Vivek Narayanadas Sells 365 Shares of Oklo (NYSE:OKLO) Stock

Oklo Inc. (NYSE:OKLO) General Counsel Vivek Narayanadas sold 365 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $43.31, for a total value of $15,808.15. Following the transaction, the general counsel owned 8,159 shares in the company, valued at $353,366.29. The trade was a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 Tuesday, September 8th, Vivek Narayanadas sold 238 shares of Oklo stock. The shares were sold at an average price of $42.06, for a total transaction of $10,010.28.
• On Friday, September 4th, Vivek Narayanadas sold 538 shares of Oklo stock. The stock was sold at an average price of $39.88, for a total value of $21,455.44.
• On Tuesday, August 25th, Vivek Narayanadas sold 223 shares of Oklo stock. The stock was 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 value of $129,809.28.

Oklo Trading Down 8.9%

NYSE OKLO opened at $36.34 on Friday. Oklo Inc. has a 12-month low of $36.20 and a 12-month high of $193.84. The stock has a market cap of $6.76 billion, a P/E ratio of -38.66 and a beta of 1.18. The company has a fifty day simple moving average of $42.97 and a two-hundred day simple moving average of $54.59.

Oklo (NYSE:OKLO) last announced its quarterly earnings data 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 analyst estimates of $0.09 million. The company’s revenue for the quarter was up 11900.0% on a year-over-year basis. During the same period last year, the firm posted ($0.18) EPS. As a group, sell-side analysts forecast that Oklo Inc. will post -0.92 earnings per share for the current year.

Key Stories Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Piper Sandler initiated coverage with an Overweight rating and a $55 price target. The analyst views Oklo’s advanced-reactor technology as well positioned to benefit from rising electricity demand from data centers and artificial-intelligence infrastructure. Piper Sandler Initiates a Buy Rating on Oklo
• Neutral Sentiment: Analyst targets remain significantly above the market price. The consensus rating is “Moderate Buy,” with an average target near $83, although targets ranging from $55 to $110 highlight substantial uncertainty around Oklo’s commercialization timeline and valuation. Analysts Set Oklo Price Target
• Neutral Sentiment: Insider sales were disclosed. CEO Jacob DeWitte reportedly sold 120,000 shares for approximately $4.6 million, while General Counsel Vivek Narayanadas sold smaller amounts. The general counsel’s transactions were made under Rule 10b5-1 plans to cover tax obligations, reducing their bearish significance, but the CEO sale may weigh on sentiment. Oklo CEO Share Sale
• Negative Sentiment: Oklo launched a new at-the-market offering of up to $1 billion in Class A shares. The program creates potential dilution and signals that the company may need substantial additional capital. It follows the full use of a prior $1 billion ATM program launched in May, which was exhausted in roughly four months. Oklo Launches New One Billion Dollar Equity Program
• Negative Sentiment: Financing and execution risks remain elevated. Oklo is unprofitable, has not yet deployed a commercial reactor, and its latest quarterly loss of $0.28 per share exceeded the $0.16 consensus estimate. Investors remain concerned about licensing, construction timelines, cash burn and the path to commercial revenue.

Institutional Investors Weigh In On Oklo

A number of large investors have recently modified their holdings of the company. California State Teachers Retirement System raised its stake in Oklo by 6,518.7% in the second quarter. California State Teachers Retirement System now owns 8,682,908 shares of the company’s stock valued at $454,377,000 after buying an additional 8,551,720 shares in the last quarter. Van ECK Associates Corp raised its position in Oklo by 13.9% in the 4th quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock valued at $283,902,000 after purchasing an additional 481,288 shares during the last quarter. State Street Corp grew 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 buying an additional 584,184 shares during the last quarter. Geode Capital Management LLC raised its stake 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 last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Oklo by 8.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,160,278 shares of the company’s stock valued at $83,262,000 after acquiring an additional 90,213 shares in the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OKLO has been the topic of a number of recent analyst reports. Citigroup decreased their target price on Oklo from $76.00 to $57.50 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Guggenheim began coverage on Oklo in a report on Thursday, June 25th. They issued a “neutral” rating for the company. Canaccord Genuity Group decreased their target price on shares of Oklo from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Wedbush reiterated an “outperform” rating and set a $110.00 price target on shares of Oklo in a report on Tuesday, May 26th. Finally, Piper Sandler assumed coverage on shares of Oklo in a research report on Tuesday. They set an “overweight” rating and a $55.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $83.26.

Oklo Company Profile

Oklo Inc is an advanced nuclear technology company focused on developing and commercializing small-scale fission power plants. The company’s flagship product, the Aurora powerhouse, is designed to provide reliable, long-term electricity and heat using advanced nuclear reactor technology. Oklo is targeting applications such as industrial operations, data centers, defense facilities and other customers that require dependable, low-carbon energy.

Oklo is also developing fuel-recycling capabilities intended to use certain forms of nuclear fuel more efficiently and reduce the volume of nuclear waste requiring disposal.