Oklo (NYSE:OKLO) Stock Jumps 3.3% – Still a Buy?

Oklo Inc. (NYSE:OKLO)’s stock price was up 3.3% on Wednesday. The stock traded as high as $26.85 and last traded at $25.9220. Approximately 9,867,977 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 11,150,486 shares. The stock had previously closed at $25.09.

Recent Oklo Headlines

Investors following OKLO have been watching these headlines:

• Positive Sentiment: The U.S. Department of Energy cleared the final operational hold point for Groves-1, allowing unrestricted operations and the start of research, testing and training. The work is intended to demonstrate capabilities relevant to isotope production and Oklo’s future reactor technology. Oklo Groves-1 DOE clearance announcement
• Positive Sentiment: Recent quarterly results beat analyst estimates, while a long-term manufacturing agreement with U.S. Forged Rings is intended to secure domestic capacity for major Aurora reactor components. These developments support the company’s execution and supply-chain plans. Oklo manufacturing agreement analysis
• Negative Sentiment: Investors still face substantial execution risk: Oklo has reported losses and heavy spending, and it has not yet established the cost of its first Aurora powerhouse or secured a binding customer. Its cash balance provides funding, but commercial progress will be important to sustaining optimism. Oklo post-earnings investment analysis

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. TD Cowen initiated coverage on shares of Oklo in a research report on Monday, October 26th. They issued a “hold” rating and a $26.00 target price for the company. Truist Financial reduced their price target on shares of Oklo from $51.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, October 22nd. UBS Group decreased their price target on shares of Oklo from $55.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday, September 25th. HC Wainwright reaffirmed a “buy” rating and set a $90.00 price objective on shares of Oklo in a research report on Monday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Oklo in a report on Wednesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $67.83.

Oklo Stock Performance

The stock’s 50-day moving average price is $32.99 and its two-hundred day moving average price is $51.71. The stock has a market capitalization of $5.06 billion, a PE ratio of -27.00 and a beta of 1.31.

Oklo (NYSE:OKLO) last issued its quarterly earnings results on Friday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.05. The business had revenue of $1.86 million during the quarter, compared to the consensus estimate of $1.03 million. During the same quarter in the previous year, the business earned ($0.20) earnings per share. On average, analysts predict that Oklo Inc. will post -1.00 earnings per share for the current fiscal year.

Insider Buying and Selling at Oklo

In other Oklo news, CEO Jacob DeWitte sold 80,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $38.69, for a total transaction of $3,095,200.00. Following the completion of the transaction, the chief executive officer owned 398,039 shares of the company’s stock, valued at approximately $15,400,128.91. This trade represents a 16.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William Carroll Murphy Goodwin sold 11,592 shares of Oklo stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $39.77, for a total transaction of $461,013.84. Following the transaction, the insider owned 45,268 shares of the company’s stock, valued at $1,800,308.36. The trade was a 20.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 350,203 shares of company stock valued at $12,424,945. 12.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Oklo

Several hedge funds have recently added to or reduced their stakes in OKLO. Independent Advisor Alliance grew its stake in shares of Oklo by 6.0% in the third quarter. Independent Advisor Alliance now owns 9,746 shares of the company’s stock worth $359,000 after acquiring an additional 548 shares during the last quarter. Voya Investment Management LLC boosted its stake in Oklo by 6.2% in the 3rd quarter. Voya Investment Management LLC now owns 11,416 shares of the company’s stock worth $423,000 after purchasing an additional 662 shares in the last quarter. HighTower Advisors LLC boosted its stake in Oklo by 7.5% in the 3rd quarter. HighTower Advisors LLC now owns 26,272 shares of the company’s stock worth $973,000 after purchasing an additional 1,841 shares in the last quarter. IFG Advisory LLC grew its position in Oklo by 48.3% during the 3rd quarter. IFG Advisory LLC now owns 7,046 shares of the company’s stock valued at $261,000 after purchasing an additional 2,295 shares during the last quarter. Finally, Moors & Cabot Inc. grew its position in Oklo by 7.3% during the 3rd quarter. Moors & Cabot Inc. now owns 22,478 shares of the company’s stock valued at $832,000 after purchasing an additional 1,525 shares during the last quarter. 85.03% of the stock is owned by institutional investors.

About Oklo

Oklo Inc. develops advanced nuclear fission power plants designed to provide reliable, carbon-free electricity. Its Aurora powerhouse concept uses fast-reactor technology and is designed to operate with metallic fuel, including fuel derived from recycled nuclear material. Oklo is developing its technology and has not yet established a commercial operating fleet. The company plans to supply electricity through long-term power agreements rather than relying solely on equipment sales. Its prospective customers include data centers, industrial facilities, and other users seeking dependable power, with its development efforts focused primarily on the United States.