Oklo (NYSE:OKLO) Trading Up 9.5% – Time to Buy?

Oklo Inc. (NYSE:OKLO)’s share price traded up 9.5% during trading on Tuesday . The company traded as high as $70.60 and last traded at $73.6050. 18,725,346 shares traded hands during mid-day trading, an increase of 39% from the average session volume of 13,481,886 shares. The stock had previously closed at $67.2020.

Oklo News Summary

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo is still seeing supportive investor interest tied to its nuclear-growth story, including recent momentum around DOE fuel discussions, regulatory progress, and broader enthusiasm for nuclear power as a solution for AI and clean-energy demand.
• Positive Sentiment: Options activity was elevated, with investors buying more call options than usual, suggesting some traders are still positioning for upside in the name.
• Neutral Sentiment: A recent article noted that OKLO and OTTR had the highest short interest in the utilities sector, which can indicate skepticism from traders but also creates the potential for sharp moves if sentiment shifts. Article Title
• Negative Sentiment: CEO Jacob Dewitte sold 60,000 shares and then an additional 140,000 shares under a pre-arranged 10b5-1 plan, while CFO Richard Craig Bealmear also sold 73,081 shares. Together, the insider sales reinforced concerns that management may be taking profits after a strong run.
• Negative Sentiment: A market-moving report said Oklo stock fell after co-founders disclosed about $13.6 million in insider share sales, which appears to be the main catalyst behind the weakness investors are seeing today. Article Title

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OKLO. Craig Hallum restated a “hold” rating on shares of Oklo in a report on Wednesday, March 18th. Wolfe Research started coverage on shares of Oklo in a research note on Tuesday, May 19th. They set a “peer perform” rating for the company. Wedbush reissued an “outperform” rating and set a $110.00 target price on shares of Oklo in a research report on Tuesday, May 26th. HSBC began coverage on shares of Oklo in a research report on Thursday, April 23rd. They set a “buy” rating and a $96.00 target price for the company. Finally, B. Riley Financial cut their price target on shares of Oklo from $129.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.06.

Oklo Price Performance

The firm has a market cap of $11.37 billion, a price-to-earnings ratio of -77.81 and a beta of 1.10. The firm has a fifty day simple moving average of $62.63 and a two-hundred day simple moving average of $73.74.

Oklo (NYSE:OKLO) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.01. During the same quarter last year, the company posted ($0.07) EPS. Equities analysts anticipate that Oklo Inc. will post -0.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Jacob Dewitte sold 140,000 shares of Oklo stock in a transaction on Friday, May 1st. The shares were sold at an average price of $70.50, for a total transaction of $9,870,000.00. Following the completion of the sale, the chief executive officer directly owned 598,039 shares in the company, valued at approximately $42,161,749.50. The trade was a 18.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard Craig Bealmear sold 73,081 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $68.42, for a total transaction of $5,000,202.02. Following the sale, the chief financial officer directly owned 397,642 shares in the company, valued at $27,206,665.64. This trade represents a 15.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 892,669 shares of company stock worth $55,773,903 in the last 90 days. 18.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oklo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Oklo by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 11,637,504 shares of the company’s stock valued at $835,107,000 after purchasing an additional 44,036 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Oklo by 71.8% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company’s stock worth $792,822,000 after purchasing an additional 2,968,981 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Oklo by 13.9% in the fourth quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock worth $283,902,000 after purchasing an additional 481,288 shares during the last quarter. State Street Corp lifted its holdings in shares of Oklo by 23.6% during the fourth quarter. State Street Corp now owns 3,060,220 shares of the company’s stock worth $219,601,000 after purchasing an additional 584,184 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Oklo by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company’s stock worth $201,671,000 after purchasing an additional 185,265 shares during the period. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Company Profile

Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.

The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.