Oklo (NYSE:OKLO) Stock: Insider Vivek Narayanadas Sells 364 Shares

Oklo Inc. (NYSE:OKLO – Get Free Report) General Counsel Vivek Narayanadas sold 364 shares of Oklo stock in a transaction on Friday, October 9th. The stock was sold at an average price of $34.69, for a total value of $12,627.16. Following the sale, the general counsel owned 8,769 shares of the company’s stock, valued at approximately $304,196.61. This trade represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Vivek Narayanadas also recently made the following trade(s):

  • On Tuesday, October 6th, Vivek Narayanadas sold 288 shares of Oklo stock. The stock was sold at an average price of $37.29, for a total transaction of $10,739.52.
  • On Monday, October 5th, Vivek Narayanadas sold 649 shares of Oklo stock. The stock was sold at an average price of $35.93, for a total transaction of $23,318.57.
  • On Wednesday, September 9th, Vivek Narayanadas sold 365 shares of Oklo stock. The stock was sold at an average price of $43.31, for a total transaction of $15,808.15.
  • On Tuesday, September 8th, Vivek Narayanadas sold 238 shares of Oklo stock. The shares were sold at an average price of $42.06, for a total transaction of $10,010.28.
  • On Friday, September 4th, Vivek Narayanadas sold 538 shares of Oklo stock. The shares were sold at an average price of $39.88, for a total transaction of $21,455.44.
  • On Tuesday, August 25th, Vivek Narayanadas sold 223 shares of Oklo stock. The shares were sold at an average price of $40.80, for a total transaction of $9,098.40.
  • On Monday, August 24th, Vivek Narayanadas sold 3,264 shares of Oklo stock. The shares were sold at an average price of $39.77, for a total transaction of $129,809.28.

Oklo Price Performance

Shares of OKLO stock opened at $29.10 on Thursday. The company has a market capitalization of $5.41 billion, a P/E ratio of -30.96 and a beta of 1.20. The company’s 50-day simple moving average is $39.60 and its two-hundred day simple moving average is $50.68. Oklo Inc. has a one year low of $28.86 and a one year high of $193.84.

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 analysts’ consensus estimates of ($0.16) by ($0.12). The firm had revenue of $1.21 million for the quarter, compared to analyst estimates of $0.09 million. During the same quarter in the previous year, the business posted ($0.18) earnings per share. The business’s revenue for the quarter was up 11900.0% on a year-over-year basis. On average, research analysts expect that Oklo Inc. will post -1.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Oklo

Several hedge funds have recently modified their holdings of OKLO. Bank of New York Mellon Corp bought a new position in shares of Oklo in the 2nd quarter worth $24,532,000. Bank of America Corp DE boosted its position in Oklo by 55.3% during the first quarter. Bank of America Corp DE now owns 620,281 shares of the company’s stock valued at $30,760,000 after purchasing an additional 220,976 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in Oklo by 427.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 171,128 shares of the company’s stock valued at $12,280,000 after purchasing an additional 138,659 shares in the last quarter. Hsbc Holdings PLC boosted its position in Oklo by 1,184.4% during the fourth quarter. Hsbc Holdings PLC now owns 112,372 shares of the company’s stock valued at $8,063,000 after purchasing an additional 103,623 shares in the last quarter. Finally, Amundi grew its stake in Oklo by 59.0% in the first quarter. Amundi now owns 164,824 shares of the company’s stock valued at $8,174,000 after purchasing an additional 61,161 shares during the last quarter. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo News Summary

Here are the key news stories impacting Oklo this week:

  • Positive Sentiment: Oklo said it will advance its Groves 2 Forge isotope-production facility through the U.S. Department of Energy’s Nuclear Energy Launch Pad initiative. The project could expand Oklo into medical isotopes used in cancer treatment and other high-value applications. Oklo to Advance Groves 2 Forge
  • Positive Sentiment: Progress on reactor milestones, material procurement and laboratory capabilities is supporting Oklo’s isotope strategy and may provide an additional long-term growth opportunity alongside its Aurora nuclear power systems. OKLO Builds on Groves Progress
  • Neutral Sentiment: Broader interest in nuclear power remains evident, including Alphabet’s long-term commitment to electricity from future Constellation Energy reactors. However, the announcement primarily benefits established nuclear operators and does not immediately resolve Oklo’s commercialization risk. Google Signed a Deal for Existing Reactors
  • Negative Sentiment: Oklo launched another $1 billion stock sale at a substantially lower share price than its prior financing. The offering provides capital for development but increases the number of shares outstanding, creating further dilution for existing shareholders. Oklo Launched Another $1 Billion Stock Sale
  • Negative Sentiment: Rising long-term Treasury yields, including a 10-year yield near 5.26%, are pressuring speculative nuclear stocks because their expected cash flows are still years away. The sector-wide selloff is adding to OKLO’s weakness. Nuclear Stocks Fall as Treasury Yields Rise
  • Negative Sentiment: The stock remains far below its 52-week high, reflecting investor skepticism about valuation, execution and the time required to generate meaningful revenue. Oklo Stock Hits a New 52-Week Low
  • Neutral Sentiment: General Counsel Vivek Narayanadas sold a small number of shares under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested awards. The transaction has limited signal because it was planned and tax-related. Oklo Insider Trading Activity

Analyst Upgrades and Downgrades

Several research analysts have commented on OKLO shares. Weiss Ratings restated a “sell (d-)” rating on shares of Oklo in a report on Friday, August 7th. Citigroup lowered their target price on Oklo from $76.00 to $57.50 and set a “neutral” rating for the company in a report on Monday, August 10th. Guggenheim initiated coverage on Oklo in a research report on Thursday, June 25th. They set a “neutral” rating on the stock. Canaccord Genuity Group dropped their price target on Oklo from $125.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Finally, Piper Sandler restated an “overweight” rating on shares of Oklo in a research note on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.44.

View Our Latest Analysis on OKLO

About Oklo

(Get Free Report)

Oklo Inc is an advanced fission technology company developing compact nuclear power plants designed to provide reliable, carbon-free electricity. Its flagship Aurora powerhouse is a small-scale fission system intended to operate for extended periods and supply power directly to industrial, commercial, and other large energy users.

The company is also developing fuel-recycling capabilities to support the use of recovered nuclear fuel in advanced reactors. Oklo has pursued partnerships and regulatory work in the United States, including activities associated with the Idaho National Laboratory, and is initially focused on serving U.S.

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Insider Buying and Selling by Quarter for Oklo (NYSE:OKLO)

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