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

Oklo Inc. (NYSE:OKLO) General Counsel Vivek Narayanadas sold 238 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $42.06, for a total value of $10,010.28. Following the transaction, the general counsel directly owned 8,524 shares in the company, valued at approximately $358,519.44. This trade represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 Wednesday, September 9th, Vivek Narayanadas sold 365 shares of Oklo stock. The shares were sold at an average price of $43.31, for a total value of $15,808.15.
• 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 shares were 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 Stock Down 6.2%

Shares of NYSE:OKLO opened at $39.94 on Friday. Oklo Inc. has a twelve month low of $36.61 and a twelve month high of $193.84. The stock’s 50 day moving average is $43.29 and its 200-day moving average is $54.72. The firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of -42.49 and a beta of 1.18.

Oklo (NYSE:OKLO) last announced its quarterly earnings results on Friday, August 7th. The company reported ($0.28) 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. During the same period in the previous year, the business earned ($0.18) EPS. The company’s quarterly revenue was up 11900.0% compared to the same quarter last year. Equities research analysts anticipate that Oklo Inc. will post -0.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oklo

Several hedge funds have recently modified their holdings of the company. Sei Investments Co. increased 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 valued at $2,484,000 after purchasing an additional 38,829 shares during the last quarter. DNB Asset Management AS raised its stake in shares of Oklo by 151.7% in 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. Bank of America Corp DE raised its stake in Oklo by 55.3% in the 1st quarter. Bank of America Corp DE now owns 620,281 shares of the company’s stock valued at $30,760,000 after acquiring an additional 220,976 shares during the period. Handelsbanken Fonder AB purchased a new position in shares of Oklo in the fourth quarter worth about $2,555,000. Finally, Intech Investment Management LLC grew its stake in Oklo by 82.8% in the 4th quarter. Intech Investment Management LLC now owns 46,717 shares of the company’s stock valued at $3,352,000 after buying an additional 21,157 shares in the last quarter. Institutional investors own 85.03% of the company’s stock.

Oklo News Summary

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Piper Sandler starts coverage with a Buy: The analyst’s $55 target provides a near-term bullish catalyst and reflects confidence in Oklo’s advanced-reactor opportunity. Piper Sandler Initiates a Buy Rating on Oklo
• Positive Sentiment: Analyst targets remain well above the market: Another report cited an average Oklo price target of approximately $85.03, suggesting analysts still see substantial long-term upside if the company can execute its reactor-development plans. Analysts Set Oklo Price Target at $85.03
• Neutral Sentiment: Insider selling was tied to taxes: General Counsel Vivek Narayanadas sold 365 shares for about $15,808, following other recent sales. The transactions were made under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards, reducing their significance as a bearish signal. SEC Form 4 Filing
• Negative Sentiment: Sector-wide selling overwhelmed the upgrade: Investors sold advanced nuclear stocks after Piper Sandler issued divided ratings across the group, causing Oklo and peers to decline together. Nuclear Stocks Slide as Piper Sandler Splits the Sector
• Negative Sentiment: Execution and valuation concerns persist: Commentary highlighted Oklo’s uncommercialized reactor fleet, future financing needs, licensing hurdles and continuing losses. The latest quarterly loss also exceeded analyst expectations, keeping the stock highly dependent on successful long-term execution. Four Reasons to Sell OKLO Stock

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on OKLO shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Oklo in a research report on Friday, August 7th. Canaccord Genuity Group cut their price target on Oklo from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Royal Bank Of Canada set a $80.00 price objective on Oklo in a report on Friday, May 22nd. UBS Group lowered their price objective on Oklo from $60.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, June 11th. Finally, Guggenheim assumed coverage on Oklo in a report on Thursday, June 25th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $83.26.

About Oklo

Oklo Inc is an advanced nuclear technology company focused on developing and commercializing small-scale fission power plants. The company’s flagship product, the Aurora powerhouse, is designed to provide reliable, long-term electricity and heat using advanced nuclear reactor technology. Oklo is targeting applications such as industrial operations, data centers, defense facilities and other customers that require dependable, low-carbon energy.

Oklo is also developing fuel-recycling capabilities intended to use certain forms of nuclear fuel more efficiently and reduce the volume of nuclear waste requiring disposal.