Oklo (NYSE:OKLO) Stock: Insider Richard Craig Bealmear Sells 16,727 Shares

Key Points

• CFO Richard Bealmear sold 16,727 Oklo shares at an average $25.55, for about $427,375, under a pre-arranged Rule 10b5-1 plan. He retained 467,261 shares after the sale.
• Oklo’s shares traded at $22.04 in the article, well below their 50-day and 200-day moving averages. The company missed quarterly EPS estimates, reporting a loss of $0.28 per share versus analysts’ expected loss of $0.16, despite revenue growth.
• Analyst views are mixed: MarketBeat reported a “Moderate Buy” consensus and an average price target of $69.72, while recent analyst targets were cut and execution risks remain as Oklo works toward commercializing its reactors.

Oklo Inc. (NYSE:OKLO - Get Free Report) CFO Richard Bealmear sold 16,727 shares of the company's stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $25.55, for a total transaction of $427,374.85. Following the completion of the transaction, the chief financial officer owned 467,261 shares of the company's stock, valued at $11,938,518.55. This trade represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Richard Craig Bealmear also recently made the following trade(s):

• On Tuesday, September 1st, Richard Bealmear sold 16,430 shares of Oklo stock. The shares were sold at an average price of $38.76, for a total value of $636,826.80.

Oklo Price Performance

NYSE OKLO traded down $1.45 during trading hours on Wednesday, reaching $22.04. 12,652,039 shares of the stock traded hands, compared to its average volume of 11,010,423. The stock has a 50 day simple moving average of $34.83 and a two-hundred day simple moving average of $53.41. Oklo Inc. has a 1 year low of $21.65 and a 1 year high of $123.44. The company has a market cap of $4.10 billion, a price-to-earnings ratio of -23.45 and a beta of 1.31.

Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.12). The firm 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 in the prior year, the firm earned ($0.18) EPS. On average, sell-side analysts forecast that Oklo Inc. will post -1.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on OKLO shares. UBS Group decreased their price target on shares of Oklo from $55.00 to $41.00 and set a "neutral" rating on the stock in a research note on Friday, September 25th. Canaccord Genuity Group cut their price objective on shares of Oklo from $125.00 to $100.00 and set a "buy" rating for the company in a research note on Monday, August 10th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Oklo in a report on Friday, August 7th. TD Cowen initiated coverage on shares of Oklo in a research report on Monday, October 26th. They issued a "hold" rating and a $26.00 target price on the stock. Finally, Piper Sandler decreased their target price on shares of Oklo from $55.00 to $49.00 and set an "overweight" rating on the stock in a research report on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $69.72.

Key Stories Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Wedbush initiated coverage with an Outperform rating and a $36 target, implying potential upside from recent levels. However, its target was also reported as a steep cut from $110, reflecting a more cautious valuation. Wedbush target article
• Positive Sentiment: Oklo has achieved low-power criticality at its Groves site and has substantial cash to fund development. Progress toward its Aurora reactor, manufacturing capacity and fuel initiatives could strengthen the longer-term outlook, although commercialization remains ahead. Fool article on Oklo’s reactor plans
• Neutral Sentiment: Two insiders sold small amounts of stock to cover tax withholding on vested equity awards, while retaining substantial holdings. The stated reason and modest size make the sales less concerning than discretionary insider selling. Insider trade details
• Negative Sentiment: Oklo is among the most heavily shorted utility stocks in its market-cap group, potentially amplifying volatility and reflecting significant investor skepticism. Short-interest report
• Negative Sentiment: Recent coverage highlights rising development costs, a history of earnings misses and a long wait before the business can scale reactor operations and revenue. The stock has fallen sharply over the past week and reached a new 52-week low, intensifying concerns about its high valuation and execution risks ahead of Q3 results. TIKR share-performance analysis Zacks analyst outlook

Hedge Funds Weigh In On Oklo

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AlphaCore Capital LLC bought a new stake in Oklo in the third quarter valued at approximately $435,000. Midwest Capital Advisors LLC purchased a new position in shares of Oklo in the third quarter worth $67,000. Fulcrum Asset Management LLP raised its holdings in Oklo by 1,733.4% during the 3rd quarter. Fulcrum Asset Management LLP now owns 17,821 shares of the company's stock valued at $661,000 after buying an additional 16,849 shares during the last quarter. StoneX Group Inc. boosted its position in Oklo by 473.7% during the 3rd quarter. StoneX Group Inc. now owns 20,692 shares of the company's stock valued at $801,000 after buying an additional 17,085 shares during the period. Finally, Alps Advisors Inc. boosted its holdings in shares of Oklo by 51.1% during the third quarter. Alps Advisors Inc. now owns 58,395 shares of the company's stock worth $2,162,000 after purchasing an additional 19,745 shares during the period. 85.03% of the stock is currently owned by institutional investors.

About Oklo

Oklo Inc is an advanced nuclear technology company developing compact fission power plants designed to provide reliable, carbon-free electricity. Its flagship product, the Aurora powerhouse, is a small modular reactor intended to operate with a high degree of fuel efficiency and to supply power directly to customers such as utilities, industrial facilities, data centers and other energy-intensive operations.

The company is also developing fuel-recycling capabilities intended to convert used nuclear fuel and other material into fuel for advanced reactors.

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