Oklo (NYSE:OKLO) Insider Sells 1,100 Shares of Company Stock

Key Points

• Insider sale: Oklo insider John Hanson sold 1,100 shares at an average price of $37.39, generating $41,129. The sale covered tax withholding obligations, reducing his stake by 0.30% to 361,350 shares.
• Stock and earnings: Oklo shares traded near $37.07, well below their 52-week high of $193.84. The company reported a quarterly loss of $0.28 per share, missing estimates, despite revenue rising 11,900% year over year to $1.21 million.
• Analyst outlook: Wall Street’s consensus rating is “Moderate Buy,” with an average price target of $82.44, although recent analysts have issued mixed ratings and lowered some price targets.

Oklo Inc. (NYSE:OKLO - Get Free Report) insider John Hanson sold 1,100 shares of Oklo stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $37.39, for a total transaction of $41,129.00. Following the completion of the transaction, the insider owned 361,350 shares of the company's stock, valued at $13,510,876.50. This trade represents a 0.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

John Hanson also recently made the following trade(s):

• On Monday, August 24th, John Hanson sold 539 shares of Oklo stock. The stock was sold at an average price of $39.77, for a total transaction of $21,436.03.

Oklo Stock Down 0.1%

Oklo stock traded down $0.04 during mid-day trading on Tuesday, reaching $37.07. 7,454,413 shares of the company's stock were exchanged, compared to its average volume of 11,222,367. The company has a market cap of $6.90 billion, a P/E ratio of -39.44 and a beta of 1.18. Oklo Inc. has a twelve month low of $34.38 and a twelve month high of $193.84. The company has a fifty day moving average of $41.18 and a 200-day moving average of $52.55.

Oklo (NYSE:OKLO - Get Free Report) last issued 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 business had revenue of $1.21 million for the quarter, compared to the consensus estimate of $0.09 million. The firm's revenue for the quarter was up 11900.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.18) earnings per share. Equities research analysts expect that Oklo Inc. will post -0.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

OKLO has been the subject of a number of recent research reports. Guggenheim assumed coverage on Oklo in a report on Thursday, June 25th. They issued a "neutral" rating for the company. Canaccord Genuity Group cut their price target on Oklo from $125.00 to $100.00 and set a "buy" rating on the stock in a report on Monday, August 10th. Piper Sandler started coverage on Oklo in a research note on Tuesday, September 8th. They issued an "overweight" rating and a $55.00 price objective for the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Oklo in a research report on Friday, August 7th. Finally, Citigroup cut their target price on shares of Oklo from $76.00 to $57.50 and set a "neutral" rating on the stock in a research note on Monday, August 10th. One investment 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 given a Sell rating to the company. Based on data from MarketBeat.com, Oklo currently has a consensus rating of "Moderate Buy" and an average price target of $82.44.

Hedge Funds Weigh In On Oklo

A number of institutional investors and hedge funds have recently modified their holdings of OKLO. Van ECK Associates Corp increased its holdings 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 acquiring an additional 481,288 shares during the period. Geode Capital Management LLC boosted its stake in Oklo by 7.0% during the 4th quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company's stock worth $201,671,000 after purchasing an additional 185,265 shares during the period. Norges Bank acquired a new stake in Oklo during the 4th quarter worth $73,786,000. Clear Street Group Inc. grew its position in Oklo by 110.5% during the 4th quarter. Clear Street Group Inc. now owns 842,172 shares of the company's stock worth $60,434,000 after purchasing an additional 442,172 shares during the last quarter. Finally, Capital World Investors grew its position in Oklo by 5.2% during the 4th quarter. Capital World Investors now owns 505,938 shares of the company's stock worth $36,306,000 after purchasing an additional 24,923 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company's stock.

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.

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