Oklo (NYSE:OKLO) Shares Down 3.9% - Should You Sell?

Key Points

• Shares down 3.9% to about $73.95 on Monday, with mid-day volume ~8.44M shares (a 52% decline from the average); the 50‑day and 200‑day moving averages are $103.61 and $91.56, respectively.
• Analyst outlook is mixed: the consensus rating is "Hold" with an average target of $102.87, while individual price targets vary widely (examples: Wedbush $150, UBS $95).
• Significant insider selling and weak results: CEO Jacob DeWitte sold 840,000 shares (cutting his stake ~34.7%) and insiders sold ~1.23M shares (~$110.4M) in the last 90 days; the company missed quarterly EPS (‑$0.20 vs. estimate ‑$0.13) and analysts forecast a large negative FY EPS (~‑8.2).

Shares of Oklo Inc. (NYSE:OKLO - Get Free Report) dropped 3.9% during trading on Monday . The stock traded as low as $73.76 and last traded at $73.9540. Approximately 8,436,066 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 17,736,588 shares. The stock had previously closed at $76.92.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. UBS Group lifted their target price on Oklo from $65.00 to $95.00 and gave the stock a "neutral" rating in a report on Wednesday, December 3rd. Wedbush reaffirmed an "outperform" rating and set a $150.00 price objective on shares of Oklo in a report on Wednesday, November 12th. Barclays set a $146.00 target price on Oklo in a research report on Monday, September 29th. Needham & Company LLC initiated coverage on shares of Oklo in a research report on Friday, December 5th. They issued a "buy" rating and a $135.00 price target on the stock. Finally, Bank of America lowered their price objective on shares of Oklo from $117.00 to $111.00 and set a "neutral" rating for the company in a research report on Wednesday, November 12th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Oklo currently has a consensus rating of "Hold" and an average target price of $102.87.

Oklo Price Performance

The business has a 50-day moving average of $103.61 and a 200-day moving average of $91.56. The company has a market capitalization of $11.56 billion, a P/E ratio of -136.95 and a beta of 0.73.

Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.07). During the same quarter last year, the company posted ($0.08) EPS. Sell-side analysts predict that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jacob Dewitte sold 840,000 shares of the stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $82.32, for a total value of $69,148,800.00. Following the sale, the chief executive officer directly owned 1,580,000 shares in the company, valued at approximately $130,065,600. This represents a 34.71% 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, CFO Richard Craig Bealmear sold 5,159 shares of the business's stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $76.97, for a total value of $397,088.23. Following the transaction, the chief financial officer owned 196,913 shares of the company's stock, valued at approximately $15,156,393.61. The trade was a 2.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,232,800 shares of company stock valued at $110,433,480 over the last 90 days. Insiders own 18.90% of the company's stock.

Institutional Trading of Oklo

Large investors have recently made changes to their positions in the stock. Black Swift Group LLC purchased a new stake in Oklo in the second quarter valued at about $280,000. Bouvel Investment Partners LLC purchased a new position in shares of Oklo in the 2nd quarter valued at approximately $2,263,000. Prospera Financial Services Inc boosted its stake in Oklo by 10.0% in the 2nd quarter. Prospera Financial Services Inc now owns 51,435 shares of the company's stock worth $2,880,000 after purchasing an additional 4,678 shares in the last quarter. Wealthedge Investment Advisors LLC purchased a new stake in Oklo during the 2nd quarter worth approximately $738,000. Finally, Strs Ohio purchased a new position in shares of Oklo in the second quarter worth $1,069,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

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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