Oklo (NYSE:OKLO) Shares Up 4% – Here’s What Happened

Oklo Inc. (NYSE:OKLO)’s stock price rose 4% during trading on Thursday . The company traded as high as $65.29 and last traded at $65.0910. Approximately 10,161,542 shares traded hands during trading, a decline of 14% from the average daily volume of 11,767,521 shares. The stock had previously closed at $62.58.

Trending Headlines about Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Bank of America initiated coverage on Oklo with a Buy rating and an $80 price target, signaling meaningful upside from recent trading levels and helping support bullish sentiment. Oklo coverage and analyst target
• Positive Sentiment: Oklo’s partnership with Idaho National Laboratory to apply AI tools to advanced reactor and fuel-system design is reinforcing the company’s long-term growth narrative, especially around faster development of its Aurora and Pluto reactor concepts. Oklo AI Lab Partnership Adds New Angle To Volatile Valuation Story
• Positive Sentiment: Fresh bullish commentary calling for large upside in Oklo stock and highlighting its fuel-recycling strategy is adding to speculative interest in the name. Prediction: Oklo Stock Will Surge 75% This Year
• Neutral Sentiment: An insider sale by William Carroll Murphy Goodwin was disclosed, but the filing says it was tied to tax withholding on vested equity awards, which makes it less concerning than a discretionary insider exit. SEC Form 4 filing
• Neutral Sentiment: Broader enthusiasm around AI-driven electricity demand and the nuclear renaissance continues to support the sector, though this is more of a thematic tailwind than a direct Oklo-specific event. AI Provides Tailwind for the Next Phase of the Nuclear Renaissance
• Negative Sentiment: Some recent analysis continues to warn that Oklo remains a highly volatile, execution-dependent story, which may temper enthusiasm after the rally. The Big Question You Need to Ask Yourself Before Buying Oklo Stock

Analysts Set New Price Targets

A number of brokerages recently weighed in on OKLO. HSBC began coverage on shares of Oklo in a report on Thursday, April 23rd. They set a “buy” rating and a $96.00 price objective for the company. Tigress Financial started coverage on shares of Oklo in a research report on Monday, April 27th. They issued a “buy” rating and a $130.00 price target for the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $122.00 price objective on shares of Oklo in a research note on Wednesday, May 13th. Bank of America started coverage on Oklo in a report on Friday. They issued a “buy” rating and a $80.00 price target on the stock. Finally, Zacks Research upgraded Oklo from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 19th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $82.58.

Oklo Stock Up 1.0%

The stock has a 50 day moving average price of $60.96 and a two-hundred day moving average price of $76.46. The firm has a market cap of $11.44 billion, a PE ratio of -78.28 and a beta of 1.16.

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

Insider Activity

In other news, CFO Richard Craig Bealmear sold 16,342 shares of Oklo stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $51.08, for a total value of $834,749.36. Following the sale, the chief financial officer directly owned 386,008 shares of the company’s stock, valued at $19,717,288.64. The trade was a 4.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider William Carroll Murphy Goodwin sold 10,548 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $58.04, for a total value of $612,205.92. Following the completion of the transaction, the insider owned 36,175 shares in the company, valued at $2,099,597. The trade was a 22.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 819,588 shares of company stock worth $49,774,300 over the last three months. 18.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Oklo

A number of hedge funds and other institutional investors have recently made changes to their positions in OKLO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Oklo by 71.8% during 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 purchasing an additional 2,968,981 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Oklo by 33.4% during the third quarter. Vanguard Group Inc. now owns 11,593,468 shares of the company’s stock worth $1,294,179,000 after acquiring an additional 2,901,909 shares during the last quarter. State Street Corp raised its holdings in shares of Oklo by 454.5% in the second 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 during the last quarter. Van ECK Associates Corp grew its stake in shares of Oklo by 61.0% in the 3rd quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock valued at $387,914,000 after purchasing an additional 1,316,867 shares during the last quarter. Finally, Norges Bank acquired a new position in Oklo in the 4th quarter valued at $73,786,000. Institutional investors and hedge funds 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.