Oklo Inc. (NYSE:OKLO – Get Free Report)’s share price shot up 13.8% during mid-day trading on Monday following a stronger than expected earnings report. The stock traded as high as $27.73 and last traded at $26.8080. 19,867,100 shares were traded during mid-day trading, an increase of 78% from the average daily volume of 11,154,708 shares. The stock had previously closed at $23.55.
The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.05. The business had revenue of $1.86 million for the quarter, compared to analyst estimates of $1.03 million. During the same quarter last year, the company earned ($0.20) EPS.
Key Oklo News
Here are the key news stories impacting Oklo this week:
- Positive Sentiment: Oklo reported a smaller-than-expected Q3 loss of $0.22 per share and revenue of $1.86 million, above estimates. Its earnings call also highlighted work on reactor construction, fuel fabrication and isotope production, alongside $3.1 billion in liquidity. OKLO Q3 Earnings Call Highlights Reactor and Fuel Expansion Plans
- Positive Sentiment: The company secured U.S. manufacturing capacity for components for 27 Aurora reactor modules. The agreement could support future deployments and reduce supply-chain bottlenecks, though deliveries are expected to begin in 2030. Oklo Secures U.S. Forging Capacity for Future Aurora Expansion
- Positive Sentiment: Canaccord cut its price target to $66 but kept a Buy rating; Wedbush and H.C. Wainwright also reiterated positive ratings, with targets of $36 and $90, respectively. Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Negative Sentiment: Investors still face substantial execution and financing risks: licensing and deployment could take time, catalysts remain distant, and Oklo may need additional stock offerings before it can become profitable. Should You Buy Oklo Stock While It’s Under $30?
Analyst Ratings Changes
A number of research analysts recently commented on OKLO shares. Canaccord Genuity Group lowered their price objective on Oklo from $100.00 to $66.00 and set a “buy” rating for the company in a research note on Monday. Piper Sandler cut their target price on Oklo from $55.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. B. Riley Financial reduced their price target on shares of Oklo from $92.00 to $61.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Oklo in a research report on Wednesday. Finally, Barclays dropped their price objective on shares of Oklo from $76.00 to $59.00 and set an “overweight” rating on the stock in a report on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Oklo has a consensus rating of “Moderate Buy” and an average price target of $67.83.
Read Our Latest Analysis on Oklo
Insider Transactions at Oklo
In other Oklo news, CFO Richard Bealmear sold 16,727 shares of Oklo stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $25.55, for a total transaction of $427,374.85. Following the sale, the chief financial officer owned 467,261 shares of the company’s stock, valued at $11,938,518.55. The trade was a 3.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Vivek Narayanadas sold 1,021 shares of the business’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $26.50, for a total value of $27,056.50. Following the transaction, the general counsel owned 10,669 shares of the company’s stock, valued at $282,728.50. This trade represents a 8.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 350,203 shares of company stock worth $12,424,945 over the last quarter. Insiders own 12.70% of the company’s stock.
Institutional Investors Weigh In On Oklo
Institutional investors have recently bought and sold shares of the stock. Costello Asset Management INC grew its position in Oklo by 66.7% in the 1st quarter. Costello Asset Management INC now owns 500 shares of the company’s stock valued at $25,000 after buying an additional 200 shares in the last quarter. Jacobi Capital Management LLC bought a new stake in shares of Oklo during the 3rd quarter worth about $27,000. Ascentis Independent Advisors acquired a new stake in shares of Oklo in the 1st quarter worth approximately $33,000. OLD Second National Bank of Aurora lifted its stake in shares of Oklo by 142.1% in the 3rd quarter. OLD Second National Bank of Aurora now owns 1,029 shares of the company’s stock worth $38,000 after acquiring an additional 604 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of Oklo by 200.5% in the third 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 in the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.
Oklo Price Performance
The firm’s fifty day moving average price is $33.56 and its 200-day moving average price is $52.36. The firm has a market capitalization of $4.99 billion, a P/E ratio of -27.92 and a beta of 1.31.
Oklo Company Profile
Oklo Inc develops advanced nuclear fission power plants designed to provide reliable, carbon-free electricity. Its Aurora powerhouse concept uses fast-reactor technology and is designed to operate with metallic fuel, including fuel derived from recycled nuclear material. Oklo is developing its technology and has not yet established a commercial operating fleet.
The company plans to supply electricity through long-term power agreements rather than relying solely on equipment sales. Its prospective customers include data centers, industrial facilities, and other users seeking dependable power, with its development efforts focused primarily on the United States.
Founded in 2013, Oklo is headquartered in Santa Clara, California.
Further Reading
- Five stocks we like better than Oklo
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Receive News & Ratings for Oklo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oklo and related companies with MarketBeat.com's FREE daily email newsletter.
