Oklo (NYSE:OKLO) Stock Price Down 1.5% - What's Next?

Key Points

• Oklo shares fell 1.5% to about $38.25, with trading volume 35% below the average session level. The stock remains below its 50-day and 200-day moving averages of $41.40 and $53.03, respectively.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $83.26, although several firms recently lowered their targets.
• Oklo reported a quarterly loss of $0.28 per share, missing estimates by $0.12, while revenue reached $1.21 million—up 11,900% year over year. Insiders have sold approximately $16.85 million of stock over the past 90 days.

Oklo Inc. (NYSE:OKLO - Get Free Report) was down 1.5% during trading on Thursday. The stock traded as low as $37.56 and last traded at $38.2520. 7,316,369 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 11,292,212 shares. The stock had previously closed at $38.82.

Analysts Set New Price Targets

Several brokerages have weighed in on OKLO. Weiss Ratings reissued a "sell (d-)" rating on shares of Oklo in a report on Friday, August 7th. UBS Group lowered their price target on shares of Oklo from $60.00 to $55.00 and set a "neutral" rating for the company in a research report on Thursday, June 11th. Piper Sandler began coverage on shares of Oklo in a research note on Tuesday, September 8th. They set an "overweight" rating and a $55.00 price target for the company. Citigroup cut their price objective on shares of Oklo from $76.00 to $57.50 and set a "neutral" rating on the stock in a report on Monday, August 10th. Finally, Barclays reduced their price objective on shares of Oklo from $82.00 to $76.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $83.26.

Oklo Trading Down 1.5%

The firm has a market cap of $7.12 billion, a P/E ratio of -40.69 and a beta of 1.18. The firm's 50 day moving average is $41.40 and its two-hundred day moving average is $53.03.

Oklo (NYSE:OKLO - Get Free Report) last issued its earnings results on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The business had revenue of $1.21 million for the quarter, compared to analysts' expectations of $0.09 million. The business's quarterly revenue was up 11900.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.18) earnings per share. Analysts predict that Oklo Inc. will post -0.96 EPS for the current fiscal year.

Insider Buying and Selling

In other Oklo news, CFO Richard Bealmear sold 16,430 shares of Oklo stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $38.76, for a total value of $636,826.80. Following the transaction, the chief financial officer owned 455,976 shares of the company's stock, valued at approximately $17,673,629.76. The trade was a 3.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John M. Jansen sold 6,354 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $36.67, for a total transaction of $233,001.18. Following the sale, the director directly owned 6,000 shares of the company's stock, valued at $220,020. This represents a 51.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 362,030 shares of company stock valued at $16,851,123. 12.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Oklo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OKLO. MCF Advisors LLC raised its stake in shares of Oklo by 201.0% in the 2nd quarter. MCF Advisors LLC now owns 1,559 shares of the company's stock valued at $82,000 after purchasing an additional 1,041 shares during the period. Integrated Wealth Concepts LLC lifted its stake in Oklo by 74.2% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 12,731 shares of the company's stock valued at $666,000 after acquiring an additional 5,423 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Oklo by 15.2% in the 2nd quarter. NewEdge Advisors LLC now owns 41,362 shares of the company's stock valued at $2,164,000 after acquiring an additional 5,468 shares in the last quarter. IFP Advisors Inc boosted its position in Oklo by 6.6% during the 2nd quarter. IFP Advisors Inc now owns 7,143 shares of the company's stock worth $374,000 after acquiring an additional 441 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of Oklo by 21.1% during the 2nd quarter. Allworth Financial LP now owns 3,815 shares of the company's stock worth $200,000 after acquiring an additional 666 shares in the last quarter. 85.03% of the stock is owned by institutional investors and hedge funds.

About Oklo

Oklo Inc is an advanced nuclear technology company focused on developing and commercializing small-scale fission power plants. The company's flagship product, the Aurora powerhouse, is designed to provide reliable, long-term electricity and heat using advanced nuclear reactor technology. Oklo is targeting applications such as industrial operations, data centers, defense facilities and other customers that require dependable, low-carbon energy.

Oklo is also developing fuel-recycling capabilities intended to use certain forms of nuclear fuel more efficiently and reduce the volume of nuclear waste requiring disposal.

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