Oklo (NYSE:OKLO) Stock Price Down 4.6% – What’s Next?

Oklo Inc. (NYSE:OKLO) shares fell 4.6% on Thursday . The company traded as low as $91.38 and last traded at $91.55. 11,146,229 shares were traded during trading, a decline of 27% from the average session volume of 15,302,351 shares. The stock had previously closed at $95.97.

Analyst Ratings Changes

OKLO has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oklo in a research note on Wednesday, October 8th. Barclays set a $146.00 price objective on shares of Oklo in a research report on Monday, September 29th. Seaport Res Ptn raised Oklo from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Needham & Company LLC restated a “buy” rating on shares of Oklo in a report on Friday, January 9th. Finally, Zacks Research raised shares of Oklo from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $102.13.

Oklo Stock Up 3.7%

The stock has a 50 day moving average of $91.49 and a 200 day moving average of $94.15. The company has a market capitalization of $14.82 billion, a price-to-earnings ratio of -175.65 and a beta of 0.76.

Oklo (NYSE:OKLO) last released its earnings results on Wednesday, November 12th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same quarter last year, the business earned ($0.08) EPS. As a group, sell-side analysts anticipate that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Transactions at Oklo

In other Oklo news, CEO Jacob Dewitte sold 26,740 shares of Oklo stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $111.38, for a total value of $2,978,301.20. Following the completion of the sale, the chief executive officer directly owned 808,197 shares in the company, valued at approximately $90,016,981.86. The trade was a 3.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Richard Craig Bealmear sold 5,159 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $76.97, for a total value of $397,088.23. Following the completion of the transaction, the chief financial officer directly owned 196,913 shares in the company, valued at approximately $15,156,393.61. This trade represents a 2.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,552,800 shares of company stock valued at $137,543,426. Company insiders own 18.90% of the company’s stock.

Institutional Investors Weigh In On Oklo

Hedge funds have recently added to or reduced their stakes in the company. Plancorp LLC boosted its stake in shares of Oklo by 1.2% in the 3rd quarter. Plancorp LLC now owns 6,089 shares of the company’s stock worth $680,000 after buying an additional 73 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in Oklo by 3.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,622 shares of the company’s stock valued at $293,000 after purchasing an additional 94 shares during the period. Prestige Wealth Management Group LLC grew its stake in Oklo by 1.5% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 7,066 shares of the company’s stock valued at $789,000 after purchasing an additional 101 shares during the period. Meriwether Wealth & Planning LLC increased its position in shares of Oklo by 2.7% during the 4th quarter. Meriwether Wealth & Planning LLC now owns 4,545 shares of the company’s stock valued at $326,000 after purchasing an additional 120 shares during the last quarter. Finally, Rossby Financial LCC raised its stake in shares of Oklo by 75.0% during the 3rd quarter. Rossby Financial LCC now owns 350 shares of the company’s stock worth $41,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 85.03% of the company’s stock.

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.