Insider Selling: Oklo (NYSE:OKLO) CFO Sells $636,826.80 in Stock

Key Points

• Oklo CFO Richard Bealmear sold 16,430 shares for approximately $636,827 under a pre-arranged Rule 10b5-1 trading plan, reducing his ownership by 3.48% to 455,976 shares.
• Oklo shares traded at $39.89, well below their 50-day and 200-day moving averages. The company missed quarterly EPS expectations, reporting a $0.28 loss per share versus the $0.16 consensus estimate, despite sharply higher revenue.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an $85.03 average price target, but significant short interest, additional insider selling and project interconnection risks remain concerns.

Oklo Inc. (NYSE:OKLO - Get Free Report) CFO Richard Bealmear sold 16,430 shares of the company's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $38.76, for a total value of $636,826.80. Following the sale, the chief financial officer owned 455,976 shares of the company's stock, valued at approximately $17,673,629.76. This represents a 3.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Oklo Price Performance

NYSE:OKLO traded up $0.37 during trading hours on Thursday, hitting $39.89. The company's stock had a trading volume of 6,864,679 shares, compared to its average volume of 11,305,931. The stock has a fifty day simple moving average of $44.55 and a 200-day simple moving average of $55.78. The company has a market capitalization of $7.42 billion, a P/E ratio of -42.44 and a beta of 1.18. Oklo Inc. has a twelve month low of $36.61 and a twelve month high of $193.84.

Oklo (NYSE:OKLO - Get Free Report) last issued 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 business had revenue of $1.21 million during the quarter, compared to analysts' expectations of $0.09 million. The company's quarterly revenue was up 11900.0% on a year-over-year basis. During the same period last year, the firm posted ($0.18) earnings per share. On average, equities analysts predict that Oklo Inc. will post -0.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

OKLO has been the subject of several research reports. Barclays dropped their price objective on shares of Oklo from $82.00 to $76.00 and set an "overweight" rating for the company in a research note on Wednesday, July 22nd. Royal Bank Of Canada set a $80.00 target price on shares of Oklo in a research note on Friday, May 22nd. Canaccord Genuity Group lowered their price target on shares of Oklo from $125.00 to $100.00 and set a "buy" rating for the company in a report on Monday, August 10th. Guggenheim assumed coverage on Oklo in a research note on Thursday, June 25th. They issued a "neutral" rating for the company. Finally, Wolfe Research assumed coverage on Oklo in a report on Tuesday, May 19th. They set a "peer perform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Oklo has a consensus rating of "Moderate Buy" and a consensus price target of $85.03.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Costello Asset Management INC increased its position in Oklo by 66.7% in the 1st 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 period. Gilpin Wealth Management LLC acquired a new position in shares of Oklo during the fourth quarter worth $29,000. SHP Wealth Management acquired a new position in shares of Oklo during the fourth quarter worth $32,000. Ascentis Independent Advisors bought a new stake in shares of Oklo in the first quarter worth $33,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Oklo in the fourth quarter worth $35,000. Institutional investors own 85.03% of the company's stock.

Trending Headlines about Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Continued attention on the nuclear-power sector could support Oklo’s long-term investment case, as utilities and investors increasingly focus on advanced reactors and small modular reactors. Nuclear Stocks To Consider - August 31st
• Neutral Sentiment: Holtec’s planned initial public offering introduces another publicly traded nuclear company with existing revenue and ambitions in small modular reactors. The offering may expand sector visibility, although investor interest and valuation could shift toward the new rival. Holtec Nuclear IPO: A New Bet on the Nuclear Power Sector A New Nuclear Rival Recently Filed to Go Public
• Negative Sentiment: Oklo CEO Jacob DeWitte sold 120,000 shares in two transactions for approximately $4.63 million, reducing his reported holdings by about 25% across the filings. Separately, Chief Product Officer Alexandra Renner sold 1,930 shares worth roughly $74,000. Multiple insider sales can reinforce concerns about near-term valuation and confidence, even though they do not necessarily indicate a change in business fundamentals. Jacob DeWitte insider transactions OKLO Stock Heads For 4th Week In Red
• Negative Sentiment: OKLO reportedly has one of the highest short-interest levels in the utilities sector. That signals substantial bearish positioning and may pressure the shares, although it also creates the possibility of sharp gains if favorable company news triggers short covering. OKLO and BKH Draw Highest Short Interest
• Negative Sentiment: Oklo filed a complaint with the Federal Energy Regulatory Commission after PJM removed an Oklo project from its interconnection queue. The dispute highlights permitting and grid-connection risks that could delay project development and revenue generation. Oklo Files FERC Complaint After PJM Removes Project from Interconnection Queue

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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