Oklo (NYSE:OKLO) Stock Price Up 11.3% – Here’s What Happened

Oklo Inc. (NYSE:OKLO)’s stock price rose 11.3% during mid-day trading on Thursday . The company traded as high as $40.65 and last traded at $39.6440. Approximately 17,116,845 shares were traded during mid-day trading, an increase of 51% from the average daily volume of 11,326,558 shares. The stock had previously closed at $35.62.

Oklo News Roundup

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: The U.S. House passed the Ratepayers Protection Act, which would shift more data-center power and grid-upgrade costs from consumers to large technology and data-center operators. Investors viewed the measure as supportive of dedicated nuclear power suppliers such as Oklo, potentially improving the commercial case for its Aurora reactors. The bill still faces additional legislative steps before becoming law. House Data Center Power Bill Lifts Nuclear Stocks
• Positive Sentiment: Oklo said it plans to deploy its first Aurora microreactors by 2028. The timeline gives investors a clearer milestone for commercializing the company’s advanced nuclear technology and positions Oklo to benefit from rising demand for reliable power from data centers and artificial-intelligence companies. Oklo plans to deploy first Aurora microreactors by 2028
• Positive Sentiment: Investor attention is also focused on the possibility that a major Anthropic initial public offering and continued AI infrastructure spending could drive additional electricity demand, benefiting future power providers such as Oklo. The Anthropic IPO Could Be Bigger Than SpaceX
• Neutral Sentiment: After leading a broad nuclear-stock rally, Oklo and peers including NuScale Power and Centrus Energy gave back part of those gains as traders took profits. The move appears sector-wide rather than tied to a new deterioration in Oklo’s operations. Nuclear Stocks Hand Back the Vote Rally
• Negative Sentiment: An Oklo director sold approximately $233,000 worth of stock. Although a single insider transaction does not establish a trend, it can weigh on sentiment in a highly valued, loss-making company. Insider Selling: Oklo Director Sells Stock

Analyst Ratings Changes

OKLO has been the topic of a number of analyst reports. Barclays reduced their price target on Oklo from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Guggenheim initiated coverage on Oklo in a research report on Thursday, June 25th. They set a “neutral” rating for the company. Bank of America began coverage on shares of Oklo in a research note on Friday, May 22nd. They set a “buy” rating and a $80.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Oklo in a report on Friday, August 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $110.00 price target on shares of Oklo in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.26.

Oklo Price Performance

The company has a market capitalization of $7.07 billion, a price-to-earnings ratio of -40.45 and a beta of 1.18. The stock has a 50 day simple moving average of $41.77 and a two-hundred day simple moving average of $53.61.

Oklo (NYSE:OKLO) last announced its quarterly earnings results on Friday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.12). The business had revenue of $1.21 million during the quarter, compared to the consensus estimate of $0.09 million. During the same period last year, the business earned ($0.18) earnings per share. Oklo’s revenue was up 11900.0% compared to the same quarter last year. Equities research analysts predict that Oklo Inc. will post -0.96 EPS for the current year.

Insider Activity

In related news, CFO Richard Bealmear sold 16,430 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $38.76, for a total value of $636,826.80. Following the completion of the transaction, the chief financial officer directly owned 455,976 shares of the company’s stock, valued at $17,673,629.76. This represents a 3.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Vivek Narayanadas sold 3,264 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $39.77, for a total transaction of $129,809.28. Following the completion of the transaction, the general counsel owned 7,822 shares in the company, valued at $311,080.94. This represents a 29.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders have sold 362,030 shares of company stock valued at $16,851,123 over the last 90 days. Insiders own 12.70% of the company’s stock.

Hedge Funds Weigh In On Oklo

Several large investors have recently bought and sold shares of the stock. MCF Advisors LLC lifted its holdings in shares of Oklo by 201.0% in the 2nd quarter. MCF Advisors LLC now owns 1,559 shares of the company’s stock valued at $82,000 after purchasing an additional 1,041 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in Oklo by 74.2% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 12,731 shares of the company’s stock worth $666,000 after buying an additional 5,423 shares during the last quarter. NewEdge Advisors LLC grew its stake in Oklo by 15.2% during the 2nd quarter. NewEdge Advisors LLC now owns 41,362 shares of the company’s stock worth $2,164,000 after buying an additional 5,468 shares during the last quarter. IFP Advisors Inc increased its position in Oklo by 6.6% during the second quarter. IFP Advisors Inc now owns 7,143 shares of the company’s stock worth $374,000 after buying an additional 441 shares during the period. Finally, Allworth Financial LP increased its position in Oklo by 21.1% during the second quarter. Allworth Financial LP now owns 3,815 shares of the company’s stock worth $200,000 after buying an additional 666 shares during the period. Institutional investors and hedge funds own 85.03% of the company’s stock.

About Oklo

Oklo Inc is an advanced nuclear technology company focused on developing and commercializing small-scale fission power plants. The company’s flagship product, the Aurora powerhouse, is designed to provide reliable, long-term electricity and heat using advanced nuclear reactor technology. Oklo is targeting applications such as industrial operations, data centers, defense facilities and other customers that require dependable, low-carbon energy.

Oklo is also developing fuel-recycling capabilities intended to use certain forms of nuclear fuel more efficiently and reduce the volume of nuclear waste requiring disposal.