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

Key Points

• Oklo shares fell 7.6% to $73.55 on Monday, trading about 11.3 million shares (roughly 20% below average) with the 50- and 200-day moving averages at $89.16 and $96.94.
• Analysts hold a “Moderate Buy” consensus with a $103.20 average price target; Bank of America recently upgraded Oklo to a Buy and lifted its target to $127.
• Heavy insider selling is underway—CEO Jacob Dewitte sold 840,000 shares and insiders disposed of 1,552,800 shares (~$137.5M) in the past three months—while the company reported an EPS miss (‑$0.20 vs. est. ‑$0.13) and shows a negative PE of -136.20.

Oklo Inc. (NYSE:OKLO - Get Free Report) shares fell 7.6% during trading on Monday . The stock traded as low as $73.29 and last traded at $73.55. 11,305,990 shares were traded during trading, a decline of 20% from the average session volume of 14,076,761 shares. The stock had previously closed at $79.62.

Analyst Ratings Changes

OKLO has been the subject of several recent research reports. UBS Group reiterated a "neutral" rating on shares of Oklo in a research report on Monday, January 12th. William Blair reaffirmed an "outperform" rating on shares of Oklo in a research note on Wednesday, November 12th. Needham & Company LLC restated a "buy" rating on shares of Oklo in a report on Friday, January 9th. Wedbush reissued an "outperform" rating on shares of Oklo in a research report on Friday, January 9th. Finally, Bank of America upgraded Oklo from a "neutral" rating to a "buy" rating and lifted their price target for the company from $111.00 to $127.00 in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $103.20.

Oklo Trading Down 7.6%

The firm's fifty day moving average is $89.16 and its 200 day moving average is $96.94. The company has a market cap of $11.49 billion, a PE ratio of -136.20 and a beta of 0.76.

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

Insider Activity at Oklo

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Oklo by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 11,637,504 shares of the company's stock worth $835,107,000 after acquiring an additional 44,036 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Oklo by 71.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company's stock worth $792,822,000 after buying an additional 2,968,981 shares in the last quarter. Van ECK Associates Corp grew its stake in Oklo by 61.0% in the 3rd quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company's stock worth $387,914,000 after acquiring an additional 1,316,867 shares during the period. Geode Capital Management LLC grew its position in shares of Oklo by 195.9% in the second quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company's stock valued at $125,906,000 after purchasing an additional 1,488,482 shares during the period. Finally, State Street Corp grew its holdings in Oklo by 454.5% in the 2nd quarter. State Street Corp now owns 2,138,658 shares of the company's stock valued at $119,743,000 after buying an additional 1,752,946 shares during the period. Institutional investors and hedge funds 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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