Oklo (NYSE:OKLO) Shares Down 8.8% - Time to Sell?

Key Points

• Shares fell 8.8% intraday to $63 on Friday with volume below average, and the stock is trading well under its 50‑day ($79.83) and 200‑day ($95.90) moving averages (market cap ~$9.84B).
• Significant insider selling: CEO and CFO sold large blocks on Feb 2, and insiders have disposed of 1.75M shares (~$152M) over the past 90 days while still owning 18.9% of the company.
• Analyst view mixed but constructive: consensus is a "Moderate Buy" with an average target of $98.93, although Barclays cut its target to $82 and analyst ratings range from Strong Buy to Sell.

Oklo Inc. (NYSE:OKLO - Get Free Report)'s stock price fell 8.8% during mid-day trading on Friday . The company traded as low as $62.07 and last traded at $63.00. 8,123,381 shares traded hands during trading, a decline of 29% from the average session volume of 11,520,633 shares. The stock had previously closed at $69.07.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on OKLO shares. Barclays dropped their target price on Oklo from $146.00 to $82.00 and set an "overweight" rating for the company in a report on Monday. Wedbush reissued an "outperform" rating on shares of Oklo in a research note on Friday, January 9th. UBS Group reaffirmed a "neutral" rating on shares of Oklo in a research note on Monday, January 12th. Texas Capital raised shares of Oklo to a "strong-buy" rating in a research report on Tuesday, January 27th. Finally, William Blair reissued an "outperform" rating on shares of Oklo in a report on Wednesday, November 12th. 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Oklo presently has a consensus rating of "Moderate Buy" and an average target price of $98.93.

Oklo Trading Down 8.8%

The company's fifty day simple moving average is $79.83 and its 200 day simple moving average is $95.90. The firm has a market capitalization of $9.84 billion, a P/E ratio of -116.67 and a beta of 0.76.

Insider Activity

In other Oklo news, CFO Richard Craig Bealmear sold 9,726 shares of the company's stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $76.93, for a total transaction of $748,221.18. Following the transaction, the chief financial officer owned 196,913 shares in the company, valued at approximately $15,148,517.09. This represents a 4.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jacob Dewitte sold 140,000 shares of the firm's stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $75.18, for a total value of $10,525,200.00. Following the completion of the transaction, the chief executive officer owned 739,023 shares of the company's stock, valued at approximately $55,559,749.14. The trade was a 15.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,750,590 shares of company stock valued at $152,068,284 over the last 90 days. 18.90% of the stock is currently owned by company insiders.

Institutional Trading of Oklo

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caprock Group LLC purchased a new position in Oklo in the 3rd quarter worth about $14,829,000. Black Swift Group LLC purchased a new position in shares of Oklo during the second quarter valued at approximately $280,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Oklo by 48.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 164,860 shares of the company's stock valued at $18,403,000 after purchasing an additional 54,080 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Oklo by 298.6% in the third quarter. Envestnet Asset Management Inc. now owns 23,396 shares of the company's stock worth $2,612,000 after purchasing an additional 17,526 shares during the last quarter. Finally, 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 worth $2,880,000 after purchasing an additional 4,678 shares during the last quarter. 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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