Oklo (NYSE:OKLO) CFO Richard Craig Bealmear Sells 16,727 Shares of Company Stock

Oklo Inc. (NYSE:OKLO) CFO Richard Bealmear sold 16,727 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $25.55, for a total value of $427,374.85. Following the transaction, the chief financial officer owned 467,261 shares of the company’s stock, valued at approximately $11,938,518.55. This represents a 3.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Richard Craig Bealmear also recently made the following trade(s):

• On Tuesday, September 1st, Richard Bealmear sold 16,430 shares of Oklo stock. The stock was sold at an average price of $38.76, for a total value of $636,826.80.

Oklo Price Performance

NYSE:OKLO traded down $1.45 during trading hours on Wednesday, hitting $22.04. The company had a trading volume of 12,652,039 shares, compared to its average volume of 11,010,423. The company has a market capitalization of $4.10 billion, a PE ratio of -23.45 and a beta of 1.31. The stock has a 50-day moving average price of $34.83 and a 200 day moving average price of $53.41. Oklo Inc. has a 52 week low of $21.65 and a 52 week high of $123.44.

Oklo (NYSE:OKLO) last announced its earnings results 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 for the quarter, compared to analysts’ expectations of $0.09 million. The company’s quarterly revenue was up 11900.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.18) earnings per share. Analysts anticipate that Oklo Inc. will post -1.01 EPS for the current fiscal year.

More Oklo News

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Wedbush initiated coverage with an Outperform rating and a $36 target, implying potential upside from recent levels. However, its target was also reported as a steep cut from $110, reflecting a more cautious valuation. Wedbush target article
• Positive Sentiment: Oklo has achieved low-power criticality at its Groves site and has substantial cash to fund development. Progress toward its Aurora reactor, manufacturing capacity and fuel initiatives could strengthen the longer-term outlook, although commercialization remains ahead. Fool article on Oklo’s reactor plans
• Neutral Sentiment: Two insiders sold small amounts of stock to cover tax withholding on vested equity awards, while retaining substantial holdings. The stated reason and modest size make the sales less concerning than discretionary insider selling. Insider trade details
• Negative Sentiment: Oklo is among the most heavily shorted utility stocks in its market-cap group, potentially amplifying volatility and reflecting significant investor skepticism. Short-interest report
• Negative Sentiment: Recent coverage highlights rising development costs, a history of earnings misses and a long wait before the business can scale reactor operations and revenue. The stock has fallen sharply over the past week and reached a new 52-week low, intensifying concerns about its high valuation and execution risks ahead of Q3 results. TIKR share-performance analysis Zacks analyst outlook

Institutional Investors Weigh In On Oklo

Several hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new stake in Oklo during the 2nd quarter valued at $24,532,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Oklo in the 3rd quarter worth approximately $11,483,000. Bank of America Corp DE grew its position in Oklo by 55.3% during the 1st quarter. Bank of America Corp DE now owns 620,281 shares of the company’s stock worth $30,760,000 after purchasing an additional 220,976 shares during the last quarter. Hsbc Holdings PLC grew its position in Oklo by 1,184.4% during the 4th quarter. Hsbc Holdings PLC now owns 112,372 shares of the company’s stock worth $8,063,000 after purchasing an additional 103,623 shares during the last quarter. Finally, Amundi increased its stake in Oklo by 59.0% during the 1st quarter. Amundi now owns 164,824 shares of the company’s stock valued at $8,174,000 after purchasing an additional 61,161 shares in the last quarter. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OKLO. Piper Sandler cut their price target on Oklo from $55.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Oklo in a research note on Friday, August 7th. HC Wainwright reiterated a “buy” rating and issued a $90.00 price target on shares of Oklo in a report on Monday, August 10th. Truist Financial dropped their price objective on shares of Oklo from $51.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, October 22nd. Finally, TD Cowen started coverage on shares of Oklo in a report on Monday, October 26th. They issued a “hold” rating and a $26.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Oklo presently has an average rating of “Moderate Buy” and an average price target of $69.72.

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.