Oklo (NYSE:OKLO) Hits New 1-Year Low on Insider Selling

Oklo Inc. (NYSE:OKLO) shares hit a new 52-week low during trading on Tuesday following insider selling activity. The company traded as low as $26.82 and last traded at $27.1350, with a volume of 8,430,032 shares traded. The stock had previously closed at $27.97.

Specifically, General Counsel Vivek Narayanadas sold 2,359 shares of the company’s stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $27.63, for a total value of $65,179.17. Following the completion of the sale, the general counsel directly owned 15,810 shares in the company, valued at $436,830.30. This represents a 12.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.

Wall Street Analyst Weigh In

Several research firms recently commented on OKLO. UBS Group cut their price target on Oklo from $55.00 to $41.00 and set a “neutral” rating for the company in a report on Friday, September 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Oklo in a research note on Friday, August 7th. Piper Sandler dropped their target price on Oklo from $55.00 to $49.00 and set an “overweight” rating for the company in a report on Monday. Guggenheim assumed coverage on Oklo in a report on Thursday, June 25th. They issued a “neutral” rating for the company. Finally, Canaccord Genuity Group cut their target price on Oklo from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $79.65.

Key Oklo News

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Barclays sees substantial recovery potential in Oklo, assigning an implied upside of approximately 117% from recent levels. Barclays sees upside for Oklo
• Positive Sentiment: Piper Sandler also sees potential upside of about 82%, reinforcing the view that the steep sell-off may have created a more attractive entry point for investors willing to accept substantial development risk. Piper Sandler sees upside for Oklo
• Positive Sentiment: Oklo reported progress on Department of Energy milestones for its Aurora-INL and Groves projects and continues to pursue Nuclear Regulatory Commission licensing. These developments support its long-term commercialization strategy, although they do not yet constitute final approvals or meaningful operating revenue. Oklo advances regulatory milestones
• Neutral Sentiment: Citigroup lowered its price target to $33 from $57.50 and changed its rating to “Neutral.” The new target still implies approximately 18.9% upside, but the sharp reduction signals more cautious expectations. Citigroup lowers Oklo price target
• Neutral Sentiment: General Counsel Vivek Narayanadas sold 2,359 shares for about $65,179 under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards. Because the sale was planned and tax-related, it is a limited bearish signal. SEC Form 4 filing
• Negative Sentiment: Weakness across the small-modular-reactor sector, including a Barclays downgrade of NuScale, has weighed on related nuclear stocks. Commentary also suggests Oklo may still be expensive relative to its long-term growth prospects, increasing volatility and downside risk. Nuclear sector weakness affects Oklo

Oklo Stock Up 1.0%

The firm has a 50-day moving average of $37.86 and a two-hundred day moving average of $49.97. The company has a market capitalization of $5.16 billion, a PE ratio of -29.52 and a beta of 1.20.

Oklo (NYSE:OKLO) last posted its earnings results on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.12). The business had revenue of $1.21 million during 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 for the quarter was up 11900.0% on a year-over-year basis. On average, equities research analysts expect that Oklo Inc. will post -1.00 EPS for the current year.

Institutional Trading of Oklo

Hedge funds and other institutional investors have recently modified their holdings of the business. Costello Asset Management INC raised its holdings in Oklo by 66.7% in the 1st quarter. Costello Asset Management INC now owns 500 shares of the company’s stock valued at $25,000 after buying an additional 200 shares during the period. SHP Wealth Management acquired a new position in Oklo in the fourth quarter valued at about $32,000. Ascentis Independent Advisors acquired a new position in Oklo in the first quarter valued at about $33,000. TD Waterhouse Canada Inc. lifted its position in Oklo by 200.5% in the third quarter. TD Waterhouse Canada Inc. now owns 1,124 shares of the company’s stock valued at $41,000 after buying an additional 750 shares during the last quarter. Finally, GK Wealth Management LLC purchased a new position in Oklo during the third quarter worth about $69,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Oklo Company Profile

Oklo Inc is an advanced nuclear technology company developing compact fission power plants designed to provide reliable, carbon-free electricity. Its flagship product, the Aurora powerhouse, is a small modular reactor intended to operate with a high degree of fuel efficiency and to supply power directly to customers such as utilities, industrial facilities, data centers and other energy-intensive operations.

The company is also developing fuel-recycling capabilities intended to convert used nuclear fuel and other material into fuel for advanced reactors.