Oklo (NYSE:OKLO) Stock Price Down 5.3% – Should You Sell?

Oklo Inc. (NYSE:OKLO) shares were down 5.3% during trading on Thursday. The company traded as low as $23.81 and last traded at $24.4870. Approximately 8,461,899 shares traded hands during trading, a decline of 24% from the average session volume of 11,138,763 shares. The stock had previously closed at $25.86.

Key Oklo News

These are some of the OKLO news items that stood out recently:

• Positive Sentiment: Oklo signed multi-year contracts with Centrus Energy for high-assay low-enriched uranium (HALEU), with prepayments intended to support additional U.S. enrichment capacity. Securing fuel supply is an important step toward developing its planned Ohio campus, though the contracts require upfront funding. Oklo, Centrus Secure Fuel Supply for Aurora Powerhouse Deployment in Ohio
• Positive Sentiment: The Department of Energy cleared Groves-1 for unrestricted operations, allowing research, testing and workforce training. The reactor’s progress may help Oklo build expertise relevant to future projects, although it does not itself establish commercial power production. Oklo’s Groves-1 to Begin Research and Demonstration Phase
• Negative Sentiment: Craig-Hallum lowered its price target to $27 from $53 and maintained a Hold rating, signaling reduced confidence in the near-term valuation despite Oklo’s better-than-expected quarterly results. Craig-Hallum Cuts Oklo Price Target

Analyst Ratings Changes

OKLO has been the subject of a number of research analyst reports. Truist Financial cut their target price on shares of Oklo from $51.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, October 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Oklo in a report on Wednesday, November 4th. Barclays dropped their price target on shares of Oklo from $76.00 to $59.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 20th. Piper Sandler cut their price objective on Oklo from $55.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Finally, UBS Group reduced their price objective on Oklo from $55.00 to $41.00 and set a “neutral” rating for the company in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Oklo presently has an average rating of “Moderate Buy” and a consensus price target of $67.83.

Oklo Stock Down 5.3%

The stock has a market cap of $4.78 billion, a P/E ratio of -25.51 and a beta of 1.31. The firm’s 50-day moving average is $32.73 and its two-hundred day moving average is $51.40.

Oklo (NYSE:OKLO) last posted its earnings results on Friday, November 6th. The company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.05. The business had revenue of $1.86 million during the quarter, compared to the consensus estimate of $1.03 million. During the same period in the prior year, the firm earned ($0.20) earnings per share. Analysts anticipate that Oklo Inc. will post -0.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Oklo news, 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 transaction of $427,374.85. Following the transaction, the chief financial officer directly owned 467,261 shares in the company, valued at $11,938,518.55. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jacob DeWitte sold 40,000 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $24.64, for a total value of $985,600.00. Following the transaction, the chief executive officer owned 351,533 shares in the company, valued at approximately $8,661,773.12. This trade represents a 10.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 350,203 shares of company stock worth $12,424,945 in the last 90 days. 12.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in shares of Oklo by 55.3% in the 1st quarter. Bank of America Corp DE now owns 620,281 shares of the company’s stock valued at $30,760,000 after acquiring an additional 220,976 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Oklo by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 516,886 shares of the company’s stock worth $25,632,000 after purchasing an additional 5,945 shares during the last quarter. Swiss National Bank boosted its position in Oklo by 7.1% during the first quarter. Swiss National Bank now owns 324,900 shares of the company’s stock worth $16,112,000 after purchasing an additional 21,400 shares during the period. Russell Investments Group Ltd. boosted its position in Oklo by 48.5% during the third quarter. Russell Investments Group Ltd. now owns 371,761 shares of the company’s stock worth $13,763,000 after purchasing an additional 121,438 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Oklo during the third quarter valued at approximately $11,483,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Company Profile

Oklo Inc. develops advanced nuclear fission power plants designed to provide reliable, carbon-free electricity. Its Aurora powerhouse concept uses fast-reactor technology and is designed to operate with metallic fuel, including fuel derived from recycled nuclear material. Oklo is developing its technology and has not yet established a commercial operating fleet. The company plans to supply electricity through long-term power agreements rather than relying solely on equipment sales. Its prospective customers include data centers, industrial facilities, and other users seeking dependable power, with its development efforts focused primarily on the United States.