Oklo (NYSE:OKLO) Trading Down 1.1% After Insider Selling

Key Points

• Oklo shares fell 1.1% to approximately $35.58 after director John M. Jansen sold 6,354 shares for about $233,000, reducing his position by 51.43%.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $83.26, although targets and ratings vary significantly.
• Oklo reported a quarterly loss of $0.28 per share, missing estimates, while revenue reached $1.21 million—up 11,900% year over year. Institutional investors own 85.03% of the company.

Oklo Inc. (NYSE:OKLO - Get Free Report) fell 1.1% on Wednesday after an insider sold shares in the company. The company traded as low as $34.73 and last traded at $35.5790. 7,748,860 shares changed hands during trading, a decline of 31% from the average daily volume of 11,303,872 shares. The stock had previously closed at $35.98.

Specifically, Director John M. Jansen sold 6,354 shares of the business's stock in a transaction on Monday, September 14th. The shares were sold at an average price of $36.67, for a total value of $233,001.18. Following the sale, the director directly owned 6,000 shares of the company's stock, valued at approximately $220,020. The trade was a 51.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wolfe Research began coverage on Oklo in a report on Tuesday, May 19th. They set a "peer perform" rating for the company. Barclays cut their price target on Oklo from $82.00 to $76.00 and set an "overweight" rating on the stock in a report on Wednesday, July 22nd. Royal Bank Of Canada set a $80.00 price objective on Oklo in a research report on Friday, May 22nd. Weiss Ratings reiterated a "sell (d-)" rating on shares of Oklo in a report on Friday, August 7th. Finally, Bank of America assumed coverage on Oklo in a research report on Friday, May 22nd. They issued a "buy" rating and a $80.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Oklo currently has a consensus rating of "Moderate Buy" and an average target price of $83.26.

Oklo Trading Down 1.1%

The firm's 50 day simple moving average is $42.42 and its 200-day simple moving average is $54.12. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of -37.85 and a beta of 1.18.

Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.12). The firm had revenue of $1.21 million for the quarter, compared to the consensus estimate of $0.09 million. Oklo's revenue was up 11900.0% on a year-over-year basis. During the same period last year, the company posted ($0.18) EPS. As a group, equities research analysts predict that Oklo Inc. will post -0.92 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Citizens Financial Group Inc. RI grew its stake in Oklo by 1.0% during the first quarter. Citizens Financial Group Inc. RI now owns 18,704 shares of the company's stock worth $928,000 after buying an additional 182 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Oklo by 0.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 70,433 shares of the company's stock worth $3,493,000 after acquiring an additional 183 shares during the period. Triton Wealth Management PLLC lifted its holdings in shares of Oklo by 1.3% during the 1st quarter. Triton Wealth Management PLLC now owns 14,760 shares of the company's stock worth $734,000 after acquiring an additional 191 shares during the period. Costello Asset Management INC boosted its position in shares of Oklo by 66.7% during the 1st quarter. Costello Asset Management INC now owns 500 shares of the company's stock worth $25,000 after acquiring an additional 200 shares in the last quarter. Finally, Copia Wealth Management boosted its position in shares of Oklo by 25.9% during the 4th quarter. Copia Wealth Management now owns 1,180 shares of the company's stock worth $85,000 after acquiring an additional 243 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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