Alexandra Renner Sells 1,930 Shares of Oklo (NYSE:OKLO) Stock

Oklo Inc. (NYSE:OKLO) insider Alexandra Renner sold 1,930 shares of Oklo stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $38.40, for a total transaction of $74,112.00. Following the sale, the insider owned 475,022 shares of the company’s stock, valued at $18,240,844.80. The trade was a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Alexandra Renner also recently made the following trade(s):

• On Monday, August 24th, Alexandra Renner sold 557 shares of Oklo stock. The stock was sold at an average price of $39.77, for a total value of $22,151.89.

Oklo Stock Performance

Shares of OKLO opened at $41.24 on Friday. The stock has a 50-day moving average of $44.16 and a two-hundred day moving average of $55.50. Oklo Inc. has a one year low of $36.61 and a one year high of $193.84. The stock has a market cap of $7.67 billion, a P/E ratio of -43.87 and a beta of 1.18.

Oklo (NYSE:OKLO) last announced its quarterly earnings data on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.12). The firm 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 company earned ($0.18) earnings per share. The business’s revenue for the quarter was up 11900.0% on a year-over-year basis. Analysts predict that Oklo Inc. will post -0.9 EPS for the current fiscal year.

Key Stories Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: A comparison of small modular reactor stocks favors Oklo over NuScale Power because Oklo could capture a larger future revenue opportunity as data centers drive demand for reliable electricity. The bullish case depends on successful project execution and regulatory progress. Better Small Modular Reactor Stock to Buy After the Sell-Off: Oklo vs. NuScale Power
• Positive Sentiment: Analysis that Oklo’s “AI power” opportunity is becoming more tangible reinforces the long-term growth thesis that advanced nuclear reactors could help meet rapidly rising data-center electricity demand. Oklo: The AI Power Trade Is Getting More Tangible
• Neutral Sentiment: Investor comparisons between Oklo and NuScale emphasize that the better investment may depend on how quickly AI companies adopt nuclear power. This highlights substantial potential but also significant uncertainty around customer demand, commercialization timelines and regulation. Nuclear Stock Face-Off: Is NuScale Power or Oklo the Better Buy Right Now?
• Neutral Sentiment: Holtec Nuclear’s planned IPO could bring additional capital and attention to the nuclear and SMR industries. However, its existing revenue base may provide investors with a more established alternative to Oklo. Holtec Nuclear IPO: A New Bet on the Nuclear Power Sector
• Negative Sentiment: Chief People Officer Alexandra Renner sold 1,930 shares worth about $74,000 to cover tax withholding after equity awards vested. The transaction reduced her holdings by only 0.4%, making it a limited bearish signal. Oklo insider sale
• Negative Sentiment: CFO Richard Bealmear sold 16,430 shares valued at approximately $637,000 under a pre-arranged Rule 10b5-1 trading plan. Planned selling reduces its signaling value, but adds to near-term investor caution. Oklo insider trading report
• Negative Sentiment: OKLO has been identified as one of the utilities sector’s most heavily shorted stocks, signaling substantial bearish positioning and the possibility of continued volatility. OKLO short interest

Analyst Upgrades and Downgrades

OKLO has been the topic of a number of research reports. Wolfe Research started coverage on shares of Oklo in a research note on Tuesday, May 19th. They issued a “peer perform” rating on the stock. Truist Financial decreased their target price on shares of Oklo from $55.00 to $51.00 and set a “hold” rating for the company in a research report on Monday, August 10th. Wedbush reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Oklo in a report on Tuesday, May 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Oklo in a research report on Friday, August 7th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $122.00 price objective on shares of Oklo in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $85.03.

Hedge Funds Weigh In On Oklo

Large investors have recently made changes to their positions in the company. California State Teachers Retirement System raised its holdings in Oklo by 6,518.7% in the 2nd quarter. California State Teachers Retirement System now owns 8,682,908 shares of the company’s stock worth $454,377,000 after purchasing an additional 8,551,720 shares during the period. State Street Corp grew its holdings in 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 during the period. Norges Bank acquired a new stake in Oklo in the fourth quarter valued at approximately $73,786,000. Millennium Management LLC increased its position in shares of Oklo by 4,974.1% in the first quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after buying an additional 570,532 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Oklo by 13.9% during the 4th quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock worth $283,902,000 after buying an additional 481,288 shares during the period. 85.03% of the stock is currently owned by institutional investors and hedge funds.

About Oklo

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.