Oklo (NYSE:OKLO) Stock: Insider Jacob Dewitte Sells 40,000 Shares

Oklo Inc. (NYSE:OKLO) CEO Jacob DeWitte sold 40,000 shares of Oklo stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $24.64, for a total transaction of $985,600.00. Following the completion of the sale, the chief executive officer owned 351,533 shares in the company, valued at $8,661,773.12. The trade was a 10.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jacob Dewitte also recently made the following trade(s):

• On Thursday, October 1st, Jacob DeWitte sold 80,000 shares of Oklo stock. The stock was sold at an average price of $36.67, for a total transaction of $2,933,600.00.
• On Thursday, October 1st, Jacob DeWitte sold 40,000 shares of Oklo stock. The stock was sold at an average price of $36.19, for a total transaction of $1,447,600.00.
• On Tuesday, September 1st, Jacob DeWitte sold 80,000 shares of Oklo stock. The stock was sold at an average price of $38.69, for a total transaction of $3,095,200.00.
• On Tuesday, September 1st, Jacob DeWitte sold 40,000 shares of Oklo stock. The shares were sold at an average price of $38.40, for a total value of $1,536,000.00.

Oklo Stock Performance

NYSE:OKLO opened at $19.41 on Friday. The stock’s 50-day simple moving average is $33.94 and its 200 day simple moving average is $52.69. The company has a market cap of $3.61 billion, a P/E ratio of -20.64 and a beta of 1.31. Oklo Inc. has a 52-week low of $18.53 and a 52-week high of $120.95.

Oklo (NYSE:OKLO) last released its earnings results on Friday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The company had revenue of $1.21 million during the quarter, compared to analyst estimates of $0.09 million. During the same quarter in the previous year, the firm earned ($0.18) EPS. The business’s quarterly revenue was up 11900.0% compared to the same quarter last year. As a group, equities analysts predict that Oklo Inc. will post -1.00 earnings per share for the current fiscal year.

Key Headlines Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Wedbush initiated coverage with an Outperform rating and a $36 price target, offering a more constructive view of Oklo’s potential, although the target was reportedly reduced substantially from $110. Wedbush coverage and price target
• Neutral Sentiment: CEO Jacob DeWitte and CFO Richard Bealmear sold shares under pre-arranged Rule 10b5-1 plans. The sales may draw attention, but the planned nature provides context; both executives retained substantial holdings. Insider transaction information
• Negative Sentiment: Reports that Democrats were projected to win Congress unsettled AI-power stocks, amid concerns that policy or market changes could slow data-center construction and electricity demand. Oklo may be particularly vulnerable because it has very little revenue today. Election concerns weigh on AI-power stocks
• Negative Sentiment: Investors are awaiting Oklo’s Q3 2026 report, with attention on development costs, project progress and its outlook. Concerns include a history of earnings misses and the challenge of turning reactor development into commercial revenue. Oklo Q3 earnings report preview

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on OKLO shares. Wedbush initiated coverage on Oklo in a research report on Tuesday. They set an “outperform” rating and a $36.00 price target on the stock. Truist Financial cut their price objective on Oklo from $51.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, October 22nd. UBS Group decreased their target price on shares of Oklo from $55.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday, September 25th. Barclays decreased their target price on shares of Oklo from $76.00 to $59.00 and set an “overweight” rating for the company in a research note on Tuesday, October 20th. Finally, HC Wainwright restated a “buy” rating and set a $90.00 target price on shares of Oklo in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Oklo currently has an average rating of “Moderate Buy” and a consensus target price of $69.72.

Hedge Funds Weigh In On Oklo

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Citizens Financial Group Inc. RI boosted its holdings in shares of Oklo by 1.0% during the 1st quarter. Citizens Financial Group Inc. RI now owns 18,704 shares of the company’s stock worth $928,000 after buying an additional 182 shares during the period. The Manufacturers Life Insurance Company grew its stake in Oklo by 0.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 70,433 shares of the company’s stock valued at $3,493,000 after buying an additional 183 shares during the last quarter. Triton Wealth Management PLLC grew its stake in Oklo by 1.3% in the 1st quarter. Triton Wealth Management PLLC now owns 14,760 shares of the company’s stock valued at $734,000 after buying an additional 191 shares during the last quarter. Costello Asset Management INC grew its stake in Oklo by 66.7% in the 1st quarter. Costello Asset Management INC now owns 500 shares of the company’s stock valued at $25,000 after buying an additional 200 shares during the last quarter. Finally, Swedbank AB raised its holdings in Oklo by 3.4% in the 1st quarter. Swedbank AB now owns 10,592 shares of the company’s stock valued at $525,000 after acquiring an additional 345 shares during the period. Institutional investors own 85.03% of the company’s stock.

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.