Oklo (NYSE:OKLO) Releases Earnings Results, Misses Estimates By $0.07 EPS

Key Points

• Oklo reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.13) by $0.07.
• Shares dropped $7.52 to $104.00 on Tuesday after the release, with heavy trading (11.2M shares) and a market cap around $15.35 billion; the stock’s 12‑month range is $17.14–$193.84.
• Insiders have been selling: CEO Jacob Dewitte sold 300,000 shares for about $33.7M, and insiders sold ~491,387 shares (~$52.7M) over the last quarter.

Oklo (NYSE:OKLO - Get Free Report) issued its earnings results on Tuesday. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.07), Zacks reports.

Oklo Price Performance

Shares of OKLO stock traded down $7.52 on Tuesday, hitting $104.00. The stock had a trading volume of 11,213,418 shares, compared to its average volume of 18,614,582. The business has a 50 day moving average of $120.41 and a 200 day moving average of $79.02. Oklo has a 12-month low of $17.14 and a 12-month high of $193.84. The stock has a market cap of $15.35 billion, a price-to-earnings ratio of -247.61 and a beta of 0.70.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Citigroup upped their price objective on shares of Oklo from $30.00 to $68.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Weiss Ratings reiterated a "sell (d)" rating on shares of Oklo in a report on Wednesday, October 8th. Seaport Res Ptn cut Oklo from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 23rd. Canaccord Genuity Group started coverage on Oklo in a research report on Thursday, October 9th. They set a "buy" rating and a $175.00 target price on the stock. Finally, Zacks Research lowered shares of Oklo from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $98.14.

Insider Activity

In other news, CEO Jacob Dewitte sold 300,000 shares of the business's stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $112.26, for a total value of $33,678,000.00. Following the transaction, the chief executive officer owned 9,780,098 shares in the company, valued at $1,097,913,801.48. The trade was a 2.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the company's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $70.09, for a total value of $2,900,814.83. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 491,387 shares of company stock valued at $52,698,580. 18.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Oklo

A number of hedge funds have recently modified their holdings of OKLO. State Street Corp grew its holdings in Oklo by 454.5% during the second quarter. State Street Corp now owns 2,138,658 shares of the company's stock valued at $119,743,000 after purchasing an additional 1,752,946 shares during the period. Millennium Management LLC lifted its position in shares of Oklo by 4,974.1% during the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company's stock valued at $12,589,000 after buying an additional 570,532 shares during the last quarter. Invesco Ltd. bought a new position in shares of Oklo during the 2nd quarter worth $7,693,000. Royal Bank of Canada grew its stake in shares of Oklo by 162.6% during the 1st quarter. Royal Bank of Canada now owns 92,850 shares of the company's stock worth $2,009,000 after acquiring an additional 57,497 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Oklo by 90.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 112,772 shares of the company's stock worth $2,439,000 after acquiring an additional 53,703 shares during the last quarter. Institutional investors own 85.03% of the company's stock.

About Oklo

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.

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