Oklo (NYSE:OKLO) Shares Down 7.4% – Time to Sell?

Oklo Inc. (NYSE:OKLO)’s share price was down 7.4% on Friday . The stock traded as low as $61.73 and last traded at $62.26. Approximately 11,750,105 shares traded hands during trading, an increase of 0% from the average daily volume of 11,731,169 shares. The stock had previously closed at $67.21.

Key Headlines Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: HC Wainwright raised its earnings estimates for Oklo across multiple periods and reiterated a Buy rating with a $90 price target, signaling improved expectations for the company’s loss trajectory and future operating outlook. Source article
• Positive Sentiment: Analysts and market commentary continue to point to Oklo’s regulatory progress, including NRC approval of its Principal Design Criteria topical report, which helps de-risk its Aurora powerhouse program and supports the bullish long-term SMR thesis. Source article
• Positive Sentiment: Several recent articles emphasized Oklo’s AI and nuclear commercialization potential, including its partnership with Idaho National Laboratory to use AI tools to accelerate reactor and fuel-system design, reinforcing the growth narrative. Source article
• Neutral Sentiment: Media coverage highlighting Oklo as a “must-watch” nuclear stock and broader bullish themes around decentralized power and data-center energy demand added attention, but did not materially change the company’s near-term fundamentals. Source article
• Negative Sentiment: Investors remain focused on ongoing losses and cash burn after Oklo’s wider-than-expected quarterly loss, and a new $1 billion at-the-market equity offering raised dilution concerns, which weighed on sentiment. Source article

Analysts Set New Price Targets

A number of equities analysts recently commented on OKLO shares. Tigress Financial started coverage on shares of Oklo in a research note on Monday, April 27th. They issued a “buy” rating and a $130.00 price objective for the company. B. Riley Financial reduced their price objective on shares of Oklo from $129.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. The Goldman Sachs Group reduced their price objective on shares of Oklo from $91.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. JPMorgan Chase & Co. started coverage on shares of Oklo in a research note on Monday, May 11th. They issued a “neutral” rating and a $83.00 price objective for the company. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $122.00 price objective on shares of Oklo in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.33.

Oklo Stock Down 7.4%

The company has a market cap of $10.83 billion, a P/E ratio of -74.12 and a beta of 1.16. The business’s 50 day moving average is $60.92 and its 200 day moving average is $79.08.

Oklo (NYSE:OKLO) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. During the same quarter in the prior year, the company posted ($0.07) earnings per share. As a group, equities research analysts forecast that Oklo Inc. will post -0.77 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Richard Craig Bealmear sold 72,090 shares of the company’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $60.00, for a total transaction of $4,325,400.00. Following the transaction, the chief financial officer directly owned 386,008 shares of the company’s stock, valued at approximately $23,160,480. This represents a 15.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jacob Dewitte sold 140,000 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $50.39, for a total value of $7,054,600.00. Following the transaction, the chief executive officer directly owned 656,483 shares in the company, valued at approximately $33,080,178.37. The trade was a 17.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 809,040 shares of company stock worth $49,162,094. Insiders own 18.90% of the company’s stock.

Hedge Funds Weigh In On Oklo

Large investors have recently made changes to their positions in the business. Gables Capital Management Inc. acquired a new position in shares of Oklo during the third quarter worth $28,000. Nemes Rush Group LLC acquired a new position in shares of Oklo during the third quarter worth $28,000. CI Investments Inc. increased its position in shares of Oklo by 153.0% during the third quarter. CI Investments Inc. now owns 296 shares of the company’s stock worth $33,000 after purchasing an additional 179 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Oklo during the third quarter worth $33,000. Finally, Comprehensive Financial Planning Inc. PA increased its position in shares of Oklo by 950.0% during the third quarter. Comprehensive Financial Planning Inc. PA now owns 315 shares of the company’s stock worth $35,000 after purchasing an additional 285 shares in the last quarter. 85.03% of the stock is owned by institutional investors and hedge funds.

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.