Insider Selling: Oklo (NYSE:OKLO) CEO Sells $3,095,200.00 in Stock

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 80,000 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $38.69, for a total transaction of $3,095,200.00. Following the completion of the sale, the chief executive officer owned 398,039 shares in the company, valued at $15,400,128.91. This represents a 16.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Jacob Dewitte also recently made the following trade(s):

• On Tuesday, September 1st, Jacob Dewitte sold 40,000 shares of Oklo stock. The shares were sold at an average price of $38.40, for a total transaction of $1,536,000.00.
• On Wednesday, July 1st, Jacob Dewitte sold 60,000 shares of Oklo stock. The shares were sold at an average price of $52.80, for a total transaction of $3,168,000.00.
• On Wednesday, July 1st, Jacob Dewitte sold 140,000 shares of Oklo stock. The stock was sold at an average price of $52.98, for a total transaction of $7,417,200.00.

Oklo Stock Performance

Shares of NYSE:OKLO traded up $0.99 on Wednesday, reaching $39.52. The company’s stock had a trading volume of 6,658,933 shares, compared to its average volume of 11,331,373. The company has a 50-day simple moving average of $44.84 and a 200 day simple moving average of $55.95. Oklo Inc. has a 52-week low of $36.61 and a 52-week high of $193.84. The company has a market cap of $7.35 billion, a P/E ratio of -42.05 and a beta of 1.18.

Oklo (NYSE:OKLO) last announced its earnings results on Friday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The firm had revenue of $1.21 million for the quarter, compared to analysts’ expectations of $0.09 million. During the same quarter last year, the company earned ($0.18) EPS. The company’s quarterly revenue was up 11900.0% on a year-over-year basis. On average, equities research analysts forecast that Oklo Inc. will post -0.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Oklo

Hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its position in Oklo by 6.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,800 shares of the company’s stock valued at $313,000 after acquiring an additional 174 shares during the last quarter. Citizens Financial Group Inc. RI grew its holdings in Oklo by 1.0% in the first quarter. Citizens Financial Group Inc. RI now owns 18,704 shares of the company’s stock worth $928,000 after purchasing an additional 182 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Oklo by 0.3% during the first quarter. The Manufacturers Life Insurance Company now owns 70,433 shares of the company’s stock worth $3,493,000 after purchasing an additional 183 shares in the last quarter. Triton Wealth Management PLLC increased its position in shares of Oklo by 1.3% during the first quarter. Triton Wealth Management PLLC now owns 14,760 shares of the company’s stock worth $734,000 after purchasing an additional 191 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its position in shares of Oklo by 0.5% during the fourth quarter. Kestra Advisory Services LLC now owns 41,689 shares of the company’s stock worth $2,992,000 after purchasing an additional 197 shares in the last quarter. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Key Oklo News

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: A proposed $2.2 billion military investment in advanced nuclear and small modular reactor projects could create a significant demand opportunity for Oklo and NuScale, potentially supporting government-backed development and future contracts. Oklo and NuScale Just Got a $2.2B Military Tailwind—Contrarian Opportunity in SMRs?
• Neutral Sentiment: Oklo filed a complaint with the Federal Energy Regulatory Commission after PJM removed its project from the regional interconnection queue. The filing gives Oklo a potential avenue to challenge the decision, but the outcome and timing remain uncertain. Oklo Files FERC Complaint After PJM Removes Project from Interconnection Queue
• Negative Sentiment: PJM’s removal of the Meta-backed Ohio energy project from its grid-connection review process could delay the project by at least 14 months. The setback threatens to push back Oklo’s commercialization timeline and adds uncertainty around revenue from one of its highest-profile projects. What PJM’s Decision Means for OKLO’s Ohio Project Timeline
• Negative Sentiment: The Ohio project setback triggered a sharp decline in Oklo shares while higher Treasury yields pressured the broader nuclear and clean-energy sector. Higher interest rates are particularly important for pre-revenue reactor developers because they increase the cost of funding long-duration projects. Oklo Sinks 5% as PJM Pulls Its Meta-Backed Ohio Project
• Negative Sentiment: Chief Product Officer Alexandra P. Renner sold 1,930 Class A shares worth approximately $74,110 on September 1. Although the transaction is relatively small, it adds to investor caution as Oklo enters a fourth consecutive week of declines. OKLO Stock Heads For 4th Week In Red: Insider Sells Shares Worth $74K
• Negative Sentiment: Holtec Nuclear’s planned public offering introduces a new competitor with an existing revenue base, potentially challenging Oklo’s valuation and ability to attract capital even as the advanced-nuclear market expands. A New Nuclear Rival Recently Filed to Go Public. Should Oklo Investors Be Worried?

Analysts Set New Price Targets

OKLO has been the subject of a number of recent research reports. Wolfe Research started coverage on Oklo in a report on Tuesday, May 19th. They issued a “peer perform” rating for the company. Royal Bank Of Canada set a $80.00 price target on Oklo in a report on Friday, May 22nd. Barclays lowered their price target on Oklo from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Wedbush reissued an “outperform” rating and issued a $110.00 target price on shares of Oklo in a research note on Tuesday, May 26th. Finally, Citigroup lowered their target price on shares of Oklo from $76.00 to $57.50 and set a “neutral” rating for the company in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.