Oklo (NYSE:OKLO) Trading 4.4% Higher – Still a Buy?

Oklo Inc. (NYSE:OKLO)’s stock price shot up 4.4% during trading on Tuesday . The company traded as high as $73.29 and last traded at $68.76. 18,251,085 shares changed hands during trading, an increase of 54% from the average session volume of 11,831,004 shares. The stock had previously closed at $65.88.

Oklo News Summary

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo was selected by the U.S. Department of Energy for advanced negotiations under the Surplus Plutonium Utilization Program, a federal initiative that could convert surplus plutonium into fuel for advanced nuclear reactors. This is viewed as a meaningful step toward solving a key reactor-fuel bottleneck and supporting Oklo’s path to commercialization. Oklo gains after being selected for DOE for Surplus Plutonium Utilization Program
• Positive Sentiment: Several reports highlighted that the DOE development strengthens Oklo’s strategic position in the nuclear fuel market and reinforces investor optimism around its role in the nuclear energy buildout. Nuclear Energy Startup Oklo’s Stock Is Surging Tuesday—Here’s Why
• Positive Sentiment: Investor sentiment was also helped by recent progress on the regulatory front, including NRC approvals for key technical documents, plus the company’s broader AI/data-center power opportunity and a long-term power agreement with Meta. Oklo’s NRC Win And Meta Deal Reframe Its AI Power Ambitions
• Neutral Sentiment: Analyst coverage remained constructive, with Bank of America reportedly reiterating a Buy rating and an $80 price target, which may have added to the bullish tone but was not the main catalyst. OKLO Stock Rises Premarket: Retail Doubles Down On Nuclear Energy Bet After Bullish Wall Street Call

Wall Street Analyst Weigh In

OKLO has been the topic of a number of recent research reports. Needham & Company LLC decreased their target price on shares of Oklo from $135.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Wedbush reaffirmed an “outperform” rating on shares of Oklo in a report on Tuesday. Wolfe Research assumed coverage on shares of Oklo in a report on Tuesday, May 19th. They set a “peer perform” rating on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $122.00 price target on shares of Oklo in a report on Wednesday, May 13th. Finally, Zacks Research upgraded shares of Oklo from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $82.58.

Oklo Stock Up 4.4%

The firm’s 50-day moving average price is $61.08 and its 200 day moving average price is $75.78. The company has a market capitalization of $11.96 billion, a P/E ratio of -81.86 and a beta of 1.16.

Oklo (NYSE:OKLO) last posted its earnings results on Tuesday, May 12th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.01. During the same quarter in the prior year, the company earned ($0.07) EPS. As a group, equities research analysts expect that Oklo Inc. will post -0.8 EPS for the current year.

Insider Transactions at Oklo

In other news, CFO Richard Craig Bealmear sold 16,342 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $51.08, for a total value of $834,749.36. Following the completion of the sale, the chief financial officer owned 386,008 shares in the company, valued at $19,717,288.64. This represents a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jacob Dewitte sold 140,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $70.50, for a total transaction of $9,870,000.00. Following the completion of the sale, the chief executive officer owned 598,039 shares of the company’s stock, valued at approximately $42,161,749.50. The trade was a 18.97% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 819,588 shares of company stock valued at $49,774,300 over the last three months. Corporate insiders own 18.90% of the company’s stock.

Institutional Trading of Oklo

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Oklo by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 11,637,504 shares of the company’s stock worth $835,107,000 after acquiring an additional 44,036 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Oklo by 71.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company’s stock worth $792,822,000 after acquiring an additional 2,968,981 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Oklo by 13.9% in the 4th quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock worth $283,902,000 after acquiring an additional 481,288 shares in the last quarter. State Street Corp grew its stake in shares of Oklo by 23.6% in the 4th quarter. State Street Corp now owns 3,060,220 shares of the company’s stock worth $219,601,000 after acquiring an additional 584,184 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Oklo by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company’s stock worth $201,671,000 after acquiring an additional 185,265 shares in the last quarter. Institutional investors own 85.03% of the company’s stock.

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.