Oklo (NYSE:OKLO) Shares Gap Down – Here’s Why

Oklo Inc. (NYSE:OKLO) gapped down prior to trading on Monday . The stock had previously closed at $63.83, but opened at $61.60. Oklo shares last traded at $62.30, with a volume of 1,305,682 shares.

Analyst Ratings Changes

A number of research firms have recently issued reports on OKLO. William Blair reiterated an “outperform” rating on shares of Oklo in a research note on Wednesday, November 12th. Barclays reiterated an “overweight” rating and issued a $82.00 price objective on shares of Oklo in a report on Monday. Needham & Company LLC reissued a “buy” rating on shares of Oklo in a research report on Friday, January 9th. Citigroup reaffirmed a “neutral” rating on shares of Oklo in a research report on Monday, November 24th. Finally, B. Riley Financial boosted their price target on Oklo from $58.00 to $129.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $98.93.

Oklo Stock Down 2.1%

The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of -115.86 and a beta of 0.76. The stock has a 50 day moving average of $80.96 and a 200 day moving average of $96.48.

Insider Activity at Oklo

In related news, CEO Jacob Dewitte sold 840,000 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $82.32, for a total transaction of $69,148,800.00. Following the sale, the chief executive officer owned 1,580,000 shares in the company, valued at $130,065,600. This represents a 34.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard Craig Bealmear sold 69,841 shares of Oklo stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $78.40, for a total value of $5,475,534.40. Following the completion of the transaction, the chief financial officer owned 202,072 shares of the company’s stock, valued at approximately $15,842,444.80. The trade was a 25.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,750,590 shares of company stock valued at $152,068,284. Insiders own 18.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Fourth Dimension Wealth LLC increased its position in Oklo by 125.0% in the second quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock worth $25,000 after buying an additional 250 shares during the period. NBC Securities Inc. grew its position in shares of Oklo by 75.0% during the fourth quarter. NBC Securities Inc. now owns 350 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Oklo by 356.3% in the 4th quarter. GAMMA Investing LLC now owns 365 shares of the company’s stock worth $26,000 after acquiring an additional 285 shares during the period. Armstrong Advisory Group Inc. acquired a new stake in shares of Oklo in the 3rd quarter worth about $27,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in Oklo in the 2nd quarter valued at about $28,000. 85.03% of the stock is currently owned by institutional investors.

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.