Insider Selling: Oklo (NYSE:OKLO) Insider Sells $74,112.00 in Stock

Oklo Inc. (NYSE:OKLO) insider Alexandra Renner sold 1,930 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $38.40, for a total transaction of $74,112.00. Following the completion of the transaction, the insider owned 475,022 shares in the company, valued at approximately $18,240,844.80. This represents a 0.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Alexandra Renner also recently made the following trade(s):

• On Monday, August 24th, Alexandra Renner sold 557 shares of Oklo stock. The shares were sold at an average price of $39.77, for a total transaction of $22,151.89.

Oklo Stock Up 3.5%

Oklo stock opened at $41.24 on Friday. The company’s fifty day simple moving average is $44.16 and its 200-day simple moving average is $55.50. Oklo Inc. has a 12 month low of $36.61 and a 12 month high of $193.84. The stock has a market cap of $7.67 billion, a P/E ratio of -43.87 and a beta of 1.18.

Oklo (NYSE:OKLO) last posted its quarterly earnings results 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 firm had revenue of $1.21 million for the quarter, compared to analyst estimates of $0.09 million. The company’s revenue was up 11900.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.18) earnings per share. On average, equities research analysts expect that Oklo Inc. will post -0.9 earnings per share for the current fiscal year.

Institutional Trading of Oklo

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Oklo by 6.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,800 shares of the company’s stock valued at $313,000 after acquiring an additional 174 shares during the last quarter. Citizens Financial Group Inc. RI boosted its position in Oklo by 1.0% during the first quarter. Citizens Financial Group Inc. RI now owns 18,704 shares of the company’s stock worth $928,000 after purchasing an additional 182 shares during the period. The Manufacturers Life Insurance Company boosted its position in Oklo by 0.3% during the first quarter. The Manufacturers Life Insurance Company now owns 70,433 shares of the company’s stock worth $3,493,000 after purchasing an additional 183 shares during the period. Triton Wealth Management PLLC grew its holdings in Oklo by 1.3% during the first quarter. Triton Wealth Management PLLC now owns 14,760 shares of the company’s stock valued at $734,000 after purchasing an additional 191 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its holdings in Oklo by 0.5% during the fourth quarter. Kestra Advisory Services LLC now owns 41,689 shares of the company’s stock valued at $2,992,000 after purchasing an additional 197 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo News Summary

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: A comparison of small modular reactor stocks favors Oklo over NuScale Power because Oklo could capture a larger future revenue opportunity as data centers drive demand for reliable electricity. The bullish case depends on successful project execution and regulatory progress. Better Small Modular Reactor Stock to Buy After the Sell-Off: Oklo vs. NuScale Power
• Positive Sentiment: Analysis that Oklo’s “AI power” opportunity is becoming more tangible reinforces the long-term growth thesis that advanced nuclear reactors could help meet rapidly rising data-center electricity demand. Oklo: The AI Power Trade Is Getting More Tangible
• Neutral Sentiment: Investor comparisons between Oklo and NuScale emphasize that the better investment may depend on how quickly AI companies adopt nuclear power. This highlights substantial potential but also significant uncertainty around customer demand, commercialization timelines and regulation. Nuclear Stock Face-Off: Is NuScale Power or Oklo the Better Buy Right Now?
• Neutral Sentiment: Holtec Nuclear’s planned IPO could bring additional capital and attention to the nuclear and SMR industries. However, its existing revenue base may provide investors with a more established alternative to Oklo. Holtec Nuclear IPO: A New Bet on the Nuclear Power Sector
• Negative Sentiment: Chief People Officer Alexandra Renner sold 1,930 shares worth about $74,000 to cover tax withholding after equity awards vested. The transaction reduced her holdings by only 0.4%, making it a limited bearish signal. Oklo insider sale
• Negative Sentiment: CFO Richard Bealmear sold 16,430 shares valued at approximately $637,000 under a pre-arranged Rule 10b5-1 trading plan. Planned selling reduces its signaling value, but adds to near-term investor caution. Oklo insider trading report
• Negative Sentiment: OKLO has been identified as one of the utilities sector’s most heavily shorted stocks, signaling substantial bearish positioning and the possibility of continued volatility. OKLO short interest

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on OKLO. Truist Financial cut their price target on Oklo from $55.00 to $51.00 and set a “hold” rating for the company in a research note on Monday, August 10th. Bank of America began coverage on Oklo in a report on Friday, May 22nd. They issued a “buy” rating and a $80.00 price objective on the stock. Royal Bank Of Canada set a $80.00 price objective on shares of Oklo in a research report on Friday, May 22nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $122.00 target price on shares of Oklo in a research note on Wednesday, May 13th. Finally, Wolfe Research initiated coverage on shares of Oklo in a research report on Tuesday, May 19th. They issued a “peer perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $85.03.

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.