Insider Selling: Oklo (NYSE:OKLO) General Counsel Sells $129,809.28 in Stock

Oklo Inc. (NYSE:OKLO) General Counsel Vivek Narayanadas sold 3,264 shares of Oklo stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $39.77, for a total transaction of $129,809.28. Following the completion of the transaction, the general counsel owned 7,822 shares of the company’s stock, valued at $311,080.94. This represents a 29.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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.

Oklo Stock Up 11.4%

NYSE OKLO traded up $4.54 on Tuesday, hitting $44.23. 13,844,519 shares of the stock were exchanged, compared to its average volume of 11,377,922. Oklo Inc. has a fifty-two week low of $36.61 and a fifty-two week high of $193.84. The company has a 50-day moving average price of $46.98 and a 200-day moving average price of $57.11. The company has a market cap of $8.23 billion, a PE ratio of -47.05 and a beta of 1.17.

Oklo (NYSE:OKLO) last announced 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 for the quarter, compared to analyst estimates of $0.09 million. The company’s quarterly revenue was up 11900.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.18) EPS. As a group, equities research analysts predict that Oklo Inc. will post -0.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Oklo

Hedge funds have recently modified their holdings of the business. NBC Securities Inc. raised its position in Oklo by 75.0% in the 4th quarter. NBC Securities Inc. now owns 350 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. Costello Asset Management INC grew its position in 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 purchasing an additional 200 shares during the last quarter. Gilpin Wealth Management LLC acquired a new position in Oklo in the fourth quarter valued at $29,000. SHP Wealth Management acquired a new position in Oklo in the fourth quarter valued at $32,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of Oklo in the first quarter valued at about $33,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Escalating U.S.-Canada trade tensions helped accelerate buying across uranium miners and advanced nuclear developers, benefiting Oklo as part of the broader nuclear-energy trade. Oklo Stock Surges Tuesday on Escalating US-Canada Trade Tensions
• Positive Sentiment: Nuclear stocks rebounded in an oversold move while the broader market was relatively subdued, providing a technical and sentiment-related lift to OKLO. Nuclear Stocks Rebound on an Oversold Bounce
• Positive Sentiment: Investor interest remains focused on Oklo’s potential to supply reliable power to data centers and AI companies. A speculative thesis suggests SpaceX could eventually become a major customer, though no such contract was announced. Prediction: SpaceX’s Power Needs Will Turn It Into Oklo’s Biggest Customer
• Positive Sentiment: Recent coverage highlighted Oklo’s first revenue, reactor-development progress and plans to extract energy from used U.S. nuclear fuel, reinforcing the company’s long-term growth narrative. Oklo’s CEO Says Used Nuclear Fuel in the U.S. Is Worth More Than Saudi Arabia’s Oil Reserves
• Neutral Sentiment: Analysts and commentators remain divided: some see substantial upside from reactor milestones and nuclear demand, while others warn that the sector could leave weaker small modular reactor companies behind. Oklo: The Nuclear Renaissance Could Leave A Trail Of Busted SMR Companies
• Negative Sentiment: Valuation and execution concerns continue to weigh on the story. Recent analyst target reductions, substantial insider selling and Oklo’s quarterly earnings miss underscore risks while the company remains unprofitable and commercial power revenue is expected years away. Oklo Slides as Investors Digest Recent Analyst Cuts and Insider Sale Filing

Analysts Set New Price Targets

OKLO has been the subject of a number of recent analyst reports. Bank of America began coverage on Oklo in a report on Friday, May 22nd. They set a “buy” rating and a $80.00 price target for the company. Tigress Financial initiated coverage on Oklo in a report on Monday, April 27th. They issued a “buy” rating and a $130.00 price target for the company. Royal Bank Of Canada set a $80.00 price objective on shares of Oklo in a research report on Friday, May 22nd. Guggenheim started coverage on shares of Oklo in a report on Thursday, June 25th. They issued a “neutral” rating for the company. Finally, Citigroup reduced their price target on shares of Oklo from $76.00 to $57.50 and set a “neutral” rating for the company in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.03.

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.