Oklo (NYSE:OKLO) General Counsel Sells $21,455.44 in Stock

Oklo Inc. (NYSE:OKLO) General Counsel Vivek Narayanadas sold 538 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $39.88, for a total value of $21,455.44. Following the sale, the general counsel directly owned 8,075 shares of the company’s stock, valued at $322,031. This represents a 6.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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, 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 Stock Performance

Shares of OKLO stock traded up $1.96 on Tuesday, hitting $43.23. 13,879,886 shares of the company’s stock traded hands, compared to its average volume of 11,303,067. The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of -45.99 and a beta of 1.18. The company’s fifty day simple moving average is $43.93 and its 200 day simple moving average is $55.24. Oklo Inc. has a one year low of $36.61 and a one year high of $193.84.

Oklo (NYSE:OKLO) last released its quarterly earnings data on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.12). The firm had revenue of $1.21 million during the quarter, compared to analysts’ expectations of $0.09 million. During the same period 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. As a group, sell-side analysts anticipate that Oklo Inc. will post -0.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

OKLO has been the topic of a number of research analyst reports. Citigroup reduced their price target on Oklo from $76.00 to $57.50 and set a “neutral” rating on the stock in a report on Monday, August 10th. Wolfe Research initiated coverage on shares of Oklo in a report on Tuesday, May 19th. They issued a “peer perform” rating on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $122.00 price objective on shares of Oklo in a report on Wednesday, May 13th. Guggenheim started coverage on shares of Oklo in a research note on Thursday, June 25th. They set a “neutral” rating on the stock. Finally, Canaccord Genuity Group decreased 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. One research 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 company’s stock. According to MarketBeat, 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: Small modular reactor stocks rallied as investors focused on rising electricity demand from artificial-intelligence data centers and the need for reliable, carbon-free baseload power. Oklo was part of a broader nuclear-sector advance, alongside gains in NuScale Power and the Global X Uranium ETF. NuScale Power Spikes 13%, Oklo Climbs 7%: Is the Nuclear Selloff Finally Exhausted?
• Positive Sentiment: Market strategist Shay Boloor said Oklo’s larger opportunity may be in developing its fuel cycle, offering a potential additional growth avenue beyond reactor deployment. The thesis could support investor interest, although it remains forward-looking. OKLO Stock Rises Premarket: Here’s Why This Strategist Sees A ‘Bigger Opportunity’
• Positive Sentiment: Investor attention is also increasing around small nuclear companies that could benefit if hyperscalers secure long-term power supplies and the United States expands nuclear capacity after years of limited new construction. 3 Small Nuclear Stocks Wall Street Has Not Fully Priced for the AI Power Shortage Yet
• Neutral Sentiment: Oklo General Counsel Vivek Narayanadas sold 538 shares for approximately $21,455 under a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to vested equity awards. Because the sale was planned and tax-related, it provides limited evidence of a negative view; he retained 8,075 shares. SEC Form 4 filing
• Negative Sentiment: The rally remains speculative: Oklo has limited meaningful revenue, remains unprofitable, and its stock is still well below its yearly high and longer-term moving average. Analysts and commentators caution that the nuclear-sector advance could be a temporary bounce rather than a confirmed trend reversal. Is Oklo at $41 a Bargain or a Trap? Here’s the Answer?

Institutional Investors Weigh In On Oklo

Hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System grew its holdings in shares of Oklo by 6,518.7% during the second quarter. California State Teachers Retirement System now owns 8,682,908 shares of the company’s stock valued at $454,377,000 after buying an additional 8,551,720 shares during the last quarter. State Street Corp boosted its stake in Oklo by 454.5% during the 2nd quarter. State Street Corp now owns 2,138,658 shares of the company’s stock valued at $119,743,000 after purchasing an additional 1,752,946 shares during the last quarter. Norges Bank bought a new stake in shares of Oklo in the 4th quarter worth $73,786,000. Millennium Management LLC increased its holdings in shares of Oklo by 4,974.1% in the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock worth $12,589,000 after purchasing an additional 570,532 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Oklo by 13.9% in the fourth quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock worth $283,902,000 after purchasing an additional 481,288 shares during the last quarter. Hedge funds and other institutional investors own 85.03% of the company’s stock.

About Oklo

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.