Oklo (NYSE:OKLO) Shares Down 7.6% - Here's Why

Key Points

• Shares fell 7.6% midday to $79.50 (prior close $86.04) with ~10.65M shares traded, about 25% below average, and the stock sits below its 50‑ and 200‑day moving averages; market cap is ~$12.4B.
• Oklo missed quarterly EPS (reported -$0.20 vs. -$0.13 expected) and analysts forecast a deeply negative FY EPS, though the consensus rating is a Moderate Buy with an average target of $103.20.
• Significant insider selling has occurred recently—CEO Jacob Dewitte sold 840,000 shares for roughly $69.15M, and insiders have sold about 1.55M shares (~$137.5M) in the last 90 days, while insiders still hold ~18.9% of the stock.

Oklo Inc. (NYSE:OKLO - Get Free Report) shares were down 7.6% during mid-day trading on Friday . The company traded as low as $78.91 and last traded at $79.50. Approximately 10,653,737 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 14,274,839 shares. The stock had previously closed at $86.04.

Analyst Ratings Changes

Several analysts have issued reports on the company. William Blair reaffirmed an "outperform" rating on shares of Oklo in a research note on Wednesday, November 12th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $106.00 target price on shares of Oklo in a report on Friday, January 9th. UBS Group reiterated a "neutral" rating on shares of Oklo in a research report on Monday, January 12th. Citigroup restated a "neutral" rating on shares of Oklo in a research report on Monday, November 24th. Finally, Canaccord Genuity Group started coverage on Oklo in a report on Thursday, October 9th. They issued a "buy" rating and a $175.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $103.20.

Oklo Trading Down 7.6%

The company has a market cap of $12.42 billion, a PE ratio of -147.22 and a beta of 0.76. The stock has a 50 day moving average price of $89.33 and a 200 day moving average price of $96.35.

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

Insider Transactions at Oklo

In related news, CEO Jacob Dewitte sold 840,000 shares of the business's stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $82.32, for a total transaction of $69,148,800.00. Following the completion of the transaction, the chief executive officer directly owned 1,580,000 shares in the company, valued at approximately $130,065,600. The trade was a 34.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider William Carroll Murphy Goodwin sold 11,936 shares of the firm's stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $101.84, for a total transaction of $1,215,562.24. Following the sale, the insider owned 8,750 shares in the company, valued at approximately $891,100. The trade was a 57.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,552,800 shares of company stock worth $137,543,426 in the last 90 days. 18.90% of the stock is currently owned by insiders.

Institutional Trading of Oklo

A number of hedge funds and other institutional investors have recently modified their holdings of OKLO. Plancorp LLC lifted its position in shares of Oklo by 1.2% in the third quarter. Plancorp LLC now owns 6,089 shares of the company's stock worth $680,000 after buying an additional 73 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Oklo by 3.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,622 shares of the company's stock worth $293,000 after buying an additional 94 shares during the period. Prestige Wealth Management Group LLC raised its stake in shares of Oklo by 1.5% during the third quarter. Prestige Wealth Management Group LLC now owns 7,066 shares of the company's stock valued at $789,000 after acquiring an additional 101 shares in the last quarter. Meriwether Wealth & Planning LLC lifted its holdings in shares of Oklo by 2.7% in the 4th quarter. Meriwether Wealth & Planning LLC now owns 4,545 shares of the company's stock worth $326,000 after buying an additional 120 shares during the period. Finally, Rossby Financial LCC lifted its stake in Oklo by 75.0% in the third quarter. Rossby Financial LCC now owns 350 shares of the company's stock worth $41,000 after acquiring an additional 150 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.