Oklo (NYSE:OKLO) Trading 11.4% Higher – Here’s Why

Oklo Inc. (NYSE:OKLO) shares rose 11.4% during mid-day trading on Tuesday . The stock traded as high as $44.85 and last traded at $44.23. 13,814,802 shares were traded during trading, an increase of 21% from the average session volume of 11,377,855 shares. The stock had previously closed at $39.69.

More Oklo News

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Escalating U.S.-Canada trade tensions helped accelerate buying across uranium miners and advanced nuclear developers, benefiting Oklo as part of the broader nuclear-energy trade. Oklo Stock Surges Tuesday on Escalating US-Canada Trade Tensions
• Positive Sentiment: Nuclear stocks rebounded in an oversold move while the broader market was relatively subdued, providing a technical and sentiment-related lift to OKLO. Nuclear Stocks Rebound on an Oversold Bounce
• Positive Sentiment: Investor interest remains focused on Oklo’s potential to supply reliable power to data centers and AI companies. A speculative thesis suggests SpaceX could eventually become a major customer, though no such contract was announced. Prediction: SpaceX’s Power Needs Will Turn It Into Oklo’s Biggest Customer
• Positive Sentiment: Recent coverage highlighted Oklo’s first revenue, reactor-development progress and plans to extract energy from used U.S. nuclear fuel, reinforcing the company’s long-term growth narrative. Oklo’s CEO Says Used Nuclear Fuel in the U.S. Is Worth More Than Saudi Arabia’s Oil Reserves
• Neutral Sentiment: Analysts and commentators remain divided: some see substantial upside from reactor milestones and nuclear demand, while others warn that the sector could leave weaker small modular reactor companies behind. Oklo: The Nuclear Renaissance Could Leave A Trail Of Busted SMR Companies
• Negative Sentiment: Valuation and execution concerns continue to weigh on the story. Recent analyst target reductions, substantial insider selling and Oklo’s quarterly earnings miss underscore risks while the company remains unprofitable and commercial power revenue is expected years away. Oklo Slides as Investors Digest Recent Analyst Cuts and Insider Sale Filing

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $122.00 target price on shares of Oklo in a research note on Wednesday, May 13th. Bank of America started coverage on shares of Oklo in a research report on Friday, May 22nd. They set a “buy” rating and a $80.00 price target on the stock. Guggenheim assumed coverage on shares of Oklo in a report on Thursday, June 25th. They issued a “neutral” rating for the company. Barclays cut their price objective on shares of Oklo from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $110.00 target price on shares of Oklo in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Oklo has a consensus rating of “Moderate Buy” and a consensus price target of $85.03.

Oklo Stock Up 11.4%

The company’s fifty day moving average is $46.98 and its two-hundred day moving average is $57.11. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of -47.05 and a beta of 1.17.

Oklo (NYSE:OKLO) last released 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 business had revenue of $1.21 million for the quarter, compared to the consensus estimate of $0.09 million. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. The company’s quarterly revenue was up 11900.0% compared to the same quarter last year. Sell-side analysts predict that Oklo Inc. will post -0.9 EPS for the current fiscal year.

Insider Transactions at Oklo

In related news, insider William Carroll Murphy Goodwin sold 11,592 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $39.77, for a total transaction of $461,013.84. Following the transaction, the insider owned 45,268 shares of the company’s stock, valued at $1,800,308.36. This trade represents a 20.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Vivek Narayanadas sold 3,264 shares of Oklo stock in a transaction on Monday, August 24th. The shares were sold at an average price of $39.77, for a total transaction of $129,809.28. Following the completion of the transaction, the general counsel owned 7,822 shares in the company, valued at approximately $311,080.94. This trade represents a 29.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders sold a total of 489,033 shares of company stock valued at $29,877,813 over the last quarter. Company insiders own 12.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in OKLO. California State Teachers Retirement System boosted its position in Oklo by 6,518.7% during the second quarter. California State Teachers Retirement System now owns 8,682,908 shares of the company’s stock worth $454,377,000 after purchasing an additional 8,551,720 shares in the last quarter. State Street Corp increased its position in shares of Oklo by 454.5% in the second quarter. State Street Corp now owns 2,138,658 shares of the company’s stock valued at $119,743,000 after buying an additional 1,752,946 shares in the last quarter. Norges Bank acquired a new position in shares of Oklo during the 4th quarter worth $73,786,000. Millennium Management LLC boosted its position in shares of 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 in the last quarter. Finally, Van ECK Associates Corp grew its stake in Oklo by 13.9% in the 4th quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock valued at $283,902,000 after acquiring an additional 481,288 shares during the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.

Oklo Company Profile

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.