Oklo (NYSE:OKLO) General Counsel Sells $15,808.15 in Stock

Oklo Inc. (NYSE:OKLO) General Counsel Vivek Narayanadas sold 365 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $43.31, for a total value of $15,808.15. Following the sale, the general counsel owned 8,159 shares of the company’s stock, valued at $353,366.29. This represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Tuesday, September 8th, Vivek Narayanadas sold 238 shares of Oklo stock. The stock was sold at an average price of $42.06, for a total value of $10,010.28.
• 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 stock was 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 transaction of $129,809.28.

Oklo Stock Performance

OKLO opened at $36.34 on Friday. Oklo Inc. has a 1 year low of $36.20 and a 1 year high of $193.84. The firm has a 50 day moving average price of $42.97 and a 200 day moving average price of $54.59. The company has a market cap of $6.76 billion, a PE ratio of -38.66 and a beta of 1.18.

Oklo (NYSE:OKLO) last announced its quarterly earnings results on Friday, August 7th. The company reported ($0.28) earnings per share 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 analysts’ expectations of $0.09 million. During the same quarter last year, the business posted ($0.18) earnings per share. The firm’s quarterly revenue was up 11900.0% compared to the same quarter last year. On average, sell-side analysts predict that Oklo Inc. will post -0.92 earnings per share for the current year.

Oklo News Summary

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Piper Sandler initiated coverage with an Overweight rating and a $55 price target. The analyst views Oklo’s advanced-reactor technology as well positioned to benefit from rising electricity demand from data centers and artificial-intelligence infrastructure. Piper Sandler Initiates a Buy Rating on Oklo
• Neutral Sentiment: Analyst targets remain significantly above the market price. The consensus rating is “Moderate Buy,” with an average target near $83, although targets ranging from $55 to $110 highlight substantial uncertainty around Oklo’s commercialization timeline and valuation. Analysts Set Oklo Price Target
• Neutral Sentiment: Insider sales were disclosed. CEO Jacob DeWitte reportedly sold 120,000 shares for approximately $4.6 million, while General Counsel Vivek Narayanadas sold smaller amounts. The general counsel’s transactions were made under Rule 10b5-1 plans to cover tax obligations, reducing their bearish significance, but the CEO sale may weigh on sentiment. Oklo CEO Share Sale
• Negative Sentiment: Oklo launched a new at-the-market offering of up to $1 billion in Class A shares. The program creates potential dilution and signals that the company may need substantial additional capital. It follows the full use of a prior $1 billion ATM program launched in May, which was exhausted in roughly four months. Oklo Launches New One Billion Dollar Equity Program
• Negative Sentiment: Financing and execution risks remain elevated. Oklo is unprofitable, has not yet deployed a commercial reactor, and its latest quarterly loss of $0.28 per share exceeded the $0.16 consensus estimate. Investors remain concerned about licensing, construction timelines, cash burn and the path to commercial revenue.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Guggenheim assumed coverage on shares of Oklo in a research report on Thursday, June 25th. They set a “neutral” rating for the company. Royal Bank Of Canada set a $80.00 price objective on Oklo in a research report on Friday, May 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Oklo in a research note on Friday, August 7th. Bank of America began coverage on Oklo in a research report on Friday, May 22nd. They issued a “buy” rating and a $80.00 target price for the company. Finally, Barclays lowered their target price on Oklo from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Oklo has an average rating of “Moderate Buy” and an average target price of $83.26.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in Oklo by 162.6% during the 1st quarter. Royal Bank of Canada now owns 92,850 shares of the company’s stock worth $2,009,000 after buying an additional 57,497 shares during the period. AQR Capital Management LLC acquired a new position in Oklo in the 1st quarter worth $519,000. Millennium Management LLC boosted its position in Oklo by 4,974.1% in the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after buying an additional 570,532 shares during the last quarter. NewEdge Advisors LLC boosted its position in Oklo by 165.6% in the 1st quarter. NewEdge Advisors LLC now owns 15,672 shares of the company’s stock valued at $339,000 after buying an additional 9,772 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Oklo by 90.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 112,772 shares of the company’s stock valued at $2,439,000 after acquiring an additional 53,703 shares in the last quarter. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Oklo Company Profile

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.