Oklo (NYSE:OKLO) General Counsel Sells 649 Shares of Company Stock

Key Points

• Oklo’s general counsel sold 649 shares at an average price of $35.93, generating $23,318.57. The sale was made to cover tax withholding tied to vested equity awards, leaving him with 8,734 shares.
• Oklo shares rose 7.3% to $38.59, despite the company reporting a quarterly loss of $0.28 per share versus analysts’ expected loss of $0.16. Revenue reached $1.21 million, up sharply year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $82.44, although Oklo remains unprofitable and faces development, execution, and potential dilution risks.

Oklo Inc. (NYSE:OKLO - Get Free Report) General Counsel Vivek Narayanadas sold 649 shares of Oklo stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $35.93, for a total transaction of $23,318.57. Following the transaction, the general counsel directly owned 8,734 shares of the company's stock, valued at approximately $313,812.62. This trade represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 Wednesday, September 9th, Vivek Narayanadas sold 365 shares of Oklo stock. The stock was sold at an average price of $43.31, for a total transaction of $15,808.15.
• On Tuesday, September 8th, Vivek Narayanadas sold 238 shares of Oklo stock. The shares were sold at an average price of $42.06, for a total transaction 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 transaction 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 transaction 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 Up 7.3%

Shares of NYSE:OKLO traded up $2.62 during trading on Tuesday, reaching $38.59. 16,673,343 shares of the company's stock traded hands, compared to its average volume of 11,193,335. Oklo Inc. has a fifty-two week low of $34.38 and a fifty-two week high of $193.84. The firm has a market cap of $7.18 billion, a PE ratio of -41.06 and a beta of 1.20. The company has a 50-day simple moving average of $40.53 and a 200-day simple moving average of $51.71.

Oklo (NYSE:OKLO - Get Free Report) last released 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 company had revenue of $1.21 million during the quarter, compared to the consensus estimate of $0.09 million. The company's revenue for the quarter was up 11900.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.18) earnings per share. On average, equities research analysts forecast that Oklo Inc. will post -0.99 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on OKLO shares. Truist Financial set a $51.00 target price on Oklo in a report on Monday, September 28th. Guggenheim began coverage on Oklo in a research note on Thursday, June 25th. They issued a "neutral" rating for the company. HC Wainwright reaffirmed a "buy" rating and set a $90.00 target price on shares of Oklo in a research note on Monday, August 10th. Barclays dropped their target price on shares of Oklo from $82.00 to $76.00 and set an "overweight" rating for the company in a report on Wednesday, July 22nd. Finally, Citigroup reduced their target price on shares of Oklo from $76.00 to $57.50 and set a "neutral" rating for the company in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Oklo has a consensus rating of "Moderate Buy" and an average target price of $82.44.

Institutional Investors Weigh In On Oklo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OKLO. Citizens Financial Group Inc. RI increased its holdings in Oklo by 1.0% during the 1st quarter. Citizens Financial Group Inc. RI now owns 18,704 shares of the company's stock worth $928,000 after purchasing an additional 182 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Oklo by 0.3% during the first quarter. The Manufacturers Life Insurance Company now owns 70,433 shares of the company's stock worth $3,493,000 after buying an additional 183 shares in the last quarter. Triton Wealth Management PLLC grew its position in shares of Oklo by 1.3% during the first quarter. Triton Wealth Management PLLC now owns 14,760 shares of the company's stock worth $734,000 after buying an additional 191 shares in the last quarter. Costello Asset Management INC increased its stake in shares of Oklo by 66.7% during the first quarter. Costello Asset Management INC now owns 500 shares of the company's stock worth $25,000 after buying an additional 200 shares during the period. Finally, Strategic Advocates LLC increased its stake in shares of Oklo by 70.9% during the fourth quarter. Strategic Advocates LLC now owns 663 shares of the company's stock worth $47,000 after buying an additional 275 shares during the period. Institutional investors and hedge funds own 85.03% of the company's stock.

Trending Headlines about Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Sector-wide nuclear rally: Nuclear stocks gained after Alphabet’s Google announced an agreement to increase output from existing nuclear reactors. The news renewed investor enthusiasm for nuclear power, particularly for companies developing next-generation reactors such as Oklo. Nuclear stocks rally as Google's reactor deal lifts the sector
• Positive Sentiment: Progress at the Groves reactor: A recent analyst update reportedly maintained a bullish rating and price target after a visit to Oklo’s Groves site. Investors are also continuing to assess the company’s August announcement that its reactor achieved first criticality in under a year, a milestone viewed as evidence of progress toward commercial deployment. Oklo shares climb as investors focus on reactor progress
• Positive Sentiment: Financial capacity and analyst upside: Oklo reported approximately $3.0 billion in cash and marketable securities at the end of the second quarter and is increasing spending to accelerate project development. Recent analyst targets cited in coverage are substantially above the current trading range, supporting the bullish narrative, although they remain dependent on successful execution. Oklo could be a major nuclear energy story
• Neutral Sentiment: Insider selling: CEO Jacob DeWitte sold 120,000 shares under a pre-arranged Rule 10b5-1 plan, while General Counsel Vivek Narayanadas sold 649 shares to cover tax withholding on vested equity. These transactions may attract scrutiny, but the disclosed plans and tax-related rationale reduce their signaling value.
• Negative Sentiment: Execution and dilution risks remain: Oklo has no established commercial reactor fleet, continues to spend heavily on development, and has reported losses. Its recent equity program and ongoing insider sales could weigh on the stock if investors become concerned about dilution or the time required to generate meaningful revenue.

Oklo Company Profile

Oklo Inc is an advanced fission technology company developing compact nuclear power plants designed to provide reliable, carbon-free electricity. Its flagship Aurora powerhouse is a small-scale fission system intended to operate for extended periods and supply power directly to industrial, commercial, and other large energy users.

The company is also developing fuel-recycling capabilities to support the use of recovered nuclear fuel in advanced reactors. Oklo has pursued partnerships and regulatory work in the United States, including activities associated with the Idaho National Laboratory, and is initially focused on serving U.S.

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