Oklo (NYSE:OKLO) Stock: Insider John Hanson Sells 1,034 Shares

Oklo Inc. (NYSE:OKLO) insider John Hanson sold 1,034 shares of Oklo stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $26.71, for a total transaction of $27,618.14. Following the transaction, the insider directly owned 361,277 shares in the company, valued at $9,649,708.67. This represents a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

John Hanson also recently made the following trade(s):

• On Monday, September 28th, John Hanson sold 1,100 shares of Oklo stock. The stock was sold at an average price of $37.39, for a total transaction of $41,129.00.
• On Monday, August 24th, John Hanson sold 539 shares of Oklo stock. The shares were sold at an average price of $39.77, for a total transaction of $21,436.03.

Oklo Price Performance

Shares of OKLO stock opened at $23.49 on Wednesday. The firm has a 50-day moving average of $34.83 and a 200-day moving average of $53.41. Oklo Inc. has a one year low of $22.93 and a one year high of $123.44. The company has a market cap of $4.37 billion, a P/E ratio of -24.99 and a beta of 1.31.

Oklo (NYSE:OKLO) last released its quarterly earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The company had revenue of $1.21 million for the quarter, compared to analyst estimates of $0.09 million. During the same quarter in the previous year, the business posted ($0.18) EPS. The business’s revenue was up 11900.0% compared to the same quarter last year. As a group, research analysts expect that Oklo Inc. will post -1.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oklo

Large investors have recently added to or reduced their stakes in the company. StoneX Group Inc. lifted its stake in shares of Oklo by 473.7% during the 3rd quarter. StoneX Group Inc. now owns 20,692 shares of the company’s stock valued at $801,000 after buying an additional 17,085 shares in the last quarter. Alps Advisors Inc. boosted its holdings in Oklo by 51.1% in the 3rd quarter. Alps Advisors Inc. now owns 58,395 shares of the company’s stock worth $2,162,000 after buying an additional 19,745 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in Oklo in the 3rd quarter worth approximately $11,483,000. Pilgrim Partners Asia Pte Ltd grew its stake in Oklo by 66.0% in the 3rd quarter. Pilgrim Partners Asia Pte Ltd now owns 1,660 shares of the company’s stock valued at $61,000 after buying an additional 660 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in Oklo by 159.5% in the 3rd quarter. International Assets Investment Management LLC now owns 30,000 shares of the company’s stock valued at $1,111,000 after buying an additional 18,438 shares in the last quarter. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on OKLO. Wedbush began coverage on shares of Oklo in a research report on Tuesday. They set an “outperform” rating and a $36.00 target price on the stock. UBS Group reduced their target price on Oklo from $55.00 to $41.00 and set a “neutral” rating for the company in a report on Friday, September 25th. Citigroup reduced their target price on Oklo from $57.50 to $33.00 and set a “neutral” rating for the company in a report on Wednesday, October 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Oklo in a research report on Friday, August 7th. Finally, Truist Financial dropped their price target on Oklo from $51.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.72.

Key Stories Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo has achieved low-power criticality at its Groves site and has billions of dollars in cash to fund development. These milestones support its long-term prospects, though the company still needs to secure licensing and turn its Aurora reactors into a revenue-generating business. Article: Should You Buy Oklo Before Its 2028 Reactor Start-Up?
• Neutral Sentiment: Wedbush initiated coverage with an Outperform rating and a $36 target, implying substantial upside from the quoted share price. However, the firm’s target is down sharply from its previous $110 level, tempering the positive rating. Article: Wedbush Cut Its Oklo Target to $36 From $110. It Still Sees 50% Upside
• Neutral Sentiment: Two insiders sold small amounts of shares to cover tax withholding on vested equity awards; the sales represented less than 0.3% of each insider’s holdings and may be less informative than discretionary selling. Article: Oklo Stock: Insider John Hanson Sells 1,034 Shares
• Negative Sentiment: Valuation and execution risks remain prominent: Oklo has yet to scale its nuclear business and was described as trading at roughly 3,600 times sales. Its reactors also face a lengthy path to licensing, deployment and meaningful revenue, with a start-up discussed for 2028. Article: Why Oklo and Other Growth Stocks Got Crushed
• Negative Sentiment: Investors were also looking ahead to third-quarter earnings, adding uncertainty as they assess expectations for a company still in the development stage. Article: Buy, Sell or Hold OKLO Stock? Key Tips Ahead of Q3 Earnings

About Oklo

Oklo Inc is an advanced nuclear technology company developing compact fission power plants designed to provide reliable, carbon-free electricity. Its flagship product, the Aurora powerhouse, is a small modular reactor intended to operate with a high degree of fuel efficiency and to supply power directly to customers such as utilities, industrial facilities, data centers and other energy-intensive operations.

The company is also developing fuel-recycling capabilities intended to convert used nuclear fuel and other material into fuel for advanced reactors.