Oklo (NYSE:OKLO) Stock Price Down 8.4% – Should You Sell?

Oklo Inc. (NYSE:OKLO) shares traded down 8.4% on Friday . The stock traded as low as $40.15 and last traded at $40.2980. 10,063,505 shares were traded during mid-day trading, a decline of 14% from the average daily volume of 11,673,417 shares. The stock had previously closed at $44.00.

Key Headlines Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo secured DOE startup authorization for its Groves reactor, removing a key regulatory hurdle and advancing the company toward fuel loading, testing, and reactor operations. Oklo Receives U.S. Department of Energy Startup Authorization for Groves Reactor, Clearing Way for Fuel Loading and First Criticality
• Positive Sentiment: Market commentary says Oklo is part of a renewed push for U.S. nuclear development tied to AI power needs and policy support, which could improve investor sentiment around the stock. Oklo Joins Trump’s $200M Nuclear Push for AI. Here’s What It Means for OKLO Stock.
• Neutral Sentiment: Trading desks and commentators noted large call buying and renewed attention on oversold nuclear and AI-related names, which may be supporting near-term speculation in OKLO. The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence
• Negative Sentiment: One analyst note argued that while Oklo’s story has improved, the stock may still be too expensive relative to fundamentals, signaling valuation risk for investors. Oklo: The Story Got Better, But The Stock Still Asks Too Much

Wall Street Analyst Weigh In

OKLO has been the subject of several research analyst reports. Tigress Financial assumed coverage on shares of Oklo in a report on Monday, April 27th. They issued a “buy” rating and a $130.00 price target for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $122.00 price objective on shares of Oklo in a research note on Wednesday, May 13th. Wedbush reiterated an “outperform” rating and set a $110.00 target price on shares of Oklo in a report on Tuesday, May 26th. HSBC initiated coverage on Oklo in a report on Thursday, April 23rd. They set a “buy” rating and a $96.00 target price on the stock. Finally, Barclays lowered their price target on Oklo from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $83.65.

Oklo Trading Down 8.4%

The stock’s 50 day moving average price is $55.90 and its 200 day moving average price is $64.59. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of -47.97 and a beta of 1.14.

Oklo (NYSE:OKLO) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.01. During the same period in the prior year, the firm posted ($0.07) earnings per share. On average, research analysts expect that Oklo Inc. will post -0.74 earnings per share for the current year.

Insider Buying and Selling at Oklo

In other news, insider William Carroll Murphy Goodwin sold 10,548 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $58.04, for a total transaction of $612,205.92. Following the sale, the insider owned 36,175 shares in the company, valued at $2,099,597. This represents a 22.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Richard Craig Bealmear sold 73,081 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $68.42, for a total transaction of $5,000,202.02. Following the completion of the transaction, the chief financial officer directly owned 397,642 shares of the company’s stock, valued at $27,206,665.64. This represents a 15.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 683,629 shares of company stock worth $43,902,208 over the last ninety days. 12.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Oklo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. lifted its stake in Oklo by 75.0% in the fourth quarter. NBC Securities Inc. now owns 350 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the last quarter. Costello Asset Management INC increased its stake in shares of Oklo by 66.7% during the 1st quarter. Costello Asset Management INC now owns 500 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Oklo by 356.2% in the 4th quarter. GAMMA Investing LLC now owns 365 shares of the company’s stock valued at $26,000 after purchasing an additional 285 shares during the period. Gilpin Wealth Management LLC bought a new stake in shares of Oklo in the 4th quarter valued at about $29,000. Finally, SHP Wealth Management bought a new stake in shares of Oklo in the 4th quarter valued at about $32,000. 85.03% of the stock is owned by 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.