Oklo (NYSE:OKLO) Shares Up 4% – Still a Buy?

Oklo Inc. (NYSE:OKLO)’s stock price shot up 4% on Thursday . The stock traded as high as $65.29 and last traded at $65.0910. 10,161,542 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 11,767,521 shares. The stock had previously closed at $62.58.

Key Headlines Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: 24/7 Wall St. issued a bullish view on Oklo, saying the stock could have substantial upside from current levels and arguing that the recent pullback creates an attractive risk/reward setup. Prediction: Oklo Stock Will Surge 75% This Year
• Positive Sentiment: Coverage highlighted Oklo’s proposed $1.68 billion fuel-recycling push in Oak Ridge as a potential growth lever, since it could help secure fuel supply and support the company’s Aurora reactor strategy. Can OKLO’s $1.68B Fuel Recycling Push Turn Into a Growth Lever?
• Positive Sentiment: Separate commentary pointed to AI data centers as a major tailwind for nuclear power demand, reinforcing the bullish narrative for advanced nuclear developers like Oklo. AI Provides Tailwind for the Next Phase of the Nuclear Renaissance
• Neutral Sentiment: Some recent articles focused on the main risks and unanswered questions around Oklo’s business model, signaling that investors are still weighing execution risk alongside the growth opportunity. The Big Question You Need to Ask Yourself Before Buying Oklo Stock
• Neutral Sentiment: Additional market commentary and stock watchlist coverage kept Oklo on investors’ radar, but these items were largely informational rather than direct catalysts. Nuclear Stocks To Add to Your Watchlist – May 17th

Analyst Ratings Changes

Several research firms recently weighed in on OKLO. Texas Capital upgraded shares of Oklo to a “strong-buy” rating in a report on Tuesday, January 27th. Wedbush reiterated an “outperform” rating and issued a $110.00 price target on shares of Oklo in a report on Wednesday, May 13th. Needham & Company LLC cut their price target on shares of Oklo from $135.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. HC Wainwright reiterated a “buy” rating and issued a $90.00 price target on shares of Oklo in a report on Wednesday, March 18th. Finally, Tigress Financial assumed coverage on shares of Oklo in a report on Monday, April 27th. They set a “buy” rating and a $130.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Oklo presently has an average rating of “Moderate Buy” and an average price target of $85.33.

Oklo Trading Up 4.0%

The stock has a market cap of $11.33 billion, a P/E ratio of -77.49 and a beta of 1.16. The stock’s fifty day moving average price is $60.83 and its 200 day moving average price is $77.01.

Oklo (NYSE:OKLO) last announced its earnings results on Tuesday, May 12th. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.01. During the same quarter in the prior year, the firm posted ($0.07) EPS. As a group, sell-side analysts forecast that Oklo Inc. will post -0.77 earnings per share for the current year.

Insider Activity

In other news, insider William Carroll Murphy Goodwin sold 10,548 shares of the firm’s 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 transaction, the insider directly owned 36,175 shares in the company, valued at $2,099,597. This trade represents a 22.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jacob Dewitte sold 140,000 shares of Oklo stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $70.50, for a total value of $9,870,000.00. Following the completion of the transaction, the chief executive officer directly owned 598,039 shares of the company’s stock, valued at approximately $42,161,749.50. This represents a 18.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 819,588 shares of company stock worth $49,774,300. Corporate insiders own 18.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OKLO. Royal Bank of Canada raised its holdings in Oklo by 162.6% in the first quarter. Royal Bank of Canada now owns 92,850 shares of the company’s stock worth $2,009,000 after buying an additional 57,497 shares during the last quarter. AQR Capital Management LLC purchased a new position in Oklo in the first quarter worth about $519,000. Millennium Management LLC raised its holdings in Oklo by 4,974.1% in the first quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock worth $12,589,000 after buying an additional 570,532 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Oklo by 165.6% in the first quarter. NewEdge Advisors LLC now owns 15,672 shares of the company’s stock worth $339,000 after buying an additional 9,772 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Oklo by 90.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 112,772 shares of the company’s stock worth $2,439,000 after buying an additional 53,703 shares during the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.

Oklo Company Profile

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.