Oklo (NYSE:OKLO) General Counsel Vivek Narayanadas Sells 3,264 Shares of Stock

Key Points

• Oklo General Counsel Vivek Narayanadas sold 3,264 shares at an average price of $39.77, generating approximately $129,809. The Rule 10b5-1 transaction covered tax withholding tied to vested equity awards and reduced his direct holdings by 29.44% to 7,822 shares.
• Oklo shares rose 11.4% to $44.23, despite the company reporting a quarterly loss of $0.28 per share, missing estimates by $0.12. Revenue reached $1.21 million, up sharply year over year, but the company remains unprofitable.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an $85.03 price target, although several firms recently cut their targets. Investors continue to weigh Oklo’s advanced-nuclear growth prospects against valuation, execution risks and ongoing insider selling.

Oklo Inc. (NYSE:OKLO - Get Free Report) General Counsel Vivek Narayanadas sold 3,264 shares of the company's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $39.77, for a total transaction of $129,809.28. Following the sale, the general counsel directly owned 7,822 shares of the company's stock, valued at $311,080.94. The trade was a 29.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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.

Oklo Stock Up 11.4%

Shares of OKLO traded up $4.54 during midday trading on Tuesday, reaching $44.23. The company had a trading volume of 13,844,519 shares, compared to its average volume of 11,377,922. Oklo Inc. has a 1-year low of $36.61 and a 1-year high of $193.84. The firm has a 50 day simple moving average of $46.98 and a 200-day simple moving average of $57.11. The stock has a market cap of $8.23 billion, a PE ratio of -47.05 and a beta of 1.17.

Oklo (NYSE:OKLO - Get Free Report) last released its quarterly 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 for the quarter, compared to analysts' expectations of $0.09 million. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. The business's revenue for the quarter was up 11900.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Oklo Inc. will post -0.9 earnings per share for the current fiscal year.

Oklo News Roundup

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Escalating U.S.-Canada trade tensions helped accelerate buying across uranium miners and advanced nuclear developers, benefiting Oklo as part of the broader nuclear-energy trade. Oklo Stock Surges Tuesday on Escalating US-Canada Trade Tensions
• Positive Sentiment: Nuclear stocks rebounded in an oversold move while the broader market was relatively subdued, providing a technical and sentiment-related lift to OKLO. Nuclear Stocks Rebound on an Oversold Bounce
• Positive Sentiment: Investor interest remains focused on Oklo’s potential to supply reliable power to data centers and AI companies. A speculative thesis suggests SpaceX could eventually become a major customer, though no such contract was announced. Prediction: SpaceX's Power Needs Will Turn It Into Oklo's Biggest Customer
• Positive Sentiment: Recent coverage highlighted Oklo’s first revenue, reactor-development progress and plans to extract energy from used U.S. nuclear fuel, reinforcing the company’s long-term growth narrative. Oklo's CEO Says Used Nuclear Fuel in the U.S. Is Worth More Than Saudi Arabia's Oil Reserves
• Neutral Sentiment: Analysts and commentators remain divided: some see substantial upside from reactor milestones and nuclear demand, while others warn that the sector could leave weaker small modular reactor companies behind. Oklo: The Nuclear Renaissance Could Leave A Trail Of Busted SMR Companies
• Negative Sentiment: Valuation and execution concerns continue to weigh on the story. Recent analyst target reductions, substantial insider selling and Oklo’s quarterly earnings miss underscore risks while the company remains unprofitable and commercial power revenue is expected years away. Oklo Slides as Investors Digest Recent Analyst Cuts and Insider Sale Filing

Analyst Upgrades and Downgrades

Several analysts recently weighed in on OKLO shares. Citigroup dropped their target price on shares of Oklo from $76.00 to $57.50 and set a "neutral" rating for the company in a report on Monday, August 10th. HC Wainwright restated a "buy" rating and set a $90.00 price target on shares of Oklo in a research report on Monday, August 10th. Truist Financial dropped their price objective on Oklo from $55.00 to $51.00 and set a "hold" rating for the company in a research note on Monday, August 10th. 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. Finally, Wedbush reissued an "outperform" rating and set a $110.00 price target on shares of Oklo in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $85.03.

Institutional Trading of Oklo

A number of large investors have recently modified their holdings of OKLO. California State Teachers Retirement System raised its stake in shares of Oklo by 6,518.7% in the second quarter. California State Teachers Retirement System now owns 8,682,908 shares of the company's stock valued at $454,377,000 after acquiring an additional 8,551,720 shares in the last quarter. State Street Corp increased its holdings in Oklo by 454.5% during the 2nd quarter. State Street Corp now owns 2,138,658 shares of the company's stock worth $119,743,000 after purchasing an additional 1,752,946 shares during the period. Norges Bank purchased a new stake in Oklo during the 4th quarter worth about $73,786,000. Millennium Management LLC raised 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 purchasing an additional 570,532 shares in the last quarter. Finally, Van ECK Associates Corp boosted 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 valued at $283,902,000 after buying an additional 481,288 shares during the period. Hedge funds and other institutional investors 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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