Oklo (NYSE:OKLO) Stock: Insider Vivek Narayanadas Sells 2,359 Shares

Oklo Inc. (NYSE:OKLO) General Counsel Vivek Narayanadas sold 2,359 shares of the business’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 owned 15,810 shares of the company’s stock, valued at $436,830.30. This trade represents a 12.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 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 transaction 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 transaction 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 stock was sold at an average price of $39.77, for a total transaction of $129,809.28.

Oklo Stock Performance

Oklo stock opened at $27.75 on Thursday. The firm’s 50-day moving average is $37.86 and its 200-day moving average is $49.97. Oklo Inc. has a 1 year low of $26.36 and a 1 year high of $152.06. The company has a market cap of $5.16 billion, a P/E ratio of -29.52 and a beta of 1.20.

Oklo (NYSE:OKLO) last posted 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 firm had revenue of $1.21 million for the quarter, compared to analyst estimates of $0.09 million. During the same period in the previous year, the business earned ($0.18) earnings per share. The business’s revenue for the quarter was up 11900.0% on a year-over-year basis. As a group, sell-side analysts predict that Oklo Inc. will post -1.00 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on OKLO shares. HC Wainwright reissued a “buy” rating and issued a $90.00 target price on shares of Oklo in a report on Monday, August 10th. Guggenheim started coverage on Oklo in a report on Thursday, June 25th. They set a “neutral” rating for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Oklo in a report on Friday, August 7th. Citigroup dropped their price target on Oklo from $57.50 to $33.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, UBS Group dropped their price target on Oklo from $55.00 to $41.00 and set a “neutral” rating on the stock in a research report on Friday, September 25th. One investment 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 given a Sell rating to the company. According to data from MarketBeat.com, Oklo has an average rating of “Moderate Buy” and an average target price of $79.65.

Institutional Investors Weigh In On Oklo

Several institutional investors have recently bought and sold shares of OKLO. Bank of America Corp DE increased 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 valued at $30,760,000 after buying an additional 220,976 shares during the period. Bank of New York Mellon Corp raised its position in shares of Oklo by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 516,886 shares of the company’s stock worth $25,632,000 after buying an additional 5,945 shares in the last quarter. Swiss National Bank raised its position in shares of Oklo by 7.1% during the 1st quarter. Swiss National Bank now owns 324,900 shares of the company’s stock worth $16,112,000 after buying an additional 21,400 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Oklo by 427.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 171,128 shares of the company’s stock worth $12,280,000 after acquiring an additional 138,659 shares during the period. Finally, Amundi lifted its stake in shares of Oklo by 59.0% in the 1st quarter. Amundi now owns 164,824 shares of the company’s stock worth $8,174,000 after acquiring an additional 61,161 shares during the period. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo News Summary

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 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.