First Trust Advisors LP Sells 37,508 Shares of Oklo Inc. $OKLO

Key Points

• First Trust Advisors LP cut its Oklo stake by 65.1% in the first quarter, selling 37,508 shares and retaining 20,124 shares worth approximately $998,000. Institutional investors collectively own 85.03% of Oklo.
• Oklo reported its first quarterly revenue of $1.21 million, far exceeding estimates, but its net loss widened to $48.5 million, or $0.28 per share, versus the $0.16 consensus estimate. Management also raised 2026 cash-use guidance, increasing concerns about funding and execution.
• Insider selling remains significant: the CEO and CFO sold a combined 213,081 shares for roughly $14.6 million on June 1, while insiders sold $29.9 million of stock over the past three months with no reported purchases in the last six months. Analysts maintain a Moderate Buy consensus with an average target of $85.03, despite some recent target cuts.

First Trust Advisors LP lessened its stake in Oklo Inc. (NYSE:OKLO - Free Report) by 65.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,124 shares of the company's stock after selling 37,508 shares during the quarter. First Trust Advisors LP's holdings in Oklo were worth $998,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in OKLO. NBC Securities Inc. raised its position in Oklo by 75.0% during the fourth quarter. NBC Securities Inc. now owns 350 shares of the company's stock worth $25,000 after acquiring an additional 150 shares in the last quarter. Costello Asset Management INC lifted its stake in Oklo by 66.7% in the first quarter. Costello Asset Management INC now owns 500 shares of the company's stock valued at $25,000 after acquiring an additional 200 shares during the last quarter. Gilpin Wealth Management LLC bought a new position in shares of Oklo in the 4th quarter valued at about $29,000. SHP Wealth Management bought a new position in shares of Oklo in the 4th quarter valued at about $32,000. Finally, Ascentis Independent Advisors acquired a new position in shares of Oklo during the 1st quarter worth about $33,000. 85.03% of the stock is owned by institutional investors.

Insider Buying and Selling at Oklo

In other news, CEO Jacob Dewitte sold 140,000 shares of the business's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $68.29, for a total transaction of $9,560,600.00. Following the completion of the transaction, the chief executive officer owned 538,039 shares of the company's stock, valued at approximately $36,742,683.31. The trade was a 20.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard Craig Bealmear sold 73,081 shares of Oklo stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $68.42, for a total transaction of $5,000,202.02. Following the sale, the chief financial officer directly owned 397,642 shares in the company, valued at $27,206,665.64. This trade represents a 15.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 483,629 shares of company stock worth $29,855,608 over the last three months. Corporate insiders own 12.70% of the company's stock.

Key Stories Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo reported $1.21 million in second-quarter revenue, its first quarterly revenue and substantially above expectations. Revenue was supported in part by acquisition-related activity. OKLO Q2 Loss Widens Y/Y, Misses Estimates on Higher Costs
• Positive Sentiment: The Groves Isotope Test Reactor achieved first criticality less than a year after groundbreaking, providing evidence that Oklo can execute certain nuclear projects rapidly and advance its isotope-production plans. Oklo’s Groves Reactor Hits Criticality In Under a Year
• Positive Sentiment: HC Wainwright reaffirmed a Buy rating with a $90 price target, while Canaccord maintained Buy despite reducing its target from $125 to $100. These targets imply analysts still see substantial long-term upside.
• Neutral Sentiment: Oklo’s leadership refresh adds executives with experience at the Nuclear Regulatory Commission, National Grid and Joby Aviation as the company moves toward commercial production and deeper regulatory engagement. What Does Oklo Leadership Overhaul Mean As Commercialization Nears?
• Negative Sentiment: Second-quarter net loss widened to approximately $48.5 million, or $0.28 per share, missing the $0.16-per-share consensus estimate. Rising project-execution costs and accelerated development spending outweighed the revenue beat.
• Negative Sentiment: Management raised 2026 spending guidance, with operating cash use expected at $120 million to $150 million. First-half operating cash outflow was about $65.5 million and capital spending totaled roughly $126.9 million, reinforcing concerns about funding needs and execution risk. OKLO Q2 Earnings Call Links Higher Cash Use to Execution
• Negative Sentiment: Truist cut its price target from $55 to $51 and assigned a Hold rating. Other analysts also lowered forecasts after the earnings release, signaling near-term caution despite bullish longer-term targets.
• Negative Sentiment: Reported insider activity shows extensive selling and no purchases over the past six months, which may weigh on investor sentiment.

Oklo Stock Down 7.6%

Shares of OKLO stock opened at $44.74 on Tuesday. Oklo Inc. has a 12-month low of $36.61 and a 12-month high of $193.84. The company has a market capitalization of $7.78 billion, a PE ratio of -47.60 and a beta of 1.17. The firm has a 50 day moving average price of $50.43 and a two-hundred day moving average price of $60.02.

Oklo (NYSE:OKLO - Get Free Report) last posted its earnings results on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The firm had revenue of $1.21 million during the quarter, compared to the consensus estimate of $0.09 million. The company's revenue was up 11900.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.18) earnings per share. As a group, research analysts expect that Oklo Inc. will post -0.74 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OKLO. HSBC assumed coverage on shares of Oklo in a report on Thursday, April 23rd. They issued a "buy" rating and a $96.00 target price on the stock. Guggenheim initiated coverage on Oklo in a research note on Thursday, June 25th. They issued a "neutral" rating on the stock. Wedbush reaffirmed an "outperform" rating and issued a $110.00 price objective on shares of Oklo in a research report on Tuesday, May 26th. Truist Financial decreased their target price on Oklo from $55.00 to $51.00 and set a "hold" rating on the stock in a report on Monday. Finally, Bank of America started coverage on Oklo in a research note on Friday, May 22nd. They issued a "buy" rating and a $80.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Oklo has a consensus rating of "Moderate Buy" and a consensus target price of $85.03.

Oklo 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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