Oklo (NYSE:OKLO) CEO Jacob Dewitte Sells 80,000 Shares of Stock

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 80,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $38.69, for a total value of $3,095,200.00. Following the completion of the sale, the chief executive officer owned 398,039 shares of the company’s stock, valued at approximately $15,400,128.91. The trade was a 16.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Jacob Dewitte also recently made the following trade(s):

• On Tuesday, September 1st, Jacob Dewitte sold 40,000 shares of Oklo stock. The shares were sold at an average price of $38.40, for a total value of $1,536,000.00.
• On Wednesday, July 1st, Jacob Dewitte sold 60,000 shares of Oklo stock. The shares were sold at an average price of $52.80, for a total value of $3,168,000.00.
• On Wednesday, July 1st, Jacob Dewitte sold 140,000 shares of Oklo stock. The stock was sold at an average price of $52.98, for a total transaction of $7,417,200.00.

Oklo Trading Up 2.6%

NYSE OKLO traded up $0.99 on Wednesday, reaching $39.52. 6,658,933 shares of the stock were exchanged, compared to its average volume of 11,331,373. Oklo Inc. has a one year low of $36.61 and a one year high of $193.84. The firm has a market capitalization of $7.35 billion, a PE ratio of -42.05 and a beta of 1.18. The company’s 50-day simple moving average is $44.84 and its two-hundred day simple moving average is $55.95.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.12). The business had revenue of $1.21 million for the quarter, compared to analyst estimates of $0.09 million. Oklo’s revenue for the quarter was up 11900.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.18) EPS. Sell-side analysts forecast that Oklo Inc. will post -0.9 earnings per share for the current fiscal year.

Trending Headlines about Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: A proposed $2.2 billion military investment in advanced nuclear and small modular reactor projects could create a significant demand opportunity for Oklo and NuScale, potentially supporting government-backed development and future contracts. Oklo and NuScale Just Got a $2.2B Military Tailwind—Contrarian Opportunity in SMRs?
• Neutral Sentiment: Oklo filed a complaint with the Federal Energy Regulatory Commission after PJM removed its project from the regional interconnection queue. The filing gives Oklo a potential avenue to challenge the decision, but the outcome and timing remain uncertain. Oklo Files FERC Complaint After PJM Removes Project from Interconnection Queue
• Negative Sentiment: PJM’s removal of the Meta-backed Ohio energy project from its grid-connection review process could delay the project by at least 14 months. The setback threatens to push back Oklo’s commercialization timeline and adds uncertainty around revenue from one of its highest-profile projects. What PJM’s Decision Means for OKLO’s Ohio Project Timeline
• Negative Sentiment: The Ohio project setback triggered a sharp decline in Oklo shares while higher Treasury yields pressured the broader nuclear and clean-energy sector. Higher interest rates are particularly important for pre-revenue reactor developers because they increase the cost of funding long-duration projects. Oklo Sinks 5% as PJM Pulls Its Meta-Backed Ohio Project
• Negative Sentiment: Chief Product Officer Alexandra P. Renner sold 1,930 Class A shares worth approximately $74,110 on September 1. Although the transaction is relatively small, it adds to investor caution as Oklo enters a fourth consecutive week of declines. OKLO Stock Heads For 4th Week In Red: Insider Sells Shares Worth $74K
• Negative Sentiment: Holtec Nuclear’s planned public offering introduces a new competitor with an existing revenue base, potentially challenging Oklo’s valuation and ability to attract capital even as the advanced-nuclear market expands. A New Nuclear Rival Recently Filed to Go Public. Should Oklo Investors Be Worried?

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in OKLO. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Oklo during the second quarter valued at about $502,000. California State Teachers Retirement System boosted its stake in Oklo by 6,518.7% during the second quarter. California State Teachers Retirement System now owns 8,682,908 shares of the company’s stock valued at $454,377,000 after buying an additional 8,551,720 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in Oklo during the 2nd quarter valued at approximately $481,000. Odyssean LLC purchased a new position in Oklo during the 2nd quarter valued at approximately $555,000. Finally, Nykredit A S bought a new stake in Oklo in the 2nd quarter worth approximately $199,000. Institutional investors own 85.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on OKLO. Wolfe Research initiated coverage on Oklo in a research report on Tuesday, May 19th. They issued a “peer perform” rating on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Oklo in a research note on Friday, August 7th. HC Wainwright reissued a “buy” rating and issued a $90.00 price target on shares of Oklo in a report on Monday, August 10th. Wedbush restated an “outperform” rating and issued a $110.00 price target on shares of Oklo in a research note on Tuesday, May 26th. Finally, Canaccord Genuity Group cut their price objective on shares of Oklo from $125.00 to $100.00 and set a “buy” rating for the company in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Oklo presently has a consensus rating of “Moderate Buy” and an average price target of $85.03.

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.