Oklo (NYSE:OKLO) General Counsel Vivek Narayanadas Sells 1,021 Shares of Company Stock

Oklo Inc. (NYSE:OKLO) General Counsel Vivek Narayanadas sold 1,021 shares of the stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $26.50, for a total transaction of $27,056.50. Following the sale, the general counsel directly owned 10,669 shares in the company, valued at $282,728.50. This trade represents a 8.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, October 19th, Vivek Narayanadas sold 2,359 shares of Oklo stock. The stock was sold at an average price of $27.63, for a total transaction of $65,179.17.
• On Friday, October 9th, Vivek Narayanadas sold 364 shares of Oklo stock. The stock was sold at an average price of $34.69, for a total transaction of $12,627.16.
• 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 shares were sold at an average price of $43.31, for a total value 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 value of $10,010.28.
• On Friday, September 4th, Vivek Narayanadas sold 538 shares of Oklo stock. The stock was sold at an average price of $39.88, for a total value of $21,455.44.
• On Tuesday, August 25th, Vivek Narayanadas sold 223 shares of Oklo stock. The stock was sold at an average price of $40.80, for a total value of $9,098.40.
• On Monday, August 24th, Vivek Narayanadas sold 3,264 shares of Oklo stock. The stock was sold at an average price of $39.77, for a total value of $129,809.28.

Oklo Stock Performance

Shares of NYSE:OKLO traded down $0.84 during midday trading on Thursday, reaching $26.89. 7,711,173 shares of the company’s stock traded hands, compared to its average volume of 11,116,092. The company has a market cap of $5.00 billion, a price-to-earnings ratio of -28.61 and a beta of 1.20. Oklo Inc. has a one year low of $26.31 and a one year high of $152.06. The stock has a 50 day moving average of $37.86 and a 200 day moving average of $49.97.

Oklo (NYSE:OKLO) last released its quarterly earnings data on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The company had revenue of $1.21 million during the quarter, compared to the consensus estimate of $0.09 million. During the same quarter in the previous year, the business earned ($0.18) earnings per share. Oklo’s revenue was up 11900.0% compared to the same quarter last year. Sell-side analysts predict that Oklo Inc. will post -1.00 EPS for the current fiscal year.

Hedge Funds Weigh In On Oklo

A number of institutional investors and hedge funds have recently made changes to their positions in OKLO. SHP Wealth Management bought a new stake in Oklo during the fourth quarter valued at approximately $32,000. Costello Asset Management INC boosted its stake 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 during the last quarter. Ascentis Independent Advisors purchased a new position in shares of Oklo during the 1st quarter worth $33,000. TD Waterhouse Canada Inc. grew its position in shares of Oklo by 200.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,124 shares of the company’s stock valued at $41,000 after acquiring an additional 750 shares during the period. Finally, MCF Advisors LLC increased 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 worth $82,000 after purchasing an additional 1,041 shares in the last quarter. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Canaccord Genuity Group reduced their price target on shares of Oklo from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Oklo in a report on Friday, August 7th. Piper Sandler decreased their target price on shares of Oklo from $55.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday. Truist Financial lowered their price target on Oklo from $51.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Citigroup dropped their price target on Oklo from $57.50 to $33.00 and set a “neutral” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.47.

Key Oklo News

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: ARK Investment Management purchased approximately $3.42 million of Oklo and X-Energy shares across several exchange-traded funds. The buying may provide a sentiment boost and signals continued institutional interest despite the stock’s steep decline. ARK Invest purchases Oklo shares
• Positive Sentiment: Oklo is advancing its Groves 2 Forge isotope-production project through the U.S. Department of Energy’s Nuclear Energy Launch Pad initiative. The facility could expand Oklo’s opportunity into medical isotopes and radiopharmaceutical supply, although meaningful revenue is likely years away. Oklo Groves 2 Forge DOE role
• Positive Sentiment: Oklo’s customer pipeline reportedly spans multiple gigawatts, while progress on regulatory milestones for its Aurora and Groves projects improves the possibility of future commercialization. However, the projects still require additional licensing, execution and financing milestones. Oklo advanced nuclear opportunity
• Neutral Sentiment: General Counsel Vivek Narayanadas sold 2,359 shares for about $65,179 under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards. The planned nature of the transaction makes it a limited discretionary signal. SEC Form 4 filing
• Negative Sentiment: Truist cut its price target to $31 from $51 and maintained a Hold rating ahead of third-quarter results. The reduction followed target cuts from Piper Sandler, Barclays and Citi, reinforcing concerns about valuation, execution risk and the time required to develop Oklo’s projects. Truist lowers Oklo price target
• Negative Sentiment: Investors are also watching for another quarterly loss: Oklo previously missed EPS expectations, and analysts expect the company to remain unprofitable. Upcoming earnings could heighten volatility if management provides weak project, licensing or financing updates.

Oklo Company Profile

Oklo Inc is an advanced nuclear technology company developing compact fission power plants designed to provide reliable, carbon-free electricity. Its flagship product, the Aurora powerhouse, is a small modular reactor intended to operate with a high degree of fuel efficiency and to supply power directly to customers such as utilities, industrial facilities, data centers and other energy-intensive operations.

The company is also developing fuel-recycling capabilities intended to convert used nuclear fuel and other material into fuel for advanced reactors.