Truist Financial Cuts Oklo (NYSE:OKLO) Price Target to $51.00

Oklo (NYSE:OKLO) had its target price lowered by Truist Financial from $55.00 to $51.00 in a research note issued to investors on Monday,Benzinga reports. Truist Financial currently has a hold rating on the stock.

Other equities analysts have also recently issued reports about the stock. Canaccord Genuity Group cut their target price on shares of Oklo from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Monday. Guggenheim assumed coverage on shares of Oklo in a research note on Thursday, June 25th. They issued a “neutral” rating on the stock. UBS Group dropped their price objective on shares of Oklo from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, June 11th. Weiss Ratings upgraded Oklo from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $90.00 target price on shares of Oklo in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.03.

Oklo Trading Down 4.0%

NYSE OKLO opened at $45.11 on Monday. The stock’s 50 day moving average is $49.50 and its 200 day moving average is $59.39. Oklo has a 12 month low of $36.61 and a 12 month high of $193.84. The stock has a market cap of $8.39 billion, a PE ratio of -47.99 and a beta of 1.17.

Oklo (NYSE:OKLO) last announced 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 business had revenue of $1.21 million for the quarter, compared to analyst estimates of $0.09 million. Oklo’s quarterly revenue was up 11900.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.18) earnings per share. On average, analysts forecast that Oklo will post -0.85 EPS for the current fiscal year.

Insider Transactions at Oklo

In other news, insider William Carroll Murphy Goodwin sold 10,548 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $58.04, for a total value of $612,205.92. Following the sale, the insider directly owned 36,175 shares in the company, valued at $2,099,597. The trade was a 22.58% decrease in their position. The transaction was disclosed in a filing 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. Also, CEO Jacob Dewitte sold 60,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $52.80, for a total transaction of $3,168,000.00. Following the sale, the chief executive officer owned 511,533 shares in the company, valued at $27,008,942.40. This represents a 10.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 483,629 shares of company stock worth $29,855,608 in the last three months. Insiders own 12.70% of the company’s stock.

Institutional Investors Weigh In On Oklo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. grew its position in shares of Oklo by 344.6% during the 1st quarter. Sei Investments Co. now owns 50,096 shares of the company’s stock worth $2,484,000 after buying an additional 38,829 shares in the last quarter. DNB Asset Management AS increased its stake in shares of Oklo by 151.7% during the fourth quarter. DNB Asset Management AS now owns 28,625 shares of the company’s stock valued at $2,054,000 after buying an additional 17,253 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Oklo by 109.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 345,237 shares of the company’s stock valued at $24,774,000 after acquiring an additional 180,377 shares in the last quarter. Prakash Investment Advisors LLC bought a new stake in shares of Oklo in the fourth quarter valued at about $1,246,000. Finally, M&T Bank Corp lifted its stake in Oklo by 740.6% in the fourth quarter. M&T Bank Corp now owns 22,638 shares of the company’s stock worth $1,625,000 after acquiring an additional 19,945 shares during the period. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Key Oklo News

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo reported its first quarterly revenue of $1.21 million, while achieving first criticality at its Groves low-power test reactor in Texas. These developments provide evidence that the company is moving beyond a purely speculative, pre-revenue story. Why Oklo Is Up After First Criticality and Initial Reactor Sales
• Positive Sentiment: Management is targeting growth across isotope, fuel and small modular reactor businesses through 2028, and its roughly $3 billion liquidity position could help fund development while reducing near-term financing and dilution concerns. Oklo’s Revenue Transition Gives Bulls a New Reason to Watch
• Positive Sentiment: HC Wainwright maintained a Buy rating and a $90 price target, indicating substantial potential upside if Oklo executes on its reactor and fuel commercialization plans. Oklo Earns Buy Rating from HC Wainwright
• Neutral Sentiment: Other analysts remain cautious: Truist issued a Hold rating and Citi maintained its Hold view. The mixed ratings reflect uncertainty over the timing and economics of Oklo’s future reactor projects. Oklo Gets a Hold from Truist Financial
• Negative Sentiment: Despite the revenue milestone, Oklo posted a $48.54 million quarterly net loss and a $0.28 per-share loss, worse than the $0.16 loss analysts expected. The widening losses are limiting the positive impact of its initial sales. Oklo Shares Down Following Weak Earnings
• Negative Sentiment: HC Wainwright sharply reduced its EPS forecasts for 2026 through 2029 and lowered its 2030 estimate to $1.46 from $2.20. The revisions signal expectations for higher expenses or slower commercialization, even though the firm kept its Buy rating. HC Wainwright Earnings Estimate Revisions
• Negative Sentiment: CEO Jacob DeWitte’s sale of 120,000 shares for approximately $4.9 million may add to investor concern, although he reportedly retained nearly 472,000 shares directly. Oklo CEO Share Sale

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.