Oklo (NYSE:OKLO) Hits New 52-Week Low on Insider Selling

Oklo Inc. (NYSE:OKLO)’s stock price reached a new 52-week low during trading on Tuesday after an insider sold shares in the company. The company traded as low as $26.82 and last traded at $27.1350, with a volume of 8,430,032 shares changing hands. The stock had previously closed at $27.97.

Specifically, General Counsel Vivek Narayanadas sold 2,359 shares of Oklo stock in a transaction 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 transaction, the general counsel directly owned 15,810 shares in the company, valued at approximately $436,830.30. This trade represents a 12.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.

Analysts Set New Price Targets

Several research firms recently commented on OKLO. Truist Financial set a $51.00 target price on Oklo in a research note on Monday, September 28th. Canaccord Genuity Group reduced their price target on Oklo from $125.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Citigroup decreased their price objective on Oklo from $57.50 to $33.00 and set a “neutral” rating for the company in a research note on Wednesday. Piper Sandler decreased their price objective on Oklo from $55.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday. 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 issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.65.

More 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 Price Performance

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

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. The firm’s revenue was up 11900.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.18) EPS. As a group, equities analysts anticipate that Oklo Inc. will post -1.00 EPS for the current fiscal year.

Institutional Trading of Oklo

Several institutional investors have recently modified their holdings of OKLO. Sei Investments Co. boosted its holdings in shares of Oklo by 344.6% in the 1st quarter. Sei Investments Co. now owns 50,096 shares of the company’s stock valued at $2,484,000 after buying an additional 38,829 shares in the last quarter. Bank of America Corp DE raised its stake in Oklo by 55.3% during the 1st quarter. Bank of America Corp DE now owns 620,281 shares of the company’s stock worth $30,760,000 after acquiring an additional 220,976 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Oklo during the 2nd quarter worth $2,096,000. Hsbc Holdings PLC raised its stake in Oklo by 1,184.4% during the 4th 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 in the last quarter. Finally, Optiver Holding B.V. acquired a new stake in Oklo during the 1st quarter worth $2,414,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

About Oklo

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.