Oklo (NYSE:OKLO) Shares Down 2.7% - Here's What Happened

Key Points

• Oklo shares fell 2.7% midday to about $70.51 (intraday low $68.47) on ~10.4 million shares traded, roughly 9% below average; the stock had closed at $72.50.
• Analysts give Oklo an average rating of Moderate Buy with an average target of $87.68, but targets vary widely (e.g., Tigress $130 and Cantor $122 vs. UBS cut to $60).
• The company missed quarterly expectations (EPS -$0.27 vs. -$0.17 estimate) and faces continued losses (street EPS -0.75 forecast for the year), while insiders have sold heavily—about 818,766 shares (~$50.9M) last quarter—leaving insiders with roughly 18.9% ownership.

Shares of Oklo Inc. (NYSE:OKLO - Get Free Report) fell 2.7% during mid-day trading on Friday . The stock traded as low as $68.47 and last traded at $70.5140. 10,438,491 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 11,472,903 shares. The stock had previously closed at $72.50.

Analyst Ratings Changes

Several research firms have recently issued reports on OKLO. HC Wainwright reaffirmed a "buy" rating and issued a $90.00 target price on shares of Oklo in a report on Wednesday, March 18th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $122.00 target price on shares of Oklo in a report on Wednesday, March 18th. Tigress Financial began coverage on Oklo in a report on Monday. They issued a "buy" rating and a $130.00 target price for the company. UBS Group reduced their target price on Oklo from $95.00 to $60.00 and set a "neutral" rating for the company in a report on Thursday, March 26th. Finally, Zacks Research raised Oklo from a "strong sell" rating to a "hold" rating in a report on Thursday, March 19th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Oklo has an average rating of "Moderate Buy" and an average target price of $87.68.

Oklo Stock Down 2.7%

The firm has a 50 day moving average of $59.72 and a 200 day moving average of $84.61. The firm has a market cap of $12.26 billion, a PE ratio of -97.93 and a beta of 0.93.

Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings data on Tuesday, March 17th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.10). During the same quarter last year, the firm posted ($0.74) earnings per share. On average, research analysts anticipate that Oklo Inc. will post -0.75 EPS for the current year.

Insider Activity at Oklo

In related news, CFO Richard Craig Bealmear sold 72,090 shares of the company's stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $60.00, for a total value 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. This represents a 15.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jacob Dewitte sold 140,000 shares of the company's stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $75.18, for a total value of $10,525,200.00. Following the completion of the transaction, the chief executive officer owned 739,023 shares in the company, valued at approximately $55,559,749.14. The trade was a 15.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 818,766 shares of company stock worth $50,855,915. 18.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oklo

Institutional investors have recently made changes to their positions in the stock. NBC Securities Inc. lifted its position in shares of Oklo by 75.0% during the fourth quarter. NBC Securities Inc. now owns 350 shares of the company's stock worth $25,000 after acquiring an additional 150 shares in the last quarter. Costello Asset Management INC lifted its position in shares of Oklo by 66.7% during the first quarter. Costello Asset Management INC now owns 500 shares of the company's stock worth $25,000 after acquiring an additional 200 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Oklo by 356.3% during the fourth quarter. GAMMA Investing LLC now owns 365 shares of the company's stock worth $26,000 after acquiring an additional 285 shares in the last quarter. Gables Capital Management Inc. purchased a new stake in shares of Oklo during the third quarter worth $28,000. Finally, Nemes Rush Group LLC purchased a new stake in shares of Oklo during the third quarter worth $28,000. 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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