealmear Sells 16,727 Shares of Stock

Oklo Inc. (NYSE:OKLO) CFO Richard Bealmear sold 16,727 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $25.55, for a total value of $427,374.85. Following the completion of the sale, the chief financial officer directly owned 467,261 shares of the company’s stock, valued at approximately $11,938,518.55. This represents a 3.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Richard Craig Bealmear also recently made the following trade(s):

• On Tuesday, September 1st, Richard Bealmear sold 16,430 shares of Oklo stock. The stock was sold at an average price of $38.76, for a total value of $636,826.80.

Oklo Stock Down 6.2%

OKLO opened at $22.04 on Thursday. Oklo Inc. has a 52-week low of $21.65 and a 52-week high of $123.44. The company has a market cap of $4.10 billion, a P/E ratio of -23.45 and a beta of 1.31. The firm’s 50-day moving average price is $34.38 and its 200-day moving average price is $53.06.

Oklo (NYSE:OKLO) last announced its quarterly earnings data on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The company had revenue of $1.21 million for the quarter, compared to analysts’ expectations of $0.09 million. During the same period in the prior year, the firm earned ($0.18) earnings per share. The firm’s revenue was up 11900.0% compared to the same quarter last year. On average, research analysts anticipate that Oklo Inc. will post -1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on OKLO. Truist Financial dropped their price objective on shares of Oklo from $51.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, October 22nd. TD Cowen initiated coverage on Oklo in a research report on Monday, October 26th. They issued a “hold” rating and a $26.00 target price on the stock. Barclays reduced their target price on Oklo from $76.00 to $59.00 and set an “overweight” rating for the company in a research note on Tuesday, October 20th. HC Wainwright reaffirmed a “buy” rating and set a $90.00 price target on shares of Oklo in a research report on Monday, August 10th. Finally, Wedbush began coverage on Oklo in a research note on Tuesday. They set an “outperform” rating and a $36.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $69.72.

Hedge Funds Weigh In On Oklo

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its holdings in 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 in the last quarter. Bank of New York Mellon Corp increased its holdings in Oklo by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 516,886 shares of the company’s stock valued at $25,632,000 after buying an additional 5,945 shares in the last quarter. Swiss National Bank increased its holdings in Oklo by 7.1% in the first quarter. Swiss National Bank now owns 324,900 shares of the company’s stock valued at $16,112,000 after buying an additional 21,400 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Oklo in the third quarter valued at $11,483,000. Finally, United Capital Management of KS Inc. purchased a new position in Oklo in the third quarter valued at $9,406,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Key Oklo News

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Wedbush initiated coverage with an Outperform rating and a $36 price target, implying potential upside from the share price cited in the report. However, the firm had cut its target substantially from $110. Wedbush cuts Oklo price target
• Neutral Sentiment: CEO Jacob DeWitte and CFO Richard Bealmear reported stock sales made under pre-arranged Rule 10b5-1 plans. The sales may draw investor attention, though the scheduled nature provides context. CEO SEC filing CFO SEC filing
• Negative Sentiment: Markets reportedly reacted to projections that Democrats would win Congress, raising concerns about a possible slowdown in data-center construction and AI-related power demand. Oklo may be especially exposed because it has very little revenue compared with established contractors. Election concerns weigh on AI power stocks
• Negative Sentiment: Investors also face concerns about rising development costs and prior earnings misses ahead of quarterly results. Oklo’s limited current revenue makes successful project execution and converting reactor progress into commercial sales important to its valuation. Zacks analyst blog

Oklo Company Profile

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.