Oklo (NYSE:OKLO) Stock Price Down 2.5% – Should You Sell?

Oklo Inc. (NYSE:OKLO)’s share price traded down 2.5% on Monday. The company traded as low as $36.91 and last traded at $37.1070. 6,406,312 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 11,236,190 shares. The stock had previously closed at $38.04.

Trending Headlines about Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo received a “Moderate Buy” consensus rating from Wall Street analysts. The average analyst price target of approximately $82.44 implies substantial upside, although ratings remain mixed. Oklo Stock Now Rated Moderate Buy by Wall Street Analysts
• Positive Sentiment: Oklo benefited from renewed investor interest in nuclear and uranium stocks after Uranium Energy reported stronger production and a realized uranium price of $93.13. The sector momentum also lifted Oklo and NuScale Power. Uranium Energy Surges as Multi-Mine Ramp Delivers Strong Uranium Price
• Positive Sentiment: The potential Air Force microreactor opportunity could provide important commercial validation for Oklo’s Aurora technology and support future government and industrial deployments. UBS Lowers Oklo Price Target but Notes Air Force Microreactor Opportunity
• Neutral Sentiment: Truist Financial maintained a Hold rating, indicating limited near-term conviction despite Oklo’s long-term advanced-nuclear opportunity. Truist Maintains Hold Rating on Oklo
• Neutral Sentiment: John Hanson, Alexandra Renner and William Carroll Murphy Goodwin sold a combined 3,975 shares at about $37.39 per share to cover tax withholding on vested equity awards. The sales were relatively small compared with their remaining holdings, reducing their signaling importance. Oklo Insider Stock Sales
• Negative Sentiment: UBS reduced its price target to $41, signaling lower near-term valuation expectations. Oklo also remains unprofitable; its latest quarterly loss exceeded analyst expectations despite sharply higher revenue, keeping the stock sensitive to execution and valuation concerns. UBS Lowers Oklo Price Target

Wall Street Analyst Weigh In

Several research analysts recently commented on OKLO shares. Citigroup reduced their price target on shares of Oklo from $76.00 to $57.50 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Piper Sandler initiated coverage on Oklo in a report on Tuesday, September 8th. They set an “overweight” rating and a $55.00 target price for the company. Truist Financial set a $51.00 price target on shares of Oklo in a research report on Monday. Barclays dropped their target price on Oklo from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Oklo in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.44.

Oklo Trading Down 0.1%

The stock has a market cap of $6.90 billion, a PE ratio of -39.44 and a beta of 1.18. The business has a 50-day moving average price of $41.04 and a 200-day moving average price of $52.37.

Oklo (NYSE:OKLO) last issued 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 company had revenue of $1.21 million for the quarter, compared to analysts’ expectations of $0.09 million. During the same quarter in the previous year, the company earned ($0.18) earnings per share. The company’s quarterly revenue was up 11900.0% compared to the same quarter last year. Equities analysts expect that Oklo Inc. will post -0.96 earnings per share for the current year.

Insider Transactions at Oklo

In other news, insider William Carroll Murphy Goodwin sold 11,592 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $39.77, for a total transaction of $461,013.84. Following the completion of the sale, the insider owned 45,268 shares of the company’s stock, valued at $1,800,308.36. This represents a 20.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Vivek Narayanadas sold 3,264 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $39.77, for a total transaction of $129,809.28. Following the transaction, the general counsel owned 7,822 shares in the company, valued at $311,080.94. The trade was a 29.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 166,005 shares of company stock worth $6,414,549 in the last quarter. 12.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Oklo

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sei Investments Co. increased its stake in shares of Oklo by 344.6% in the 1st quarter. Sei Investments Co. now owns 50,096 shares of the company’s stock worth $2,484,000 after acquiring an additional 38,829 shares during the last quarter. Bank of America Corp DE boosted its holdings in Oklo by 55.3% in the 1st quarter. Bank of America Corp DE now owns 620,281 shares of the company’s stock valued at $30,760,000 after purchasing an additional 220,976 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of Oklo by 82.8% in the 4th quarter. Intech Investment Management LLC now owns 46,717 shares of the company’s stock valued at $3,352,000 after buying an additional 21,157 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Oklo during the 2nd quarter valued at approximately $2,096,000. Finally, Hsbc Holdings PLC grew its position in Oklo by 1,184.4% in the fourth quarter. Hsbc Holdings PLC now owns 112,372 shares of the company’s stock worth $8,063,000 after acquiring an additional 103,623 shares during the period. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Company Profile

Oklo Inc is an advanced fission technology company developing compact nuclear power plants designed to provide reliable, carbon-free electricity. Its flagship Aurora powerhouse is a small-scale fission system intended to operate for extended periods and supply power directly to industrial, commercial, and other large energy users.

The company is also developing fuel-recycling capabilities to support the use of recovered nuclear fuel in advanced reactors. Oklo has pursued partnerships and regulatory work in the United States, including activities associated with the Idaho National Laboratory, and is initially focused on serving U.S.