Oklo (NYSE:OKLO) Stock Price Down 7.6% on Disappointing Earnings

Key Points

• Oklo shares fell 7.6% to $44.74 after the company reported quarterly EPS of $(0.28), missing the $(0.16) analyst consensus, despite revenue of $1.21 million—up 11,900% year over year and above expectations.
• The company reported operational progress, including first criticality at its Groves Isotope Test Reactor in Texas, fuel-supply planning with Centrus, and continued development toward the planned 2028 Aurora startup.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and $85.03 target price, although several firms recently reduced their targets. Insiders sold roughly $29.9 million of stock over the past three months.

Shares of Oklo Inc. (NYSE:OKLO - Get Free Report) fell 7.6% during trading on Monday following a weaker than expected earnings announcement. The company traded as low as $44.13 and last traded at $44.74. Approximately 14,147,389 shares were traded during trading, an increase of 22% from the average daily volume of 11,589,963 shares. The stock had previously closed at $48.42.

The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.12). The company had revenue of $1.21 million for the quarter, compared to analysts' expectations of $0.09 million. The business's revenue for the quarter was up 11900.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.18) EPS.

Oklo News Roundup

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo’s Groves Isotope Test Reactor in Texas achieved first criticality less than a year after groundbreaking, supporting management’s execution claims and potentially strengthening its path toward commercial isotope production. Oklo’s Groves Reactor Hits Criticality In Under a Year
• Positive Sentiment: HC Wainwright reaffirmed a “buy” rating with a $90 price target, while Canaccord maintained “buy” with a reduced target of $100. These targets imply substantial potential upside if Oklo meets its commercialization milestones.
• Positive Sentiment: The company cited continued Department of Energy momentum, fuel-supply planning with Centrus and progress toward the planned 2028 Aurora startup. The DOE’s narrowed competition for Nuclear Lifecycle Innovation Campuses could also create broader contracting opportunities for the nuclear sector. Unlocking $50 Billion Across the Nuclear Value Chain

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Bank of America initiated coverage on Oklo in a research report on Friday, May 22nd. They set a "buy" rating and a $80.00 price target for the company. HSBC began coverage on Oklo in a report on Thursday, April 23rd. They issued a "buy" rating and a $96.00 price objective on the stock. Truist Financial decreased their target price on Oklo from $55.00 to $51.00 and set a "hold" rating for the company in a report on Monday. JPMorgan Chase & Co. started coverage on shares of Oklo in a research report on Monday, May 11th. They set a "neutral" rating and a $83.00 target price for the company. Finally, Canaccord Genuity Group cut their price target on shares of Oklo from $125.00 to $100.00 and set a "buy" rating on the stock in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Oklo presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.03.

Insider Activity at Oklo

In other news, CFO Richard Craig Bealmear sold 73,081 shares of the company's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $68.42, for a total value of $5,000,202.02. Following the completion of the sale, the chief financial officer owned 397,642 shares of the company's stock, valued at $27,206,665.64. This represents a 15.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jacob Dewitte sold 60,000 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $52.80, for a total value of $3,168,000.00. Following the completion of the sale, the chief executive officer owned 511,533 shares of the company's stock, valued at approximately $27,008,942.40. This trade represents a 10.50% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 483,629 shares of company stock worth $29,855,608. Corporate insiders own 12.70% of the company's stock.

Hedge Funds Weigh In On Oklo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. boosted its stake in shares of Oklo by 344.6% in the first quarter. Sei Investments Co. now owns 50,096 shares of the company's stock valued at $2,484,000 after purchasing an additional 38,829 shares during the period. DNB Asset Management AS increased its stake in Oklo by 151.7% during the 4th quarter. DNB Asset Management AS now owns 28,625 shares of the company's stock worth $2,054,000 after buying an additional 17,253 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Oklo by 109.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 345,237 shares of the company's stock worth $24,774,000 after buying an additional 180,377 shares during the period. Prakash Investment Advisors LLC acquired a new position in Oklo in the 4th quarter worth $1,246,000. Finally, M&T Bank Corp lifted its holdings in Oklo by 740.6% in the 4th quarter. M&T Bank Corp now owns 22,638 shares of the company's stock worth $1,625,000 after buying an additional 19,945 shares in the last quarter. 85.03% of the stock is owned by institutional investors and hedge funds.

Oklo Trading Down 7.6%

The business's 50-day simple moving average is $50.88 and its two-hundred day simple moving average is $60.34. The company has a market capitalization of $7.78 billion, a PE ratio of -47.60 and a beta of 1.17.

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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