Oklo (NYSE:OKLO) Shares Down 5.4% – Should You Sell?

Shares of Oklo Inc. (NYSE:OKLO) fell 5.4% on Tuesday . The stock traded as low as $96.60 and last traded at $96.9380. 11,046,501 shares were traded during mid-day trading, a decline of 32% from the average session volume of 16,282,818 shares. The stock had previously closed at $102.50.

Analysts Set New Price Targets

OKLO has been the subject of several recent research reports. Barclays set a $146.00 price objective on Oklo in a research report on Monday, September 29th. William Blair reissued an “outperform” rating on shares of Oklo in a research report on Wednesday, November 12th. Cantor Fitzgerald restated an “overweight” rating and issued a $122.00 price objective on shares of Oklo in a report on Wednesday, November 12th. Citigroup reaffirmed a “neutral” rating on shares of Oklo in a research note on Monday, November 24th. Finally, Seaport Res Ptn raised Oklo from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $102.13.

Oklo Stock Down 5.4%

The firm’s fifty day simple moving average is $92.94 and its 200-day simple moving average is $93.59. The firm has a market capitalization of $15.15 billion, a PE ratio of -179.51 and a beta of 0.76.

Oklo (NYSE:OKLO) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same quarter in the prior year, the company earned ($0.08) EPS. As a group, analysts predict that Oklo Inc. will post -8.2 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider William Carroll Murphy Goodwin sold 5,864 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $88.42, for a total value of $518,494.88. Following the completion of the transaction, the insider owned 13,620 shares in the company, valued at $1,204,280.40. The trade was a 30.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jacob Dewitte sold 3,455 shares of the company’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $100.01, for a total transaction of $345,534.55. Following the transaction, the chief executive officer owned 825,764 shares in the company, valued at $82,584,657.64. This represents a 0.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,461,172 shares of company stock valued at $127,295,722. Corporate insiders own 18.90% of the company’s stock.

Institutional Trading of Oklo

Several large investors have recently modified their holdings of OKLO. Royal Bank of Canada increased its position in Oklo by 162.6% during the first quarter. Royal Bank of Canada now owns 92,850 shares of the company’s stock valued at $2,009,000 after acquiring an additional 57,497 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of Oklo during the 1st quarter valued at about $519,000. Millennium Management LLC increased its position in shares of Oklo by 4,974.1% during the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after purchasing an additional 570,532 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Oklo by 165.6% in the 1st quarter. NewEdge Advisors LLC now owns 15,672 shares of the company’s stock worth $339,000 after purchasing an additional 9,772 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Oklo by 90.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 112,772 shares of the company’s stock worth $2,439,000 after buying an additional 53,703 shares during the last quarter. Institutional investors own 85.03% of the company’s stock.

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.