Oklo (NYSE:OKLO) Shares Gap Up – Time to Buy?

Shares of Oklo Inc. (NYSE:OKLO) gapped up prior to trading on Tuesday . The stock had previously closed at $65.88, but opened at $71.87. Oklo shares last traded at $70.09, with a volume of 5,934,779 shares changing hands.

Key Stories Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo was selected by the U.S. Department of Energy for advanced negotiations in the Surplus Plutonium Utilization Program, a potential win that could secure a future fuel source and support its reactor strategy.
• Positive Sentiment: Reports that Oklo is in advanced talks over using U.S. Cold War-era plutonium for reactor fuel have reinforced optimism around its long-term growth prospects.
• Positive Sentiment: Coverage around Oklo’s partnership with a national lab and its AI-enabled reactor plans adds to the bullish view that the company is advancing key commercialization efforts.
• Neutral Sentiment: Several articles frame the broader nuclear sector as benefiting from rising demand tied to AI data centers and electrification, which may help sentiment across the group.
• Negative Sentiment: Some commentary remains cautious, noting that Oklo is still a pre-revenue company and must ultimately prove it can deliver power commercially.

Wall Street Analyst Weigh In

A number of research firms have issued reports on OKLO. The Goldman Sachs Group reduced their price target on Oklo from $91.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 18th. Canaccord Genuity Group reduced their price target on Oklo from $175.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Royal Bank Of Canada set a $80.00 price target on Oklo in a research report on Friday, May 22nd. Citigroup increased their price target on Oklo from $73.50 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, Zacks Research raised Oklo from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Oklo presently has an average rating of “Moderate Buy” and a consensus price target of $83.06.

Oklo Price Performance

The company has a 50 day moving average price of $61.45 and a 200 day moving average price of $75.14. The firm has a market cap of $11.88 billion, a PE ratio of -81.30 and a beta of 1.16.

Oklo (NYSE:OKLO) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.01. During the same period in the previous year, the firm posted ($0.07) EPS. On average, equities analysts anticipate that Oklo Inc. will post -0.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jacob Dewitte sold 140,000 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $50.39, for a total transaction of $7,054,600.00. Following the transaction, the chief executive officer owned 656,483 shares of the company’s stock, valued at $33,080,178.37. This represents a 17.58% 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, CFO Richard Craig Bealmear sold 72,090 shares of the company’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $60.00, for a total value of $4,325,400.00. Following the completion of the sale, the chief financial officer directly owned 386,008 shares in the company, valued at $23,160,480. This trade represents a 15.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 819,588 shares of company stock worth $49,774,300 in the last ninety days. 18.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Oklo

Institutional investors and hedge funds have recently made changes to their positions in the stock. NBC Securities Inc. lifted its position in Oklo by 75.0% during the fourth quarter. NBC Securities Inc. now owns 350 shares of the company’s stock worth $25,000 after buying an additional 150 shares during the period. Costello Asset Management INC lifted its position in Oklo by 66.7% during the first quarter. Costello Asset Management INC now owns 500 shares of the company’s stock worth $25,000 after buying an additional 200 shares during the period. GAMMA Investing LLC lifted its position in Oklo by 356.3% during the fourth quarter. GAMMA Investing LLC now owns 365 shares of the company’s stock worth $26,000 after buying an additional 285 shares during the period. Gables Capital Management Inc. purchased a new position in Oklo during the third quarter worth about $28,000. Finally, Nemes Rush Group LLC purchased a new position in Oklo during the third quarter worth approximately $28,000. 85.03% of the stock is currently owned by hedge funds and other 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.