Oklo (NYSE:OKLO) General Counsel Sells $10,010.28 in Stock

Oklo Inc. (NYSE:OKLO) General Counsel Vivek Narayanadas sold 238 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $42.06, for a total transaction of $10,010.28. Following the completion of the transaction, the general counsel directly owned 8,524 shares in the company, valued at $358,519.44. This represents a 2.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.

Vivek Narayanadas also recently made the following trade(s):

• On Wednesday, September 9th, Vivek Narayanadas sold 365 shares of Oklo stock. The shares were sold at an average price of $43.31, for a total transaction of $15,808.15.
• On Friday, September 4th, Vivek Narayanadas sold 538 shares of Oklo stock. The shares were sold at an average price of $39.88, for a total transaction of $21,455.44.
• On Tuesday, August 25th, Vivek Narayanadas sold 223 shares of Oklo stock. The stock was sold at an average price of $40.80, for a total transaction of $9,098.40.
• On Monday, August 24th, Vivek Narayanadas sold 3,264 shares of Oklo stock. The stock was sold at an average price of $39.77, for a total transaction of $129,809.28.

Oklo Stock Performance

Shares of NYSE:OKLO opened at $36.34 on Friday. The firm has a market cap of $6.76 billion, a PE ratio of -38.66 and a beta of 1.18. The firm’s 50 day simple moving average is $42.97 and its 200-day simple moving average is $54.59. Oklo Inc. has a one year low of $36.20 and a one year high of $193.84.

Oklo (NYSE:OKLO) last announced its quarterly earnings results 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 company had revenue of $1.21 million during the quarter, compared to analysts’ expectations of $0.09 million. The business’s revenue for the quarter was up 11900.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.18) EPS. Equities research analysts predict that Oklo Inc. will post -0.92 EPS for the current fiscal year.

Key Stories Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Piper Sandler initiated coverage with an Overweight rating and a $55 price target. The analyst views Oklo’s advanced-reactor technology as well positioned to benefit from rising electricity demand from data centers and artificial-intelligence infrastructure. Piper Sandler Initiates a Buy Rating on Oklo
• Neutral Sentiment: Analyst targets remain significantly above the market price. The consensus rating is “Moderate Buy,” with an average target near $83, although targets ranging from $55 to $110 highlight substantial uncertainty around Oklo’s commercialization timeline and valuation. Analysts Set Oklo Price Target
• Neutral Sentiment: Insider sales were disclosed. CEO Jacob DeWitte reportedly sold 120,000 shares for approximately $4.6 million, while General Counsel Vivek Narayanadas sold smaller amounts. The general counsel’s transactions were made under Rule 10b5-1 plans to cover tax obligations, reducing their bearish significance, but the CEO sale may weigh on sentiment. Oklo CEO Share Sale
• Negative Sentiment: Oklo launched a new at-the-market offering of up to $1 billion in Class A shares. The program creates potential dilution and signals that the company may need substantial additional capital. It follows the full use of a prior $1 billion ATM program launched in May, which was exhausted in roughly four months. Oklo Launches New One Billion Dollar Equity Program
• Negative Sentiment: Financing and execution risks remain elevated. Oklo is unprofitable, has not yet deployed a commercial reactor, and its latest quarterly loss of $0.28 per share exceeded the $0.16 consensus estimate. Investors remain concerned about licensing, construction timelines, cash burn and the path to commercial revenue.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on OKLO shares. Royal Bank Of Canada set a $80.00 target price on Oklo in a report on Friday, May 22nd. Piper Sandler assumed coverage on Oklo in a research note on Tuesday. They set an “overweight” rating and a $55.00 price target on the stock. Barclays decreased their price objective on Oklo from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Oklo in a research note on Friday, August 7th. Finally, HC Wainwright reiterated a “buy” rating and set a $90.00 target price on shares of Oklo in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Oklo presently has an average rating of “Moderate Buy” and an average target price of $83.26.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. California State Teachers Retirement System boosted its position in shares of Oklo by 6,518.7% in the 2nd quarter. California State Teachers Retirement System now owns 8,682,908 shares of the company’s stock worth $454,377,000 after purchasing an additional 8,551,720 shares in the last quarter. State Street Corp increased its position in Oklo by 454.5% during the 2nd quarter. State Street Corp now owns 2,138,658 shares of the company’s stock valued at $119,743,000 after buying an additional 1,752,946 shares in the last quarter. Norges Bank acquired a new position in Oklo during the 4th quarter valued at about $73,786,000. Millennium Management LLC raised its stake in Oklo by 4,974.1% in the first quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after buying an additional 570,532 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in Oklo by 13.9% in the fourth quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock valued at $283,902,000 after buying an additional 481,288 shares during the last quarter. 85.03% of the stock is owned by institutional investors.

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.