Oklo (NYSE:OKLO) Stock: Insider Alexandra Renner Sells 1,068 Shares

Oklo Inc. (NYSE:OKLO) insider Alexandra Renner sold 1,068 shares of the stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $26.71, for a total transaction of $28,526.28. Following the completion of the transaction, the insider directly owned 593,750 shares in the company, valued at $15,859,062.50. The trade was a 0.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 Wednesday, October 14th, Alexandra Renner sold 688 shares of Oklo stock. The stock was sold at an average price of $30.75, for a total transaction of $21,156.00.
• On Monday, September 28th, Alexandra Renner sold 1,100 shares of Oklo stock. The stock was sold at an average price of $37.39, for a total transaction of $41,129.00.
• 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 value 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 value of $22,151.89.

Oklo Stock Performance

OKLO stock opened at $23.49 on Wednesday. The company’s 50-day simple moving average is $34.83 and its 200 day simple moving average is $53.41. Oklo Inc. has a 52 week low of $22.93 and a 52 week high of $123.44. The company has a market capitalization of $4.37 billion, a PE ratio of -24.99 and a beta of 1.31.

Oklo (NYSE:OKLO) last announced its earnings results on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate 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. During the same quarter in the previous year, the company earned ($0.18) earnings per share. The company’s revenue for the quarter was up 11900.0% on a year-over-year basis. On average, analysts forecast that Oklo Inc. will post -1.01 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. UBS Group decreased their target price on shares of Oklo from $55.00 to $41.00 and set a “neutral” rating on the stock in a report on Friday, September 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Oklo in a report on Friday, August 7th. Piper Sandler reduced their price target on shares of Oklo from $55.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Truist Financial decreased their price objective on shares of Oklo from $51.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, October 22nd. Finally, Wedbush initiated coverage on shares of Oklo in a research report on Tuesday. They set an “outperform” rating and a $36.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $69.72.

Key Stories Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo has achieved low-power criticality at its Groves site and has billions of dollars in cash to fund development. These milestones support its long-term prospects, though the company still needs to secure licensing and turn its Aurora reactors into a revenue-generating business. Article: Should You Buy Oklo Before Its 2028 Reactor Start-Up?
• Neutral Sentiment: Wedbush initiated coverage with an Outperform rating and a $36 target, implying substantial upside from the quoted share price. However, the firm’s target is down sharply from its previous $110 level, tempering the positive rating. Article: Wedbush Cut Its Oklo Target to $36 From $110. It Still Sees 50% Upside
• Neutral Sentiment: Two insiders sold small amounts of shares to cover tax withholding on vested equity awards; the sales represented less than 0.3% of each insider’s holdings and may be less informative than discretionary selling. Article: Oklo Stock: Insider John Hanson Sells 1,034 Shares
• Negative Sentiment: Valuation and execution risks remain prominent: Oklo has yet to scale its nuclear business and was described as trading at roughly 3,600 times sales. Its reactors also face a lengthy path to licensing, deployment and meaningful revenue, with a start-up discussed for 2028. Article: Why Oklo and Other Growth Stocks Got Crushed
• Negative Sentiment: Investors were also looking ahead to third-quarter earnings, adding uncertainty as they assess expectations for a company still in the development stage. Article: Buy, Sell or Hold OKLO Stock? Key Tips Ahead of Q3 Earnings

Hedge Funds Weigh In On Oklo

Several institutional investors and hedge funds have recently added to or reduced their stakes in OKLO. StoneX Group Inc. grew its holdings in Oklo by 473.7% during the 3rd quarter. StoneX Group Inc. now owns 20,692 shares of the company’s stock worth $801,000 after acquiring an additional 17,085 shares during the last quarter. Alps Advisors Inc. increased its position in Oklo by 51.1% in the 3rd quarter. Alps Advisors Inc. now owns 58,395 shares of the company’s stock valued at $2,162,000 after acquiring an additional 19,745 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Oklo during the third quarter valued at $11,483,000. Pilgrim Partners Asia Pte Ltd raised its stake in shares of Oklo by 66.0% during the third quarter. Pilgrim Partners Asia Pte Ltd now owns 1,660 shares of the company’s stock valued at $61,000 after acquiring an additional 660 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Oklo by 159.5% during the third quarter. International Assets Investment Management LLC now owns 30,000 shares of the company’s stock valued at $1,111,000 after acquiring an additional 18,438 shares during the last quarter. Institutional investors own 85.03% of the company’s stock.

Oklo Company Profile

Oklo Inc is an advanced nuclear technology company developing compact fission power plants designed to provide reliable, carbon-free electricity. Its flagship product, the Aurora powerhouse, is a small modular reactor intended to operate with a high degree of fuel efficiency and to supply power directly to customers such as utilities, industrial facilities, data centers and other energy-intensive operations.

The company is also developing fuel-recycling capabilities intended to convert used nuclear fuel and other material into fuel for advanced reactors.