Oklo (NYSE:OKLO) General Counsel Vivek Narayanadas Sells 2,359 Shares of Stock

Oklo Inc. (NYSE:OKLO) General Counsel Vivek Narayanadas sold 2,359 shares of the firm’s stock in a transaction that occurred on Monday, October 19th. The shares were 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 of the company’s stock, valued at $436,830.30. This trade represents a 12.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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.

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

• On Friday, October 9th, Vivek Narayanadas sold 364 shares of Oklo stock. The shares were sold at an average price of $34.69, for a total value of $12,627.16.
• On Tuesday, October 6th, Vivek Narayanadas sold 288 shares of Oklo stock. The stock was sold at an average price of $37.29, for a total value of $10,739.52.
• On Monday, October 5th, Vivek Narayanadas sold 649 shares of Oklo stock. The stock was sold at an average price of $35.93, for a total value of $23,318.57.
• 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 value 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 value 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 transaction 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 transaction of $9,098.40.
• On Monday, August 24th, Vivek Narayanadas sold 3,264 shares of Oklo stock. The shares were sold at an average price of $39.77, for a total transaction of $129,809.28.

Oklo Trading Up 0.9%

Shares of OKLO stock opened at $27.50 on Wednesday. The firm has a fifty day simple moving average of $38.21 and a two-hundred day simple moving average of $50.11. Oklo Inc. has a 12 month low of $26.36 and a 12 month high of $154.45. The firm has a market capitalization of $5.12 billion, a PE ratio of -29.25 and a beta of 1.20.

Oklo (NYSE:OKLO) last released its quarterly earnings data 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 analysts’ expectations of $0.09 million. The company’s quarterly revenue was up 11900.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.18) earnings per share. On average, equities analysts predict that Oklo Inc. will post -1.02 earnings per share for the current fiscal year.

Oklo News Roundup

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo reported progress on Department of Energy regulatory milestones for its Aurora-INL and Groves projects while continuing to pursue Nuclear Regulatory Commission licensing. These steps could improve the company’s ability to develop and commercialize its planned advanced reactors, although they do not yet represent operating revenue or final project approval. OKLO Advances Regulatory Milestones to Support Nuclear Growth
• Positive Sentiment: The company plans to develop an isotope facility under the U.S. Launch Pad initiative. The project could broaden Oklo’s long-term commercial opportunity beyond electricity generation, though the financial impact is likely to be longer term. Oklo plans isotope facility under US Launch Pad initiative
• Neutral Sentiment: Oklo’s general counsel sold 2,359 shares for approximately $65,179. The transaction was conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to vested equity awards, reducing its significance as a discretionary bearish signal. SEC Form 4 filing
• Negative Sentiment: Investor sentiment remains pressured by weakness across the advanced-nuclear group. A Barclays downgrade of NuScale helped pull related nuclear stocks lower, while commentary comparing Oklo with X-Energy suggested Oklo may be relatively expensive based on its long-term growth prospects. NuScale Power Sinks as Barclays Cuts Rating

Institutional Investors Weigh In On Oklo

Large investors have recently made changes to their positions in the business. Carnegie Investment Counsel purchased a new position in Oklo in the third quarter valued at about $212,000. AlphaStar Capital Management LLC grew its position in shares of Oklo by 11.8% during the 3rd quarter. AlphaStar Capital Management LLC now owns 121,791 shares of the company’s stock valued at $4,509,000 after acquiring an additional 12,808 shares during the period. TD Waterhouse Canada Inc. grew its position in shares of Oklo by 200.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,124 shares of the company’s stock valued at $41,000 after acquiring an additional 750 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Oklo during the 3rd quarter worth approximately $238,000. Finally, Accel Wealth Management purchased a new stake in shares of Oklo during the 3rd quarter worth approximately $224,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OKLO has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Oklo in a research report on Friday, August 7th. HC Wainwright reiterated a “buy” rating and set a $90.00 price target on shares of Oklo in a research note on Monday, August 10th. UBS Group decreased their price objective on Oklo from $55.00 to $41.00 and set a “neutral” rating for the company in a report on Friday, September 25th. Guggenheim initiated coverage on Oklo in a report on Thursday, June 25th. They set a “neutral” rating for the company. Finally, Barclays lowered their price objective on Oklo from $76.00 to $59.00 and set an “overweight” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Oklo currently has a consensus rating of “Moderate Buy” and an average target price of $81.09.

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.