Oklo (NYSE:OKLO) Stock Price Up 5.8% - Here's What Happened

Key Points

• Shares rose 5.8% to about $77.87 on Tuesday with ~10.6M shares traded (24% below average); the stock trades below its 50‑day ($88.83) and 200‑day ($96.98) moving averages, has a $12.17B market cap and a negative PE (-144.2) after reporting quarterly EPS of ($0.20).
• Analyst views are mixed but the MarketBeat consensus is a "Moderate Buy" with an average price target of $103.20, reflecting ratings from strong sell to buy (examples: BofA upgraded to buy, Canaccord initiated at buy $175 PT, Zacks cut to strong sell).
• Insiders have been selling recently — CEO Jacob Dewitte sold 26,740 shares (~$111 avg) and CFO Richard Bealmear sold 5,159 shares, with insiders offloading 1.55M shares (~$137.5M) last quarter — while institutional ownership is reported at about 85%.

Oklo Inc. (NYSE:OKLO - Get Free Report)'s stock price rose 5.8% during trading on Tuesday . The stock traded as high as $79.18 and last traded at $77.8670. Approximately 10,571,962 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 13,981,778 shares. The stock had previously closed at $73.62.

Wall Street Analyst Weigh In

Several analysts have issued reports on OKLO shares. Zacks Research lowered Oklo from a "hold" rating to a "strong sell" rating in a report on Friday, January 23rd. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $106.00 price objective on shares of Oklo in a research report on Friday, January 9th. Canaccord Genuity Group began coverage on shares of Oklo in a report on Thursday, October 9th. They issued a "buy" rating and a $175.00 target price for the company. Bank of America upgraded shares of Oklo from a "neutral" rating to a "buy" rating and raised their target price for the stock from $111.00 to $127.00 in a research note on Wednesday, January 21st. Finally, UBS Group reiterated a "neutral" rating on shares of Oklo in a research report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $103.20.

Oklo Stock Performance

The stock has a fifty day moving average of $88.83 and a 200 day moving average of $96.98. The company has a market capitalization of $12.17 billion, a PE ratio of -144.20 and a beta of 0.76.

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 earned ($0.08) EPS. As a group, equities analysts predict that Oklo Inc. will post -8.2 EPS for the current year.

Insider Buying and Selling at Oklo

In related news, CFO Richard Craig Bealmear sold 5,159 shares of the business's stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $76.97, for a total value of $397,088.23. Following the sale, the chief financial officer directly owned 196,913 shares in the company, valued at approximately $15,156,393.61. The trade was a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jacob Dewitte sold 26,740 shares of the firm's stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $111.38, for a total value of $2,978,301.20. Following the transaction, the chief executive officer owned 808,197 shares of the company's stock, valued at $90,016,981.86. This represents a 3.20% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,552,800 shares of company stock worth $137,543,426. Corporate insiders own 18.90% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Armstrong Advisory Group Inc. bought a new stake in Oklo in the third quarter worth $27,000. Gables Capital Management Inc. purchased a new position in shares of Oklo in the 3rd quarter worth $28,000. Nemes Rush Group LLC bought a new stake in shares of Oklo in the 3rd quarter worth about $28,000. CI Investments Inc. raised its position in shares of Oklo by 153.0% during the 3rd quarter. CI Investments Inc. now owns 296 shares of the company's stock valued at $33,000 after buying an additional 179 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in shares of Oklo in the 3rd quarter valued at about $33,000. 85.03% of the stock is currently owned by institutional investors.

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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