Oklo (NYSE:OKLO) Shares Up 4% – Time to Buy?

Shares of Oklo Inc. (NYSE:OKLO) rose 4% during trading on Thursday . The company traded as high as $63.00 and last traded at $61.1540. 14,110,826 shares changed hands during mid-day trading, an increase of 16% from the average daily volume of 12,150,728 shares. The stock had previously closed at $58.82.

Key Headlines Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo signed a letter of intent with Centrus Energy to supply enough domestic HALEU to power up to five Aurora powerhouses, with deliveries starting in 2029. The deal strengthens confidence that Oklo can secure fuel for its planned Southern Ohio deployment and broader 1.2 GW Clean Energy Campus. Article Title
• Positive Sentiment: The Centrus agreement is being viewed as a key step toward solving Oklo’s fuel-supply bottleneck, which had been a major risk for the stock’s long-term commercialization timeline. Article Title
• Positive Sentiment: Oklo and Siemens Energy advanced a turbine package for the Aurora-INL project, another sign that the company’s first advanced nuclear deployment is moving forward operationally. Article Title
• Neutral Sentiment: Several commentary pieces highlighted that Oklo’s recent rally comes after a sizable year-to-date pullback, with valuation reset by the correction but execution risk still high because the company remains pre-revenue and faces a long path to commercialization. Article Title
• Neutral Sentiment: Additional coverage from Zacks and other outlets reiterated the same mix of opportunity and risk: stronger supply-chain visibility and project momentum, but ongoing concerns about losses and the timing of revenue generation. Article Title

Analysts Set New Price Targets

A number of research analysts have issued reports on OKLO shares. Canaccord Genuity Group cut their target price on shares of Oklo from $175.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. The Goldman Sachs Group lowered their price target on shares of Oklo from $91.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Citigroup boosted their price target on shares of Oklo from $73.50 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. HC Wainwright restated a “buy” rating and issued a $90.00 price objective on shares of Oklo in a report on Wednesday, March 18th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $122.00 price objective on shares of Oklo in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Oklo currently has an average rating of “Moderate Buy” and a consensus price target of $82.78.

Oklo Stock Up 4.0%

The business has a fifty day moving average of $64.32 and a 200 day moving average of $71.36. The firm has a market cap of $10.64 billion, a P/E ratio of -72.80 and a beta of 1.10.

Oklo (NYSE:OKLO) last issued its earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. During the same period in the prior year, the firm posted ($0.07) EPS. On average, sell-side analysts expect that Oklo Inc. will post -0.78 EPS for the current fiscal year.

Insider Buying and Selling

In other Oklo news, CEO Jacob Dewitte sold 140,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $50.39, for a total value of $7,054,600.00. Following the completion of the sale, the chief executive officer owned 656,483 shares of the company’s stock, valued at approximately $33,080,178.37. This represents a 17.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William Carroll Murphy Goodwin sold 10,548 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $58.04, for a total transaction of $612,205.92. Following the completion of the sale, the insider owned 36,175 shares in the company, valued at approximately $2,099,597. This trade represents a 22.58% 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 699,971 shares of company stock valued at $44,221,357 in the last 90 days. 18.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Oklo

Several institutional investors and hedge funds have recently made changes to their positions in OKLO. NBC Securities Inc. increased its position in shares of Oklo by 75.0% in the 4th quarter. NBC Securities Inc. now owns 350 shares of the company’s stock valued at $25,000 after buying an additional 150 shares in the last quarter. Costello Asset Management INC grew its stake in Oklo by 66.7% in the first quarter. Costello Asset Management INC now owns 500 shares of the company’s stock valued at $25,000 after acquiring an additional 200 shares during the period. GAMMA Investing LLC lifted its stake in Oklo by 356.2% in the fourth quarter. GAMMA Investing LLC now owns 365 shares of the company’s stock valued at $26,000 after buying an additional 285 shares in the last quarter. Nemes Rush Group LLC bought a new position in Oklo in the third quarter valued at approximately $28,000. Finally, Gilpin Wealth Management LLC acquired a new position in shares of Oklo in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

About Oklo

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.