Oklo (NYSE:OKLO) Director John Jansen Sells 6,354 Shares of Stock

Oklo Inc. (NYSE:OKLO) Director John Jansen sold 6,354 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $36.67, for a total transaction of $233,001.18. Following the sale, the director directly owned 6,000 shares in the company, valued at $220,020. This trade represents a 51.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Oklo Stock Performance

Oklo stock opened at $35.97 on Wednesday. The stock has a market capitalization of $6.69 billion, a price-to-earnings ratio of -38.27 and a beta of 1.18. Oklo Inc. has a 52-week low of $34.38 and a 52-week high of $193.84. The stock’s 50 day moving average price is $42.42 and its two-hundred day moving average price is $54.12.

Oklo (NYSE:OKLO) last issued its earnings results on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The firm had revenue of $1.21 million during the quarter, compared to the consensus estimate of $0.09 million. During the same period in the previous year, the company posted ($0.18) EPS. Oklo’s revenue for the quarter was up 11900.0% compared to the same quarter last year. On average, equities research analysts forecast that Oklo Inc. will post -0.92 EPS for the current year.

Wall Street Analyst Weigh In

OKLO has been the subject of several research reports. Wedbush reissued an “outperform” rating and issued a $110.00 price target on shares of Oklo in a research report on Tuesday, May 26th. UBS Group dropped their price objective on shares of Oklo from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, June 11th. Piper Sandler began coverage on shares of Oklo in a report on Tuesday, September 8th. They set an “overweight” rating and a $55.00 price objective for the company. HC Wainwright reissued a “buy” rating and set a $90.00 target price on shares of Oklo in a research report on Monday, August 10th. Finally, Guggenheim began coverage on shares of Oklo in a report on Thursday, June 25th. They issued a “neutral” rating on the stock. 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 given a Sell rating to the company. According to MarketBeat, Oklo presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.26.

More Oklo News

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Growing European government support for small modular reactors could expand the addressable market for Oklo’s advanced nuclear technology. The European Investment Bank’s €40 million loan to an SMR developer is viewed as an initial step toward a broader pipeline of public-sector investment, although it does not represent a contract for Oklo. Europe Bets Big on Small Modular Reactors
• Neutral Sentiment: Analysts and investors are focusing on three execution tests: progress at the Aurora project, development of the Idaho-based “Grove” facility, and the Ohio strategy backed by Meta and Centrus. Success could improve Oklo’s path toward commercialization, but the company remains years away from potentially generating meaningful profits. Before You Buy Oklo Stock Consider These 3 Tests
• Negative Sentiment: Director John M. Jansen sold 6,354 shares for approximately $233,000, reducing his direct ownership by more than half. Insider selling can weigh on sentiment, even though the transaction does not necessarily indicate a change in the company’s long-term outlook. SEC Insider Sale Filing
• Negative Sentiment: Oklo’s recently announced $1 billion at-the-market equity offering has raised dilution concerns and signals that the company needs additional capital to fund operations and development. Investors are also concerned that profitability may remain several years away. Oklo Stock Drops After Announcing $1 Billion Share Sale

Institutional Investors Weigh In On Oklo

Several institutional investors have recently bought and sold shares of OKLO. MCF Advisors LLC raised its position in Oklo by 201.0% in the 2nd quarter. MCF Advisors LLC now owns 1,559 shares of the company’s stock valued at $82,000 after buying an additional 1,041 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Oklo by 74.2% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 12,731 shares of the company’s stock worth $666,000 after acquiring an additional 5,423 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Oklo by 15.2% in the 2nd quarter. NewEdge Advisors LLC now owns 41,362 shares of the company’s stock worth $2,164,000 after acquiring an additional 5,468 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Oklo by 6.6% in the 2nd quarter. IFP Advisors Inc now owns 7,143 shares of the company’s stock worth $374,000 after acquiring an additional 441 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Oklo by 21.1% in the second quarter. Allworth Financial LP now owns 3,815 shares of the company’s stock valued at $200,000 after purchasing an additional 666 shares during the last quarter. Institutional investors own 85.03% of the company’s stock.

About Oklo

Oklo Inc is an advanced nuclear technology company focused on developing and commercializing small-scale fission power plants. The company’s flagship product, the Aurora powerhouse, is designed to provide reliable, long-term electricity and heat using advanced nuclear reactor technology. Oklo is targeting applications such as industrial operations, data centers, defense facilities and other customers that require dependable, low-carbon energy.

Oklo is also developing fuel-recycling capabilities intended to use certain forms of nuclear fuel more efficiently and reduce the volume of nuclear waste requiring disposal.