Key insights
- Oklo CEO Jacob DeWitte and spouse sold $14M of OKLO stock under a pre-arranged 10b5-1 plan. The sales occurred as the stock trades significantly below its 52-week high and InvestingPro suggests it's overvalued. While the company has a collaboration with NVIDIA, the insider selling ahead of earnings on May 12 could create negative sentiment.
Jacob DeWitte, Co-Founder and Chief Executive Officer of Oklo Inc. (NASDAQ:OKLO), disposed of Class A Common Stock worth approximately $14,046,389 on May 1, 2026. A total of 200,000 shares were sold at weighted average prices ranging from $69.06 to $70.95. These transactions were executed as part of a Rule 10b5-1 trading plan, which was adopted on March 31, 2025.The insider sales come as OKLO stock trades at $68.60, down significantly from its 52-week high of $193.84. According to InvestingPro analysis, the stock appears overvalued at current levels. The company’s shares have declined 38.88% over the past six months, though they’ve still delivered a 161% return over the past year.
Mr. DeWitte’s direct sales included 16,907 shares at a weighted average price of $69.06, with individual sales occurring between $68.50 and $69.50. He also directly sold 43,093 shares at a weighted average price of $69.83, with prices for these transactions ranging from $69.51 to $70.05.
Indirect sales were also reported. An aggregate of 22,063 shares were sold through a Jacob DeWitte GRAT at a weighted average price of $70.42, with prices ranging from $70.34 to $70.51. Another 17,937 shares were sold via a Jacob DeWitte GRAT at a weighted average price of $70.61, with individual sales between $70.52 and $70.68.
Additionally, transactions involving Mr. DeWitte’s spouse, Caroline Cochran, were included in the filing. This comprised the sale of 60,000 shares held by Caroline Cochran at a weighted average price of $70.19, with prices ranging from $70.05 to $70.34. Furthermore, 40,000 shares were sold through a Caroline Cochran GRAT at a weighted average price of $70.95, with individual sales occurring between $70.68 and $71.38. The company is scheduled to report earnings on May 12, just eight days away.
In other recent news, Oklo Inc. announced a significant collaboration with NVIDIA and Los Alamos National Laboratory to advance nuclear fuel validation and develop critical nuclear infrastructure. This partnership aims to support the federal government’s Genesis Mission by integrating Oklo’s advanced sodium-fast-reactor platform with NVIDIA’s AI infrastructure and Los Alamos’ expertise in materials science and nuclear fuels. Additionally, Oklo’s stock saw a 9% increase following the announcement of this collaboration. In terms of analyst activity, Tigress Financial Partners initiated coverage on Oklo with a buy rating and set a price target of $130.00, highlighting the company’s unique reactor and fuel cycle technologies. HSBC also started coverage on Oklo with a buy rating, setting a price target of $96.00, citing the company’s accelerated timeline for small modular reactor development. Meanwhile, NuScale Power is experiencing increased attention due to geopolitical tensions and a renewed focus on nuclear energy as part of the clean energy transition. These developments underscore the growing interest and investment in nuclear technology as a viable clean energy solution.
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