Oklo (NYSE:OKLO) General Counsel Vivek Narayanadas Sells 649 Shares of Stock

Oklo Inc. (NYSE:OKLO) General Counsel Vivek Narayanadas sold 649 shares of the firm’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $35.93, for a total transaction of $23,318.57. Following the completion of the sale, the general counsel owned 8,734 shares in the company, valued at $313,812.62. The trade was a 6.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Vivek Narayanadas also recently made the following trade(s):

• On Wednesday, September 9th, Vivek Narayanadas sold 365 shares of Oklo stock. The stock was sold at an average price of $43.31, for a total transaction of $15,808.15.
• On Tuesday, September 8th, Vivek Narayanadas sold 238 shares of Oklo stock. The stock was sold at an average price of $42.06, for a total transaction of $10,010.28.
• On Friday, September 4th, Vivek Narayanadas sold 538 shares of Oklo stock. The shares were sold at an average price of $39.88, for a total value of $21,455.44.
• On Tuesday, August 25th, Vivek Narayanadas sold 223 shares of Oklo stock. The shares were sold at an average price of $40.80, for a total value of $9,098.40.
• On Monday, August 24th, Vivek Narayanadas sold 3,264 shares of Oklo stock. The stock was sold at an average price of $39.77, for a total value of $129,809.28.

Oklo Trading Up 7.3%

OKLO stock traded up $2.62 during trading on Tuesday, hitting $38.59. 16,673,343 shares of the company’s stock were exchanged, compared to its average volume of 11,193,335. The business has a 50-day moving average price of $40.53 and a two-hundred day moving average price of $51.71. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of -41.06 and a beta of 1.20. Oklo Inc. has a 52-week low of $34.38 and a 52-week high of $193.84.

Oklo (NYSE:OKLO) last announced its quarterly earnings results on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The business had revenue of $1.21 million for the quarter, compared to the consensus estimate of $0.09 million. During the same quarter in the prior year, the company earned ($0.18) EPS. The firm’s revenue was up 11900.0% compared to the same quarter last year. On average, equities research analysts anticipate that Oklo Inc. will post -0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of OKLO. Citizens Financial Group Inc. RI boosted its stake in shares of Oklo by 1.0% during the first quarter. Citizens Financial Group Inc. RI now owns 18,704 shares of the company’s stock worth $928,000 after buying an additional 182 shares during the period. The Manufacturers Life Insurance Company raised its stake in Oklo by 0.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 70,433 shares of the company’s stock valued at $3,493,000 after acquiring an additional 183 shares during the last quarter. Triton Wealth Management PLLC raised its stake in Oklo by 1.3% during the 1st quarter. Triton Wealth Management PLLC now owns 14,760 shares of the company’s stock valued at $734,000 after acquiring an additional 191 shares during the last quarter. Costello Asset Management INC lifted its position in Oklo by 66.7% during the 1st quarter. Costello Asset Management INC now owns 500 shares of the company’s stock worth $25,000 after acquiring an additional 200 shares during the period. Finally, Strategic Advocates LLC grew its stake in shares of Oklo by 70.9% in the 4th quarter. Strategic Advocates LLC now owns 663 shares of the company’s stock valued at $47,000 after purchasing an additional 275 shares during the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on OKLO shares. HC Wainwright reissued a “buy” rating and issued a $90.00 price target on shares of Oklo in a research report on Monday, August 10th. UBS Group cut their target price on Oklo from $55.00 to $41.00 and set a “neutral” rating on the stock in a research report on Friday, September 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Oklo in a report on Friday, August 7th. Citigroup decreased their target price on Oklo from $76.00 to $57.50 and set a “neutral” rating for the company in a research report on Monday, August 10th. Finally, Barclays dropped their price target on Oklo from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.44.

Oklo News Roundup

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Sector-wide nuclear rally: Nuclear stocks gained after Alphabet’s Google announced an agreement to increase output from existing nuclear reactors. The news renewed investor enthusiasm for nuclear power, particularly for companies developing next-generation reactors such as Oklo. Nuclear stocks rally as Google’s reactor deal lifts the sector
• Positive Sentiment: Progress at the Groves reactor: A recent analyst update reportedly maintained a bullish rating and price target after a visit to Oklo’s Groves site. Investors are also continuing to assess the company’s August announcement that its reactor achieved first criticality in under a year, a milestone viewed as evidence of progress toward commercial deployment. Oklo shares climb as investors focus on reactor progress
• Positive Sentiment: Financial capacity and analyst upside: Oklo reported approximately $3.0 billion in cash and marketable securities at the end of the second quarter and is increasing spending to accelerate project development. Recent analyst targets cited in coverage are substantially above the current trading range, supporting the bullish narrative, although they remain dependent on successful execution. Oklo could be a major nuclear energy story
• Neutral Sentiment: Insider selling: CEO Jacob DeWitte sold 120,000 shares under a pre-arranged Rule 10b5-1 plan, while General Counsel Vivek Narayanadas sold 649 shares to cover tax withholding on vested equity. These transactions may attract scrutiny, but the disclosed plans and tax-related rationale reduce their signaling value.
• Negative Sentiment: Execution and dilution risks remain: Oklo has no established commercial reactor fleet, continues to spend heavily on development, and has reported losses. Its recent equity program and ongoing insider sales could weigh on the stock if investors become concerned about dilution or the time required to generate meaningful revenue.

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.