Oklo (NYSE:OKLO) General Counsel Vivek Narayanadas Sells 238 Shares of Stock

Oklo Inc. (NYSE:OKLO) General Counsel Vivek Narayanadas sold 238 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $42.06, for a total value of $10,010.28. Following the completion of the sale, the general counsel directly owned 8,524 shares of the company’s stock, valued at $358,519.44. The trade was a 2.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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.

Vivek Narayanadas also recently made the following trade(s):

• On Friday, September 4th, Vivek Narayanadas sold 538 shares of Oklo stock. The shares were sold at an average price of $39.88, for a total value of $21,455.44.
• On Tuesday, August 25th, Vivek Narayanadas sold 223 shares of Oklo stock. The stock was sold at an average price of $40.80, for a total value of $9,098.40.
• On Monday, August 24th, Vivek Narayanadas sold 3,264 shares of Oklo stock. The stock was sold at an average price of $39.77, for a total value of $129,809.28.

Oklo Trading Down 1.6%

NYSE:OKLO traded down $0.71 during trading hours on Wednesday, hitting $42.60. The stock had a trading volume of 7,496,915 shares, compared to its average volume of 11,282,127. Oklo Inc. has a 1-year low of $36.61 and a 1-year high of $193.84. The business has a 50 day simple moving average of $43.74 and a two-hundred day simple moving average of $55.07. The company has a market cap of $7.92 billion, a PE ratio of -45.32 and a beta of 1.18.

Oklo (NYSE:OKLO) last posted its quarterly earnings data on Friday, August 7th. The company reported ($0.28) earnings per share (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. The firm’s revenue for the quarter was up 11900.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.18) EPS. Research analysts expect that Oklo Inc. will post -0.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

OKLO has been the topic of several analyst reports. Citigroup dropped their price objective on Oklo from $76.00 to $57.50 and set a “neutral” rating on the stock in a report on Monday, August 10th. UBS Group lowered their price objective on Oklo from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, June 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $122.00 target price on shares of Oklo in a report on Wednesday, May 13th. Royal Bank Of Canada set a $80.00 target price on Oklo in a research report on Friday, May 22nd. Finally, Wedbush reiterated an “outperform” rating and issued a $110.00 price target on shares of Oklo in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $83.26.

Trending Headlines about Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Analyst upside: Despite recent target reductions from some firms, Wall Street’s average target remains well above the current share price. The broader analyst consensus is still “Moderate Buy,” supporting the potential for a recovery if Oklo makes progress on its Aurora reactor and other projects. Oklo Trades at $43. Wall Street’s Average Target Is $75
• Positive Sentiment: Structural nuclear demand: Commentary continues to highlight Oklo as a potential beneficiary of rising electricity demand from artificial-intelligence data centers and hyperscalers seeking reliable, carbon-free power. A recent rebound across small modular reactor and uranium stocks also improved sentiment toward the sector. 3 Small Nuclear Stocks Wall Street Has Not Fully Priced for the AI Power Shortage Yet
• Neutral Sentiment: Fuel-cycle opportunity: Futurum Equities strategist Shay Boloor argued that Oklo’s opportunity may extend beyond reactor deployment into the nuclear fuel cycle. This adds to the long-term story but is not yet a reported contract or material revenue driver. OKLO Stock Rises Premarket
• Neutral Sentiment: Insider transaction: General Counsel Vivek Narayanadas sold 538 shares for about $21,455 under a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to vested equity awards. The relatively small, planned sale is therefore a limited bearish signal. SEC Form 4 Filing
• Negative Sentiment: Valuation and execution concerns: Oklo remains unprofitable, generated only limited revenue, and recently missed quarterly EPS expectations. Investors must still account for licensing, financing, construction and customer-adoption risks. Comparisons with NuScale and other nuclear stocks also emphasize that the sector’s rebound could be a temporary bounce rather than a confirmed turnaround. Forget Oklo: This Nuclear Stock Could Be the Better Buy

Hedge Funds Weigh In On Oklo

A number of large investors have recently bought and sold shares of the business. California State Teachers Retirement System boosted its stake in Oklo by 6,518.7% in the second quarter. California State Teachers Retirement System now owns 8,682,908 shares of the company’s stock valued at $454,377,000 after acquiring an additional 8,551,720 shares during the period. Van ECK Associates Corp raised its position in shares of Oklo by 13.9% during the 4th quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock worth $283,902,000 after purchasing an additional 481,288 shares during the period. State Street Corp lifted its holdings in shares of Oklo by 23.6% in the 4th quarter. State Street Corp now owns 3,060,220 shares of the company’s stock worth $219,601,000 after purchasing an additional 584,184 shares during the last quarter. Geode Capital Management LLC boosted its position in Oklo by 7.0% during the 4th 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. Finally, Charles Schwab Investment Management Inc. boosted its position in Oklo by 8.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,160,278 shares of the company’s stock valued at $83,262,000 after purchasing an additional 90,213 shares during the period. Institutional investors own 85.03% of the company’s stock.

About Oklo

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.