Oklo (NYSE:OKLO) Shares Down 1.4% - Should You Sell?

Key Points

• Oklo shares fell 1.4% on Wednesday, trading around $67.72 after briefly dipping to $65.37, with volume below the normal session average.
• The biggest catalyst was a DOE selection for advanced negotiations tied to a program that could convert surplus plutonium into reactor fuel, which may strengthen Oklo’s fuel strategy and commercialization timeline.
• Wall Street remains cautious but constructive: analysts currently rate the stock Moderate Buy on average with a consensus price target of $83.06, while insiders have recently sold shares and institutions continue to hold the majority of the stock.

Shares of Oklo Inc. (NYSE:OKLO - Get Free Report) traded down 1.4% during mid-day trading on Wednesday . The stock traded as low as $65.37 and last traded at $67.72. 10,406,558 shares traded hands during trading, a decline of 12% from the average session volume of 11,819,998 shares. The stock had previously closed at $68.70.

Oklo News Roundup

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo was chosen by the DOE for advanced negotiations to participate in a program that could turn Cold War-era plutonium into reactor fuel, a potential boost for its commercialization timeline and fuel strategy. Article Title
• Positive Sentiment: Market coverage says the DOE selection sent Oklo shares up as investors cheered the company’s progress toward securing a reliable fuel source for its advanced reactors. Article Title
• Positive Sentiment: The DOE initiative may help Oklo and partner newcleo develop a pathway to repurpose surplus plutonium for commercial nuclear fuel, improving the company’s long-term strategic outlook. Article Title
• Neutral Sentiment: Earlier reports noted broader enthusiasm across nuclear stocks and highlighted Oklo’s regulatory progress, but the main stock-moving catalyst today remains the DOE plutonium-fuel selection. Article Title

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Zacks Research upgraded Oklo from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 19th. JPMorgan Chase & Co. started coverage on Oklo in a report on Monday, May 11th. They issued a "neutral" rating and a $83.00 target price on the stock. Canaccord Genuity Group decreased their target price on Oklo from $175.00 to $125.00 and set a "buy" rating on the stock in a report on Wednesday, March 18th. Citigroup upped their price objective on shares of Oklo from $73.50 to $76.00 and gave the company a "neutral" rating in a research note on Thursday, May 14th. Finally, Wolfe Research initiated coverage on shares of Oklo in a research note on Tuesday, May 19th. They set a "peer perform" rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Oklo presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.06.

Oklo Price Performance

The firm has a market cap of $11.78 billion, a PE ratio of -80.62 and a beta of 1.16. The business has a fifty day moving average price of $61.29 and a two-hundred day moving average price of $75.42.

Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share for the quarter, beating analysts' consensus estimates of ($0.20) by $0.01. During the same period in the previous year, the company posted ($0.07) EPS. As a group, sell-side analysts forecast that Oklo Inc. will post -0.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Richard Craig Bealmear sold 72,090 shares of Oklo stock in a transaction on Friday, March 13th. The stock was sold at an average price of $60.00, for a total transaction of $4,325,400.00. Following the transaction, the chief financial officer owned 386,008 shares in the company, valued at approximately $23,160,480. The trade was a 15.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jacob Dewitte sold 140,000 shares of Oklo stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $50.39, for a total value of $7,054,600.00. Following the transaction, the chief executive officer owned 656,483 shares in the company, valued at $33,080,178.37. This represents a 17.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 819,588 shares of company stock worth $49,774,300 in the last quarter. 18.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Oklo by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 11,637,504 shares of the company's stock valued at $835,107,000 after buying an additional 44,036 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Oklo by 71.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company's stock valued at $792,822,000 after purchasing an additional 2,968,981 shares during the last quarter. Van ECK Associates Corp boosted its position in Oklo by 13.9% during the fourth quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company's stock valued at $283,902,000 after purchasing an additional 481,288 shares during the last quarter. State Street Corp boosted its position in Oklo by 23.6% during the fourth quarter. State Street Corp now owns 3,060,220 shares of the company's stock valued at $219,601,000 after purchasing an additional 584,184 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Oklo by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company's stock valued at $201,671,000 after purchasing an additional 185,265 shares during the last quarter. Hedge funds and other institutional investors own 85.03% of the company's stock.

About Oklo

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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