Oklo (NYSE:OKLO) Trading Down 1.2% - What's Next?

Key Points

• Oklo shares fell 1.2% to $43.86, with trading volume 48% below the stock’s average daily volume. The shares remain below their 50-day and 200-day moving averages of $48.84 and $58.84, respectively.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $85.03. However, recent targets varied widely, including Citigroup’s reduction to $57.50 and HC Wainwright’s $90 target.
• Oklo reported a quarterly loss of $0.28 per share, missing the $0.16 consensus estimate, while revenue reached $1.21 million—up 11,900% year over year. Insiders have sold approximately $29.9 million of stock over the past 90 days, although institutional investors own 85.03% of shares.

Shares of Oklo Inc. (NYSE:OKLO - Get Free Report) were down 1.2% during trading on Monday . The company traded as low as $43.50 and last traded at $43.86. 5,976,025 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 11,493,653 shares. The stock had previously closed at $44.38.

Analysts Set New Price Targets

Several analysts have recently weighed in on OKLO shares. HC Wainwright reaffirmed a "buy" rating and set a $90.00 price target on shares of Oklo in a research note on Monday, August 10th. Wolfe Research initiated coverage on Oklo in a research note on Tuesday, May 19th. They issued a "peer perform" rating on the stock. Barclays reduced their price objective on Oklo from $82.00 to $76.00 and set an "overweight" rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings reiterated a "sell (d-)" rating on shares of Oklo in a report on Friday, August 7th. Finally, Citigroup dropped their price target on Oklo from $76.00 to $57.50 and set a "neutral" rating on the stock in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $85.03.

Oklo Trading Down 1.2%

The firm's 50-day moving average price is $48.84 and its two-hundred day moving average price is $58.84. The stock has a market cap of $8.16 billion, a PE ratio of -46.66 and a beta of 1.17.

Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The company had revenue of $1.21 million for the quarter, compared to the consensus estimate of $0.09 million. The firm's revenue for the quarter was up 11900.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.18) earnings per share. On average, analysts anticipate that Oklo Inc. will post -0.9 earnings per share for the current year.

Insider Buying and Selling at Oklo

In other news, CFO Richard Craig Bealmear sold 73,081 shares of Oklo stock in a transaction on 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 transaction, the chief financial officer directly owned 397,642 shares in the company, valued at approximately $27,206,665.64. This trade represents a 15.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider William Carroll Murphy Goodwin sold 10,548 shares of the business's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $58.04, for a total value of $612,205.92. Following the completion of the transaction, the insider directly owned 36,175 shares of the company's stock, valued at approximately $2,099,597. The trade was a 22.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 483,629 shares of company stock valued at $29,855,608. 12.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Oklo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. grew its stake in Oklo by 344.6% during the 1st 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 last quarter. DNB Asset Management AS raised its stake in shares of Oklo by 151.7% in the fourth quarter. DNB Asset Management AS now owns 28,625 shares of the company's stock worth $2,054,000 after purchasing an additional 17,253 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Oklo by 109.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 345,237 shares of the company's stock worth $24,774,000 after purchasing an additional 180,377 shares during the last quarter. Prakash Investment Advisors LLC acquired a new stake in shares of Oklo during the fourth quarter worth about $1,246,000. Finally, M&T Bank Corp lifted its holdings in shares of Oklo by 740.6% during the fourth quarter. M&T Bank Corp now owns 22,638 shares of the company's stock worth $1,625,000 after purchasing an additional 19,945 shares during the period. Hedge funds and other institutional investors 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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