Oklo (NYSE:OKLO) Shares Down 6.3% on Analyst Downgrade

Oklo Inc. (NYSE:OKLO)’s stock price was down 6.3% on Tuesday after Canaccord Genuity Group lowered their price target on the stock from $100.00 to $66.00. Canaccord Genuity Group currently has a buy rating on the stock. Oklo traded as low as $24.85 and last traded at $25.14. Approximately 11,298,181 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 11,146,452 shares. The stock had previously closed at $26.84.

A number of other brokerages have also weighed in on OKLO. Truist Financial cut their target price on shares of Oklo from $51.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, October 22nd. Piper Sandler lowered their price target on shares of Oklo from $55.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, October 19th. B. Riley Financial dropped their price target on Oklo from $92.00 to $61.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Barclays reduced their price objective on Oklo from $76.00 to $59.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 20th. Finally, UBS Group lowered their target price on Oklo from $55.00 to $41.00 and set a “neutral” rating for the company in a report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.83.

Insider Buying and Selling at Oklo

In other Oklo news, CFO Richard Bealmear sold 16,727 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $25.55, for a total value of $427,374.85. Following the sale, the chief financial officer owned 467,261 shares in the company, valued at approximately $11,938,518.55. The trade was a 3.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jacob DeWitte sold 80,000 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $38.69, for a total value of $3,095,200.00. Following the completion of the sale, the chief executive officer directly owned 398,039 shares of the company’s stock, valued at approximately $15,400,128.91. The trade was a 16.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 350,203 shares of company stock worth $12,424,945 over the last 90 days. Company insiders own 12.70% of the company’s stock.

Oklo News Roundup

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo reported third-quarter sales of $1.86 million and a net loss of $41.75 million; its loss per share was narrower than analysts expected. The company also reported $3.1 billion in liquidity and progress on reactor, fuel and isotope plans. Article: OKLO Q3 Earnings Call Highlights Reactor and Fuel Expansion Plans
• Positive Sentiment: A long-term agreement with U.S. Forged Rings reserves domestic manufacturing capacity for components supporting 27 Aurora reactor modules, with deliveries expected from 2030 through 2035. It could help reduce future supply-chain constraints, though the benefit is years away. Article: Oklo Secures U.S. Forging Capacity for Future Aurora Expansion
• Neutral Sentiment: Analyst views remain mixed: HC Wainwright kept a Buy rating and $90 target but lowered its 2030 earnings estimate, while Canaccord reportedly cut its target to $66 and retained a Buy rating. Article: H.C. Wainwright’s $90 Target Says Oklo’s Selloff Went Too Far
• Negative Sentiment: Oklo remains loss-making, and its planned manufacturing deliveries are not due until 2030. Licensing, project delays, continued cash burn and possible future stock offerings leave substantial uncertainty about when the company can become profitable. Article: Should You Buy Oklo Stock While It’s Under $30?

Hedge Funds Weigh In On Oklo

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in shares of Oklo by 55.3% in the 1st quarter. Bank of America Corp DE now owns 620,281 shares of the company’s stock valued at $30,760,000 after buying an additional 220,976 shares during the period. Bank of New York Mellon Corp grew its stake in Oklo by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 516,886 shares of the company’s stock valued at $25,632,000 after acquiring an additional 5,945 shares during the period. Swiss National Bank increased its holdings in shares of Oklo by 7.1% during the first quarter. Swiss National Bank now owns 324,900 shares of the company’s stock valued at $16,112,000 after acquiring an additional 21,400 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Oklo by 48.5% during the third quarter. Russell Investments Group Ltd. now owns 371,761 shares of the company’s stock valued at $13,763,000 after acquiring an additional 121,438 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Oklo during the third quarter valued at approximately $11,483,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Oklo Stock Down 6.3%

The business has a 50-day moving average price of $33.29 and a two-hundred day moving average price of $52.04. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of -26.19 and a beta of 1.31.

Oklo (NYSE:OKLO) last announced its quarterly earnings results on Friday, November 6th. The company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.05. The business had revenue of $1.86 million for the quarter, compared to the consensus estimate of $1.03 million. During the same quarter last year, the firm posted ($0.20) EPS. On average, sell-side analysts anticipate that Oklo Inc. will post -1.00 EPS for the current fiscal year.

Oklo Company Profile

Oklo Inc. develops advanced nuclear fission power plants designed to provide reliable, carbon-free electricity. Its Aurora powerhouse concept uses fast-reactor technology and is designed to operate with metallic fuel, including fuel derived from recycled nuclear material. Oklo is developing its technology and has not yet established a commercial operating fleet. The company plans to supply electricity through long-term power agreements rather than relying solely on equipment sales. Its prospective customers include data centers, industrial facilities, and other users seeking dependable power, with its development efforts focused primarily on the United States.