Oklo (NYSE:OKLO) Insider Sells $41,129.00 in Stock

Oklo Inc. (NYSE:OKLO) insider Alexandra Renner sold 1,100 shares of the business’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $37.39, for a total transaction of $41,129.00. Following the completion of the sale, the insider directly owned 477,595 shares in the company, valued at approximately $17,857,277.05. This represents a 0.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 Tuesday, September 1st, Alexandra Renner sold 1,930 shares of Oklo stock. The stock was sold at an average price of $38.40, for a total transaction of $74,112.00.
• 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 Trading Down 2.3%

Shares of OKLO stock opened at $36.15 on Friday. The firm’s fifty day moving average price is $40.74 and its two-hundred day moving average price is $52.05. Oklo Inc. has a 1 year low of $34.38 and a 1 year high of $193.84. The firm has a market capitalization of $6.72 billion, a P/E ratio of -38.46 and a beta of 1.20.

Oklo (NYSE:OKLO) last posted its quarterly earnings data on Friday, August 7th. The company reported ($0.28) EPS 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 the consensus estimate of $0.09 million. Oklo’s revenue was up 11900.0% on a year-over-year basis. During the same period last year, the company posted ($0.18) EPS. As a group, equities research analysts forecast that Oklo Inc. will post -0.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. HC Wainwright restated a “buy” rating and issued a $90.00 price target on shares of Oklo in a research note on Monday, August 10th. UBS Group cut their price objective on Oklo from $55.00 to $41.00 and set a “neutral” rating for the company in a report on Friday, September 25th. Citigroup decreased their target price on shares of Oklo from $76.00 to $57.50 and set a “neutral” rating for the company in a research note on Monday, August 10th. Canaccord Genuity Group dropped their price target on shares of Oklo from $125.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Finally, Barclays cut their price target on shares of Oklo from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Oklo presently has an average rating of “Moderate Buy” and an average price target of $82.44.

Trending Headlines about Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo’s proposed Oak Ridge fuel-recycling project could expand the company beyond selling electricity from its Aurora reactors. Converting spent nuclear fuel into reusable reactor material may create a new commercial opportunity, improve fuel efficiency and support a broader scalable business if the technology and regulatory approvals are achieved. Can OKLO Turn Used Nuclear Fuel Into a Scalable Business?
• Positive Sentiment: Broader investor interest in nuclear power remains a supportive backdrop as data-center electricity demand and grid constraints drive interest in long-term nuclear contracts. Oklo is viewed as a speculative way to participate in that trend, although commercial deployment remains ahead. 3 Nuclear Power Stocks Worth Owning as the AI Power Crunch Builds
• Neutral Sentiment: Analyst sentiment remains mixed but leans positive, with Oklo receiving a “Moderate Buy” consensus. However, comparisons with newly public X-Energy and Nano Nuclear highlight that Oklo competes in a group characterized by heavy cash consumption, unproven technology and uncertain commercialization timelines. Oklo Stock Rated Moderate Buy
• Negative Sentiment: Investors are focused on a reported 26% increase in Oklo’s share count, which raises dilution concerns and reduces each existing shareholder’s ownership percentage. The company is also unprofitable and recently missed the quarterly EPS consensus estimate, increasing sensitivity to financing and valuation risks. Why Investors Need to Look at Oklo’s 26% Share Count Jump
• Negative Sentiment: Several insiders, including John Hanson, Alexandra Renner and William Carroll Murphy Goodwin, sold small amounts of stock to cover tax withholding from vested equity awards. The transactions were modest, but they add to near-term selling pressure and investor scrutiny. Oklo Insider Stock Sale

Hedge Funds Weigh In On Oklo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OKLO. Van ECK Associates Corp increased its holdings in shares of Oklo by 13.9% in the fourth quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock valued at $283,902,000 after purchasing an additional 481,288 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Oklo by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company’s stock valued at $201,671,000 after purchasing an additional 185,265 shares during the period. Norges Bank acquired a new stake in shares of Oklo during the 4th quarter worth about $73,786,000. Clear Street Group Inc. lifted its stake in shares of Oklo by 110.5% during the 4th quarter. Clear Street Group Inc. now owns 842,172 shares of the company’s stock worth $60,434,000 after buying an additional 442,172 shares during the last quarter. Finally, Capital World Investors boosted its holdings in shares of Oklo by 5.2% during the 4th quarter. Capital World Investors now owns 505,938 shares of the company’s stock worth $36,306,000 after buying an additional 24,923 shares during the period. 85.03% of the stock is owned by institutional investors.

About Oklo

Oklo Inc is an advanced fission technology company developing compact nuclear power plants designed to provide reliable, carbon-free electricity. Its flagship Aurora powerhouse is a small-scale fission system intended to operate for extended periods and supply power directly to industrial, commercial, and other large energy users.

The company is also developing fuel-recycling capabilities to support the use of recovered nuclear fuel in advanced reactors. Oklo has pursued partnerships and regulatory work in the United States, including activities associated with the Idaho National Laboratory, and is initially focused on serving U.S.