Oklo (NYSE:OKLO) Stock Price Down 7.4% - Time to Sell?

Key Points

• Shares fell 7.4% to about $69.46 on Tuesday, with ~7.99 million shares trading (about 41% below its average daily volume) and the stock sitting well below its 50‑day ($87.08) and 200‑day ($97.12) moving averages.
• Analysts hold a consensus "Moderate Buy" with a $103.20 average price target; ratings are mixed (2 Strong Buy, 9 Buy, 5 Hold, 3 Sell) and price targets from recent notes range up to $122 (Cantor) and $106 (Goldman Sachs).
• Insiders have been selling material positions (CEO sold 60,000 shares, CFO sold 9,726 shares; insiders sold ~1.76M shares worth $153.3M over 90 days) while the company reported a quarterly EPS miss and street estimates call for ~‑8.2 EPS for the current fiscal year.

Oklo Inc. (NYSE:OKLO - Get Free Report) was down 7.4% on Tuesday . The stock traded as low as $69.13 and last traded at $69.46. Approximately 7,992,496 shares traded hands during trading, a decline of 41% from the average daily volume of 13,610,258 shares. The stock had previously closed at $75.05.

Analyst Ratings Changes

Several research analysts have recently commented on the company. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $106.00 price objective on shares of Oklo in a research note on Friday, January 9th. Wedbush restated an "outperform" rating on shares of Oklo in a research note on Friday, January 9th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $122.00 price target on shares of Oklo in a research report on Wednesday, November 12th. UBS Group reissued a "neutral" rating on shares of Oklo in a research note on Monday, January 12th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Oklo in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.20.

Oklo Trading Down 7.4%

The business has a 50-day moving average price of $87.08 and a 200 day moving average price of $97.12. The stock has a market capitalization of $10.85 billion, a P/E ratio of -128.63 and a beta of 0.76.

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

Insider Activity at Oklo

In other news, CFO Richard Craig Bealmear sold 9,726 shares of the business'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 of the company's stock, valued at approximately $15,148,517.09. The trade was a 4.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jacob Dewitte sold 60,000 shares of Oklo stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $74.45, for a total transaction of $4,467,000.00. Following the transaction, the chief executive officer directly owned 748,197 shares of the company's stock, valued at $55,703,266.65. The trade was a 7.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,762,526 shares of company stock valued at $153,283,847 over the last ninety days. Corporate insiders own 18.90% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Black Swift Group LLC purchased a new position in shares of Oklo during the 2nd quarter worth approximately $280,000. Mirae Asset Global Investments Co. Ltd. lifted its stake 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 worth $18,403,000 after purchasing an additional 54,080 shares in the last quarter. Prospera Financial Services Inc boosted its position in shares of Oklo by 10.0% during the second quarter. Prospera Financial Services Inc now owns 51,435 shares of the company's stock worth $2,880,000 after buying an additional 4,678 shares during the period. Wealthedge Investment Advisors LLC acquired a new stake in shares of Oklo in the second quarter valued at $738,000. Finally, Strs Ohio purchased a new stake in shares of Oklo in the 2nd quarter valued at $1,069,000. 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.

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.