Oklo Inc. (NYSE:OKLO – Get Free Report)’s share price was up 4.4% during mid-day trading on Thursday . The stock traded as high as $50.23 and last traded at $49.3650. Approximately 7,202,263 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 11,928,974 shares. The stock had previously closed at $47.28.
Key Headlines Impacting Oklo
Here are the key news stories impacting Oklo this week:
- Positive Sentiment: Oklo is being featured as a high-upside nuclear stock, with one article suggesting the company could have significant room to run as investor interest in nuclear energy stays strong. One Nuclear Energy Stock With a 100% Upside Potential
- Positive Sentiment: Coverage around Oklo’s push into nuclear isotopes and its integrated isotope platform is reinforcing the bullish long-term story, as the company aims to turn waste streams into valuable radioisotopes and strengthen U.S. supply chains. Why OKLO Is Betting Big on the Future of Nuclear Isotopes
- Positive Sentiment: The June 30 acquisition of Creative Engineers adds chemical process engineering expertise tied to sodium and alkali-metal systems, which could help Oklo advance its Aurora technology and speed development efforts. Oklo (OKLO) Acquires Creative Engineers to Advance Aurora Technology
- Positive Sentiment: Broader nuclear-sector momentum is also helping sentiment, including a major DOE contract for Centrus Energy that underscores policy and funding support for the nuclear fuel supply chain. Nuclear Fuel Supply Chain Updates: Centrus Secures DOE Contract
- Neutral Sentiment: Oklo continues to appear on “best IPO stocks” and “best nuclear stocks” watchlists, which keeps the name in front of momentum traders but does not materially change the company’s fundamentals. 5 Best IPO Stocks with Huge Upside Potential
- Neutral Sentiment: Unusually heavy call-option buying and other trader activity suggest speculation remains elevated, but this can also increase volatility rather than confirm a lasting move. Oklo Inc Class A Shares OKLO
- Negative Sentiment: CEO Jacob Dewitte sold 60,000 shares, adding a cautious note for investors who often view insider selling as a possible sign of limited near-term upside. SEC Form 4 filing
- Negative Sentiment: Oklo’s valuation remains a concern in recent commentary, and the stock’s weak trend over the past month suggests investors are still waiting for clearer execution before re-rating the shares higher. Oklo (OKLO) Gains A Regulatory Win As Investors Weigh Its Valuation
Wall Street Analysts Forecast Growth
OKLO has been the topic of several research analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $122.00 price target on shares of Oklo in a research note on Wednesday, May 13th. UBS Group dropped their price objective on Oklo from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, June 11th. Wedbush reiterated an “outperform” rating and set a $110.00 target price on shares of Oklo in a research report on Tuesday, May 26th. Guggenheim began coverage on Oklo in a research report on Thursday, June 25th. They set a “neutral” rating on the stock. Finally, B. Riley Financial reduced their target price on Oklo from $129.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $85.81.
Oklo Trading Down 0.9%
The business’s fifty day moving average price is $61.09 and its 200 day moving average price is $66.77. The firm has a market capitalization of $8.50 billion, a price-to-earnings ratio of -58.14 and a beta of 1.14.
Oklo (NYSE:OKLO – Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. During the same quarter last year, the firm posted ($0.07) EPS. As a group, sell-side analysts forecast that Oklo Inc. will post -0.73 earnings per share for the current fiscal year.
Insider Transactions at Oklo
In related news, insider William Carroll Murphy Goodwin sold 10,548 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $58.04, for a total value of $612,205.92. Following the transaction, the insider owned 36,175 shares in the company, valued at $2,099,597. The trade was a 22.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jacob Dewitte sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $52.80, for a total value of $3,168,000.00. Following the sale, the chief executive officer directly owned 511,533 shares of the company’s stock, valued at approximately $27,008,942.40. This represents a 10.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 683,629 shares of company stock worth $43,902,208. Company insiders own 18.90% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of OKLO. Vanguard Group Inc. grew its position in Oklo by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 11,637,504 shares of the company’s stock valued at $835,107,000 after buying an additional 44,036 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Oklo by 71.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company’s stock worth $792,822,000 after buying an additional 2,968,981 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Oklo by 13.9% in the 4th quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock worth $283,902,000 after acquiring an additional 481,288 shares during the period. State Street Corp lifted its stake in shares of Oklo by 23.6% in the 4th quarter. State Street Corp now owns 3,060,220 shares of the company’s stock worth $219,601,000 after acquiring an additional 584,184 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Oklo by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company’s stock valued at $201,671,000 after acquiring an additional 185,265 shares in the last quarter. 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.
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