Oklo (NYSE:OKLO) Shares Down 6% – Time to Sell?

by · The Cerbat Gem

Shares of Oklo Inc. (NYSE:OKLOGet Free Report) were down 6% during trading on Monday . The stock traded as low as $81.13 and last traded at $82.3590. Approximately 8,621,822 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 14,592,958 shares. The stock had previously closed at $87.63.

Wall Street Analysts Forecast Growth

OKLO has been the topic of a number of analyst reports. Citigroup restated a “neutral” rating on shares of Oklo in a research report on Monday, November 24th. Cantor Fitzgerald reissued an “overweight” rating and set a $122.00 price target on shares of Oklo in a research report on Wednesday, November 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $106.00 price objective on shares of Oklo in a report on Friday, January 9th. B. Riley increased their target price on Oklo from $58.00 to $129.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Finally, Bank of America raised Oklo from a “neutral” rating to a “buy” rating and boosted their price target for the company from $111.00 to $127.00 in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Oklo has a consensus rating of “Moderate Buy” and an average price target of $103.20.

Get Our Latest Stock Analysis on OKLO

Oklo Trading Down 6.0%

The business’s fifty day moving average price is $90.03 and its 200-day moving average price is $96.04.

Oklo (NYSE:OKLOGet Free Report) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same quarter last year, the firm earned ($0.08) earnings per share. Sell-side analysts anticipate that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Transactions at Oklo

In other Oklo news, insider William Carroll Murphy Goodwin sold 11,936 shares of Oklo stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $101.84, for a total value of $1,215,562.24. Following the sale, the insider owned 8,750 shares of the company’s stock, valued at approximately $891,100. The trade was a 57.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jacob Dewitte sold 840,000 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $82.32, for a total value of $69,148,800.00. Following the completion of the transaction, the chief executive officer owned 1,580,000 shares in the company, valued at approximately $130,065,600. The trade was a 34.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,552,800 shares of company stock worth $137,543,426 in the last 90 days. Insiders own 18.90% of the company’s stock.

Hedge Funds Weigh In On Oklo

Several large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Oklo by 71.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company’s stock valued at $792,822,000 after buying an additional 2,968,981 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Oklo by 33.4% in the third quarter. Vanguard Group Inc. now owns 11,593,468 shares of the company’s stock worth $1,294,179,000 after acquiring an additional 2,901,909 shares during the period. State Street Corp grew its position in shares of Oklo by 454.5% in the second quarter. State Street Corp now owns 2,138,658 shares of the company’s stock valued at $119,743,000 after purchasing an additional 1,752,946 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Oklo by 195.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company’s stock valued at $125,906,000 after purchasing an additional 1,488,482 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in Oklo by 61.0% during the 3rd quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock worth $387,914,000 after purchasing an additional 1,316,867 shares in the last quarter. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Company Profile

(Get Free Report)

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.

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