Oklo (NYSE:OKLO) Insider Sells $27,618.14 in Stock

Oklo Inc. (NYSE:OKLO) insider John Hanson sold 1,034 shares of the business’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $26.71, for a total transaction of $27,618.14. Following the sale, the insider directly owned 361,277 shares in the company, valued at $9,649,708.67. This trade represents a 0.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

John Hanson also recently made the following trade(s):

• On Monday, September 28th, John Hanson sold 1,100 shares of Oklo stock. The shares were sold at an average price of $37.39, for a total value of $41,129.00.
• On Monday, August 24th, John Hanson sold 539 shares of Oklo stock. The shares were sold at an average price of $39.77, for a total value of $21,436.03.

Oklo Price Performance

Shares of OKLO stock opened at $22.04 on Thursday. The stock has a market cap of $4.10 billion, a P/E ratio of -23.45 and a beta of 1.31. The company has a fifty day moving average price of $34.38 and a two-hundred day moving average price of $53.06. Oklo Inc. has a one year low of $21.65 and a one year high of $123.44.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on OKLO. Citigroup lowered their price target on Oklo from $57.50 to $33.00 and set a “neutral” rating for the company in a report on Wednesday, October 21st. B. Riley Financial cut their price target on shares of Oklo from $92.00 to $61.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Piper Sandler lowered their price target on shares of Oklo from $55.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Truist Financial lowered their target price on shares of Oklo from $51.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, October 22nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Oklo in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.72.

Institutional Investors Weigh In On Oklo

A number of institutional investors and hedge funds have recently made changes to their positions in OKLO. United Capital Management of KS Inc. purchased a new stake in shares of Oklo in the third quarter worth approximately $9,406,000. AlphaCore Capital LLC bought a new stake in shares of Oklo during the 3rd quarter worth $435,000. Midwest Capital Advisors LLC bought a new stake in Oklo in the third quarter worth about $67,000. Fulcrum Asset Management LLP grew its holdings in Oklo by 1,733.4% during the third quarter. Fulcrum Asset Management LLP now owns 17,821 shares of the company’s stock valued at $661,000 after purchasing an additional 16,849 shares during the period. Finally, StoneX Group Inc. grew its stake in shares of Oklo by 473.7% during the 3rd quarter. StoneX Group Inc. now owns 20,692 shares of the company’s stock worth $801,000 after acquiring an additional 17,085 shares during the period. Institutional investors and hedge funds own 85.03% of the company’s stock.

More 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

About Oklo

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.