Oklo (NYSE:OKLO) Insider Alexandra Renner Sells 688 Shares of Stock

Oklo Inc. (NYSE:OKLO) insider Alexandra Renner sold 688 shares of the firm’s stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $30.75, for a total value of $21,156.00. Following the sale, the insider owned 478,428 shares in the company, valued at approximately $14,711,661. The trade was a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Alexandra Renner also recently made the following trade(s):

• On Monday, September 28th, Alexandra Renner sold 1,100 shares of Oklo stock. The stock was sold at an average price of $37.39, for a total value of $41,129.00.
• On Tuesday, September 1st, Alexandra Renner sold 1,930 shares of Oklo stock. The stock was sold at an average price of $38.40, for a total value of $74,112.00.
• On Monday, August 24th, Alexandra Renner sold 557 shares of Oklo stock. The stock was sold at an average price of $39.77, for a total value of $22,151.89.

Oklo Trading Up 3.6%

NYSE:OKLO traded up $1.06 during trading hours on Thursday, hitting $30.10. The stock had a trading volume of 10,960,499 shares, compared to its average volume of 11,195,569. Oklo Inc. has a 1-year low of $27.52 and a 1-year high of $176.35. The business has a 50 day simple moving average of $39.60 and a two-hundred day simple moving average of $50.68. The company has a market cap of $5.60 billion, a PE ratio of -32.02 and a beta of 1.20.

Oklo (NYSE:OKLO) last posted its quarterly earnings data on Friday, August 7th. The company reported ($0.28) earnings per share (EPS) 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 the consensus estimate of $0.09 million. During the same quarter in the prior year, the company earned ($0.18) EPS. The firm’s revenue for the quarter was up 11900.0% on a year-over-year basis. Research analysts expect that Oklo Inc. will post -1.02 EPS for the current fiscal year.

Analysts Set New Price Targets

OKLO has been the topic of several analyst reports. Guggenheim initiated coverage on shares of Oklo in a research note on Thursday, June 25th. They set a “neutral” rating on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Oklo in a report on Friday, August 7th. Canaccord Genuity Group decreased their price objective on shares of Oklo from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Barclays decreased their price objective on shares of Oklo from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Finally, Truist Financial set a $51.00 target price on Oklo in a research note on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.44.

Key Stories Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: The U.S. Department of Energy selected Oklo to advance its Groves 2 Forge isotope-production facility under the Nuclear Energy Launch Pad initiative. The project could expand Oklo beyond electricity generation into medical isotopes used in cancer treatment and other high-value markets. Oklo Advances Isotope Production Facility Under DOE Nuclear Initiative
• Positive Sentiment: Google’s long-term commitment to purchase power from new Constellation Energy reactors highlights renewed corporate interest in reliable nuclear power. The broader demand trend could eventually benefit advanced-reactor developers such as Oklo, although it does not represent a direct Oklo contract. Google Signed a Deal for Existing Reactors
• Neutral Sentiment: Oklo’s planned long-term power agreements with major customers, including Meta, remain potential catalysts. However, the company is still in an early development phase, so revenue generation and project execution remain uncertain.
• Negative Sentiment: Oklo launched another $1 billion stock sale at a substantially lower share price than its prior financing round. The offering provides capital for development but increases the share count and adds to the dilution already absorbed by investors since the company went public. Oklo Launched Another $1 Billion Stock Sale
• Negative Sentiment: Rising 10-year Treasury yields are pressuring nuclear and other long-duration growth stocks because higher discount rates reduce the present value of expected future cash flows. Oklo and peer NuScale have been especially vulnerable after their earlier speculative rally. Nuclear Stocks Under Pressure as Treasury Yields Rise
• Negative Sentiment: The stock has fallen roughly 84% from its 52-week high and is trading well below its 50-day and 200-day moving averages. The decline reflects concerns about commercialization timelines, ongoing losses and the funding needed to build its reactor and isotope businesses. Oklo Stock Hits a New 52-Week Low
• Negative Sentiment: General Counsel Vivek Narayanadas sold a small number of shares under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards. The transaction is not strong evidence of weakening insider confidence, but it adds modestly to negative sentiment. Oklo Insider Trading Activity

Hedge Funds Weigh In On Oklo

A number of institutional investors have recently made changes to their positions in the business. Bank of America Corp DE increased its holdings in Oklo by 55.3% in the first quarter. Bank of America Corp DE now owns 620,281 shares of the company’s stock valued at $30,760,000 after buying an additional 220,976 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Oklo by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 516,886 shares of the company’s stock worth $25,632,000 after buying an additional 5,945 shares during the last quarter. Swiss National Bank lifted its holdings in Oklo by 7.1% during the 1st quarter. Swiss National Bank now owns 324,900 shares of the company’s stock worth $16,112,000 after buying an additional 21,400 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Oklo by 427.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 171,128 shares of the company’s stock worth $12,280,000 after buying an additional 138,659 shares during the last quarter. Finally, Amundi grew its position in shares of Oklo by 59.0% in the 1st quarter. Amundi now owns 164,824 shares of the company’s stock worth $8,174,000 after acquiring an additional 61,161 shares in the last quarter. 85.03% of the stock is owned by institutional investors and hedge funds.

About Oklo

Oklo Inc is an advanced fission technology company developing compact nuclear power plants designed to provide reliable, carbon-free electricity. Its flagship Aurora powerhouse is a small-scale fission system intended to operate for extended periods and supply power directly to industrial, commercial, and other large energy users.

The company is also developing fuel-recycling capabilities to support the use of recovered nuclear fuel in advanced reactors. Oklo has pursued partnerships and regulatory work in the United States, including activities associated with the Idaho National Laboratory, and is initially focused on serving U.S.