Oklo (NYSE:OKLO) CFO Richard Craig Bealmear Sells 16,430 Shares of Stock

Oklo Inc. (NYSE:OKLO) CFO Richard Bealmear sold 16,430 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $38.76, for a total transaction of $636,826.80. Following the sale, the chief financial officer directly owned 455,976 shares in the company, valued at approximately $17,673,629.76. This trade represents a 3.48% decrease in their ownership of the stock. The transaction 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.

Oklo Stock Up 0.9%

OKLO opened at $39.89 on Friday. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of -42.44 and a beta of 1.18. The firm has a 50-day moving average price of $44.33 and a 200-day moving average price of $55.60. Oklo Inc. has a twelve month low of $36.61 and a twelve month high of $193.84.

Oklo (NYSE:OKLO) last announced its quarterly 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 company had revenue of $1.21 million for the quarter, compared to the consensus estimate of $0.09 million. The company’s quarterly revenue was up 11900.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.18) EPS. On average, sell-side analysts expect that Oklo Inc. will post -0.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oklo

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its holdings in Oklo by 6.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,800 shares of the company’s stock worth $313,000 after purchasing an additional 174 shares in the last quarter. Citizens Financial Group Inc. RI boosted its stake in shares of Oklo by 1.0% during the 1st quarter. Citizens Financial Group Inc. RI now owns 18,704 shares of the company’s stock valued at $928,000 after purchasing an additional 182 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Oklo by 0.3% during the first quarter. The Manufacturers Life Insurance Company now owns 70,433 shares of the company’s stock valued at $3,493,000 after buying an additional 183 shares during the period. Triton Wealth Management PLLC increased its position in shares of Oklo by 1.3% during the first quarter. Triton Wealth Management PLLC now owns 14,760 shares of the company’s stock valued at $734,000 after buying an additional 191 shares during the period. Finally, Kestra Advisory Services LLC raised its stake in Oklo by 0.5% in the fourth quarter. Kestra Advisory Services LLC now owns 41,689 shares of the company’s stock worth $2,992,000 after buying an additional 197 shares in the last quarter. Institutional investors own 85.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. HC Wainwright reiterated a “buy” rating and issued a $90.00 price target on shares of Oklo in a research report on Monday, August 10th. JPMorgan Chase & Co. began coverage on Oklo in a research note on Monday, May 11th. They issued a “neutral” rating and a $83.00 target price for the company. Wedbush reaffirmed an “outperform” rating and set a $110.00 target price on shares of Oklo in a report on Tuesday, May 26th. Royal Bank Of Canada set a $80.00 price target on Oklo in a research report on Friday, May 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Oklo in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Oklo currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.03.

Oklo News Roundup

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: One analysis favors Oklo over NuScale Power after the sector sell-off, arguing that Oklo could capture greater future revenue opportunities. The comparison provides a bullish view of Oklo’s long-term commercial potential, although the company remains largely focused on future projects rather than established operating revenue. Better Small Modular Reactor Stock to Buy After the Sell-Off: Oklo vs. NuScale Power
• Neutral Sentiment: Holtec Nuclear’s planned initial public offering could increase investor interest in nuclear and small modular reactors, potentially benefiting the broader sector. However, Holtec would also become a better-capitalized public competitor with an existing revenue base, creating a new comparison point for Oklo investors. Holtec Nuclear IPO: A New Bet on the Nuclear Power Sector
• Negative Sentiment: Oklo insiders reported several stock sales: CEO Jacob DeWitte sold 120,000 shares for roughly $4.63 million, CFO Richard Bealmear sold 16,430 shares worth about $637,000 under a pre-arranged Rule 10b5-1 plan, and Chief Product Officer Alexandra Renner sold 1,930 shares worth approximately $74,000 to cover tax withholding. The CEO’s transactions are the most notable and may reinforce concerns about insider confidence, although the CFO’s sale was scheduled and Renner’s was tax-related. Oklo CEO insider sale Oklo CFO insider sale
• Negative Sentiment: Oklo is identified as having one of the highest short-interest levels in the utilities sector. Heavy short positioning signals strong bearish sentiment and can increase volatility, even though it also leaves room for a potential short squeeze if the company produces favorable operating or regulatory news. OKLO draws high short interest in utilities sector

Oklo Company Profile

Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.

The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.