Oklo (NYSE:OKLO) Shares Down 4.4% - What's Next?

Key Points

• Oklo shares fell 4.4% to about $46.60 on Tuesday, with ~6.32M shares traded (down 38% vs. the ~10.18M average), and the stock sits well below its 50‑day ($63.16) and 200‑day ($92.40) moving averages.
• Analysts have a consensus rating of Moderate Buy with a consensus target price of $84.30, though coverage is mixed (2 Strong Buy, 9 Buy, 6 Hold, 2 Sell).
• Oklo missed quarterly EPS (−$0.27 vs. −$0.17) and analysts forecast −8.2 EPS for the year, and insiders have sold ~1.24M shares (~$93.6M) in the past three months while insiders still own 18.9% of the stock.

Shares of Oklo Inc. (NYSE:OKLO - Get Free Report) were down 4.4% on Tuesday . The company traded as low as $44.91 and last traded at $46.6020. Approximately 6,315,085 shares were traded during trading, a decline of 38% from the average daily volume of 10,184,155 shares. The stock had previously closed at $48.76.

Analyst Ratings Changes

A number of research analysts have commented on the company. Craig Hallum restated a "hold" rating on shares of Oklo in a research note on Wednesday, March 18th. Weiss Ratings restated a "sell (d)" rating on shares of Oklo in a research note on Thursday, January 22nd. HC Wainwright restated a "buy" rating and issued a $90.00 target price on shares of Oklo in a research note on Wednesday, March 18th. Wedbush restated an "outperform" rating on shares of Oklo in a research note on Friday, January 9th. Finally, Zacks Research upgraded Oklo from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 19th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Oklo currently has an average rating of "Moderate Buy" and a consensus target price of $84.30.

Oklo Stock Down 4.4%

The company has a market cap of $8.09 billion, a price-to-earnings ratio of -64.72 and a beta of 0.93. The business has a 50-day simple moving average of $63.16 and a two-hundred day simple moving average of $92.40.

Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings data on Tuesday, March 17th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.10). During the same period last year, the business earned ($0.74) earnings per share. As a group, equities analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current year.

Insider Activity

In related news, CEO Jacob Dewitte sold 231,657 shares of the business's stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $99.25, for a total transaction of $22,991,957.25. Following the completion of the transaction, the chief executive officer owned 827,019 shares of the company's stock, valued at approximately $82,081,635.75. The trade was a 21.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard Craig Bealmear sold 72,090 shares of the business's stock in a transaction dated 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 directly owned 386,008 shares of the company's stock, valued at $23,160,480. This represents a 15.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,238,766 shares of company stock valued at $93,585,861 in the last three months. 18.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Oklo

Large investors have recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. acquired a new position in Oklo in the 3rd quarter valued at approximately $27,000. Gables Capital Management Inc. acquired a new position in Oklo in the 3rd quarter valued at approximately $28,000. Nemes Rush Group LLC acquired a new position in Oklo in the 3rd quarter valued at approximately $28,000. CI Investments Inc. raised its holdings in Oklo by 153.0% in the 3rd quarter. CI Investments Inc. now owns 296 shares of the company's stock valued at $33,000 after acquiring an additional 179 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in Oklo in the 3rd quarter valued at approximately $33,000. Institutional investors and hedge funds 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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