Oklo (NYSE:OKLO) Shares Down 5.5% - Time to Sell?

Key Points

• Oklo shares fell 5.5% intraday to about $76.85, with roughly 7.05 million shares traded — ~60% below the stock's average daily volume.
• Analyst views are mixed: the consensus rating is Hold with an average price target of $102.87, while individual ratings range from Strong Buy to Sell.
• Insiders have sold heavily recently (1,232,800 shares worth ~$110.4M in the last 90 days) and the company missed the most recent quarter's EPS estimate (‑$0.20 vs. ‑$0.13), with negative EPS expected for the fiscal year.

Oklo Inc. (NYSE:OKLO - Get Free Report) shares dropped 5.5% during mid-day trading on Friday . The company traded as low as $76.16 and last traded at $76.8490. Approximately 7,049,355 shares changed hands during trading, a decline of 60% from the average daily volume of 17,773,947 shares. The stock had previously closed at $81.31.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OKLO. Citigroup reaffirmed a "neutral" rating on shares of Oklo in a research note on Monday, November 24th. Seaport Res Ptn raised shares of Oklo from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 8th. Zacks Research raised shares of Oklo from a "strong sell" rating to a "hold" rating in a report on Wednesday, November 19th. Wedbush restated an "outperform" rating and set a $150.00 target price on shares of Oklo in a report on Wednesday, November 12th. Finally, UBS Group increased their target price on Oklo from $65.00 to $95.00 and gave the company a "neutral" rating in a research report on Wednesday, December 3rd. 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $102.87.

Oklo Trading Down 5.5%

The company's 50-day moving average is $105.34 and its 200 day moving average is $90.97. The stock has a market capitalization of $12.01 billion, a PE ratio of -142.31 and a beta of 0.73.

Oklo (NYSE:OKLO - Get Free Report) last released its earnings results on Wednesday, November 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same quarter in the previous year, the business earned ($0.08) earnings per share. Sell-side analysts forecast that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Activity

In related news, CFO Richard Craig Bealmear sold 5,159 shares of Oklo stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $76.97, for a total transaction of $397,088.23. Following the completion of the transaction, the chief financial officer directly owned 196,913 shares in the company, valued at approximately $15,156,393.61. This trade represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William Carroll Murphy Goodwin sold 5,864 shares of the business's stock in a transaction on Monday, December 1st. The shares were sold at an average price of $88.42, for a total transaction of $518,494.88. Following the completion of the transaction, the insider owned 13,620 shares of the company's stock, valued at approximately $1,204,280.40. This represents a 30.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,232,800 shares of company stock valued at $110,433,480 in the last ninety days. Insiders own 18.90% of the company's stock.

Hedge Funds Weigh In On Oklo

Institutional investors and hedge funds have recently modified their holdings of the business. Black Swift Group LLC purchased a new stake in Oklo during the 2nd quarter worth approximately $280,000. Bouvel Investment Partners LLC acquired a new stake in shares of Oklo in the second quarter valued at $2,263,000. Prospera Financial Services Inc boosted its holdings in Oklo by 10.0% in the second quarter. Prospera Financial Services Inc now owns 51,435 shares of the company's stock valued at $2,880,000 after purchasing an additional 4,678 shares during the period. Strs Ohio purchased a new stake in Oklo during the 2nd quarter worth about $1,069,000. Finally, Wealthedge Investment Advisors LLC acquired a new stake in Oklo in the 2nd quarter valued at about $738,000. 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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