Oklo (NYSE:OKLO) Stock Falls 6.3% on Analyst Downgrade

Shares of Oklo Inc. (NYSE:OKLO) fell 6.3% during mid-day trading on Tuesday after Canaccord Genuity Group lowered their price target on the stock from $100.00 to $66.00. Canaccord Genuity Group currently has a buy rating on the stock. Oklo traded as low as $24.85 and last traded at $25.14. Approximately 11,298,181 shares were traded during trading, an increase of 1% from the average session volume of 11,146,452 shares. The stock had previously closed at $26.84.

Other research analysts have also issued research reports about the company. Barclays dropped their target price on Oklo from $76.00 to $59.00 and set an “overweight” rating on the stock in a report on Tuesday, October 20th. HC Wainwright reissued a “buy” rating and issued a $90.00 price target on shares of Oklo in a research report on Monday. UBS Group lowered their price target on Oklo from $55.00 to $41.00 and set a “neutral” rating for the company in a research report on Friday, September 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Oklo in a research note on Wednesday, November 4th. Finally, Piper Sandler cut their price objective on shares of Oklo from $55.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Oklo presently has an average rating of “Moderate Buy” and an average price target of $67.83.

Insider Activity at Oklo

In other Oklo news, Director John M. Jansen sold 6,354 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $36.67, for a total value of $233,001.18. Following the transaction, the director directly owned 6,000 shares in the company, valued at $220,020. The trade was a 51.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William Carroll Murphy Goodwin sold 11,592 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $39.77, for a total value of $461,013.84. Following the transaction, the insider directly owned 45,268 shares of the company’s stock, valued at approximately $1,800,308.36. This trade represents a 20.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 350,203 shares of company stock valued at $12,424,945 in the last 90 days. 12.70% of the stock is currently owned by company insiders.

Key Stories Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo reported third-quarter sales of $1.86 million and a net loss of $41.75 million; its loss per share was narrower than analysts expected. The company also reported $3.1 billion in liquidity and progress on reactor, fuel and isotope plans. Article: OKLO Q3 Earnings Call Highlights Reactor and Fuel Expansion Plans
• Positive Sentiment: A long-term agreement with U.S. Forged Rings reserves domestic manufacturing capacity for components supporting 27 Aurora reactor modules, with deliveries expected from 2030 through 2035. It could help reduce future supply-chain constraints, though the benefit is years away. Article: Oklo Secures U.S. Forging Capacity for Future Aurora Expansion
• Neutral Sentiment: Analyst views remain mixed: HC Wainwright kept a Buy rating and $90 target but lowered its 2030 earnings estimate, while Canaccord reportedly cut its target to $66 and retained a Buy rating. Article: H.C. Wainwright’s $90 Target Says Oklo’s Selloff Went Too Far
• Negative Sentiment: Oklo remains loss-making, and its planned manufacturing deliveries are not due until 2030. Licensing, project delays, continued cash burn and possible future stock offerings leave substantial uncertainty about when the company can become profitable. Article: Should You Buy Oklo Stock While It’s Under $30?

Institutional Investors Weigh In On Oklo

Institutional investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC lifted its holdings in shares of Oklo by 6.2% during the third quarter. Voya Investment Management LLC now owns 11,416 shares of the company’s stock valued at $423,000 after purchasing an additional 662 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Oklo by 7.5% in the 3rd quarter. HighTower Advisors LLC now owns 26,272 shares of the company’s stock worth $973,000 after buying an additional 1,841 shares during the last quarter. IFG Advisory LLC grew its stake in shares of Oklo by 48.3% in the 3rd quarter. IFG Advisory LLC now owns 7,046 shares of the company’s stock worth $261,000 after buying an additional 2,295 shares during the last quarter. Moors & Cabot Inc. grew its stake in shares of Oklo by 7.3% in the 3rd quarter. Moors & Cabot Inc. now owns 22,478 shares of the company’s stock worth $832,000 after buying an additional 1,525 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in Oklo by 48.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 371,761 shares of the company’s stock valued at $13,763,000 after buying an additional 121,438 shares in the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.

Oklo Stock Performance

The stock has a 50-day moving average of $33.29 and a two-hundred day moving average of $52.04. The company has a market cap of $4.68 billion, a P/E ratio of -26.19 and a beta of 1.31.

Oklo (NYSE:OKLO) last released its earnings results on Friday, November 6th. The company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.05. The company had revenue of $1.86 million during the quarter, compared to the consensus estimate of $1.03 million. During the same period last year, the firm posted ($0.20) earnings per share. Research analysts predict that Oklo Inc. will post -1.00 EPS for the current year.

About Oklo

Oklo Inc. develops advanced nuclear fission power plants designed to provide reliable, carbon-free electricity. Its Aurora powerhouse concept uses fast-reactor technology and is designed to operate with metallic fuel, including fuel derived from recycled nuclear material. Oklo is developing its technology and has not yet established a commercial operating fleet. The company plans to supply electricity through long-term power agreements rather than relying solely on equipment sales. Its prospective customers include data centers, industrial facilities, and other users seeking dependable power, with its development efforts focused primarily on the United States.