Needham & Company LLC Cuts Oklo (NYSE:OKLO) Price Target to $73.00

Oklo (NYSE:OKLO) had its price target cut by Needham & Company LLC from $135.00 to $73.00 in a research note published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently commented on OKLO. Wedbush restated an “outperform” rating on shares of Oklo in a research note on Friday, January 9th. HC Wainwright reiterated a “buy” rating and set a $90.00 target price on shares of Oklo in a report on Wednesday. Weiss Ratings reissued a “sell (d)” rating on shares of Oklo in a research report on Thursday, January 22nd. Barclays decreased their price target on Oklo from $146.00 to $82.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Finally, Bank of America raised shares of Oklo from a “neutral” rating to a “buy” rating and increased their price objective for the company from $111.00 to $127.00 in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Oklo currently has an average rating of “Moderate Buy” and a consensus price target of $86.63.

Oklo Trading Down 1.4%

Shares of OKLO stock opened at $53.94 on Wednesday. The company’s fifty day simple moving average is $72.38 and its 200-day simple moving average is $94.59. Oklo has a 52 week low of $17.42 and a 52 week high of $193.84. The company has a market cap of $9.36 billion, a PE ratio of -74.91 and a beta of 0.80.

Oklo (NYSE:OKLO) last announced its quarterly earnings results on Tuesday, March 17th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.10). During the same period in the previous year, the firm earned ($0.74) EPS. Equities research analysts expect that Oklo will post -8.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Richard Craig Bealmear sold 72,090 shares of the business’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $60.00, for a total transaction of $4,325,400.00. Following the sale, the chief financial officer directly owned 386,008 shares of the company’s stock, valued at $23,160,480. The trade was a 15.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jacob Dewitte sold 840,000 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $82.32, for a total value of $69,148,800.00. Following the sale, the chief executive officer directly owned 1,580,000 shares of the company’s stock, valued at approximately $130,065,600. This represents a 34.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,062,424 shares of company stock worth $169,888,312 over the last 90 days. Insiders own 18.90% of the company’s stock.

Institutional Trading of Oklo

A number of hedge funds have recently bought and sold shares of OKLO. Plancorp LLC increased its position in shares of Oklo by 1.2% in the third quarter. Plancorp LLC now owns 6,089 shares of the company’s stock worth $680,000 after acquiring an additional 73 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Oklo by 3.7% during the third quarter. Parkside Financial Bank & Trust now owns 2,622 shares of the company’s stock valued at $293,000 after acquiring an additional 94 shares during the period. Prestige Wealth Management Group LLC lifted its position in shares of 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 acquiring an additional 101 shares in the last quarter. Meriwether Wealth & Planning LLC boosted its stake in Oklo by 2.7% in the 4th quarter. Meriwether Wealth & Planning LLC now owns 4,545 shares of the company’s stock worth $326,000 after purchasing an additional 120 shares during the period. Finally, Rossby Financial LCC boosted its stake in Oklo by 75.0% in 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. 85.03% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: HC Wainwright reaffirmed a “Buy” rating and a $90 price target, maintaining institutional support that can prop up the stock despite near-term misses. HC Wainwright Reiterates Buy
• Positive Sentiment: Oklo signed a deal with the U.S. Department of Energy to build a reactor at Idaho National Lab — a tangible program milestone that strengthens commercialization credibility and future revenue potential. DOE reactor deal
• Positive Sentiment: Analyst and media pieces highlight Oklo’s diversified pathway (isotopes, fuel, reactors) and argue the company may be near a base — supporting a longer-term bullish case if execution continues. MarketBeat: The bottom is in
• Positive Sentiment: Commentary from The Motley Fool and Zacks highlights secular tailwinds (AI/data center demand for reliable low-carbon power, geopolitical energy volatility) that could increase long-term demand for Oklo’s technology. Fool prediction on nuclear demand Zacks: nuclear model stability
• Neutral Sentiment: Cantor Fitzgerald reiterated an Overweight rating — additional coverage and differing targets are keeping the narrative mixed but visible to investors. Cantor Fitzgerald Overweight
• Negative Sentiment: Oklo reported Q4 results that missed expectations, and the market reacted negatively (shares pulled back following the release). Near-term profitability remains a distant target, increasing sensitivity to execution. Earnings miss / shares down Yahoo: stock dips after earnings
• Negative Sentiment: Several broker notes (Goldman Sachs, Needham, Canaccord, B. Riley) issued cautious/pessimistic near-term forecasts or lowered expectations, adding selling pressure and raising short-term downside risk. Goldman Sachs pessimistic forecast Needham pessimistic forecast Canaccord forecast B. Riley lowered expectations
• Negative Sentiment: Insider selling: Oklo’s CFO disclosed a large sale (~$4.33M), which can concern investors about timing and valuation. CFO insider sale
• Negative Sentiment: HC Wainwright cut multi-year EPS estimates substantially while keeping a $90 target — that combination signals longer roadmap risk (execution/timing) even as some analysts stay constructive. HC Wainwright estimates update

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.