Oklo (NYSE:OKLO) General Counsel Sells $21,455.44 in Stock

Oklo Inc. (NYSE:OKLO) General Counsel Vivek Narayanadas sold 538 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $39.88, for a total transaction of $21,455.44. Following the completion of the transaction, the general counsel owned 8,075 shares of the company’s stock, valued at $322,031. This trade represents a 6.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 Wednesday, September 9th, Vivek Narayanadas sold 365 shares of Oklo stock. The shares were 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 Tuesday, August 25th, Vivek Narayanadas sold 223 shares of Oklo stock. The stock was 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 stock was sold at an average price of $39.77, for a total value of $129,809.28.

Oklo Trading Down 6.2%

OKLO opened at $39.94 on Friday. The stock has a market capitalization of $7.43 billion, a P/E ratio of -42.49 and a beta of 1.18. The stock has a 50-day moving average price of $43.29 and a 200-day moving average price of $54.72. Oklo Inc. has a 12-month low of $36.61 and a 12-month high of $193.84.

Oklo (NYSE:OKLO) last announced its quarterly earnings data 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 company had revenue of $1.21 million during the quarter, compared to the consensus estimate of $0.09 million. The company’s quarterly revenue was up 11900.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.18) earnings per share. On average, equities research analysts predict that Oklo Inc. will post -0.91 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Piper Sandler initiated coverage on shares of Oklo in a research note on Tuesday. They issued an “overweight” rating and a $55.00 price objective for the company. Truist Financial decreased their target price on shares of Oklo from $55.00 to $51.00 and set a “hold” rating on the stock in a research report on Monday, August 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Oklo in a research note on Friday, August 7th. Bank of America began coverage on shares of Oklo in a research report on Friday, May 22nd. They set a “buy” rating and a $80.00 price target for the company. Finally, Wolfe Research began coverage on Oklo in a research note on Tuesday, May 19th. They set a “peer perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Oklo currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.26.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System increased its holdings in Oklo by 6,518.7% during the 2nd quarter. California State Teachers Retirement System now owns 8,682,908 shares of the company’s stock valued at $454,377,000 after purchasing an additional 8,551,720 shares during the period. State Street Corp raised its position in Oklo by 454.5% during the 2nd quarter. State Street Corp now owns 2,138,658 shares of the company’s stock valued at $119,743,000 after purchasing an additional 1,752,946 shares during the last quarter. Norges Bank purchased a new stake in Oklo in the 4th quarter worth approximately $73,786,000. Millennium Management LLC lifted its holdings in Oklo by 4,974.1% in the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock worth $12,589,000 after buying an additional 570,532 shares during the period. Finally, Van ECK Associates Corp grew its position in shares of Oklo by 13.9% in the 4th quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock worth $283,902,000 after buying an additional 481,288 shares during the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.

More Oklo News

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Piper Sandler starts coverage with a Buy: The analyst’s $55 target provides a near-term bullish catalyst and reflects confidence in Oklo’s advanced-reactor opportunity. Piper Sandler Initiates a Buy Rating on Oklo
• Positive Sentiment: Analyst targets remain well above the market: Another report cited an average Oklo price target of approximately $85.03, suggesting analysts still see substantial long-term upside if the company can execute its reactor-development plans. Analysts Set Oklo Price Target at $85.03
• Neutral Sentiment: Insider selling was tied to taxes: General Counsel Vivek Narayanadas sold 365 shares for about $15,808, following other recent sales. The transactions were made under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards, reducing their significance as a bearish signal. SEC Form 4 Filing
• Negative Sentiment: Sector-wide selling overwhelmed the upgrade: Investors sold advanced nuclear stocks after Piper Sandler issued divided ratings across the group, causing Oklo and peers to decline together. Nuclear Stocks Slide as Piper Sandler Splits the Sector
• Negative Sentiment: Execution and valuation concerns persist: Commentary highlighted Oklo’s uncommercialized reactor fleet, future financing needs, licensing hurdles and continuing losses. The latest quarterly loss also exceeded analyst expectations, keeping the stock highly dependent on successful long-term execution. Four Reasons to Sell OKLO Stock

About Oklo

Oklo Inc is an advanced nuclear technology company focused on developing and commercializing small-scale fission power plants. The company’s flagship product, the Aurora powerhouse, is designed to provide reliable, long-term electricity and heat using advanced nuclear reactor technology. Oklo is targeting applications such as industrial operations, data centers, defense facilities and other customers that require dependable, low-carbon energy.

Oklo is also developing fuel-recycling capabilities intended to use certain forms of nuclear fuel more efficiently and reduce the volume of nuclear waste requiring disposal.