Core Viewpoint - Oklo Inc. (NYSE:OKLO) has experienced a significant decline in its stock price, attributed to insider selling and cautious coverage from Goldman Sachs, which has issued a "neutral" rating on the stock [1][2][3]. Group 1: Stock Performance - Oklo's shares fell by 9.18% to close at $119.13, marking a second consecutive day of losses [1]. - The stock has been described as catalyst-driven over the past year, but Goldman Sachs emphasizes the need for finalized customer agreements to support future growth [3]. Group 2: Analyst Insights - Goldman Sachs has advised investors to approach Oklo with caution, indicating that the company's valuation appears full and its business strategy requires de-risking [2]. - The firm acknowledges potential for continued near-term catalysts but stresses the importance of securing customer agreements [3]. Group 3: Company Status - Oklo remains a pre-revenue company and has not yet secured a license to build its first power plant, the 75-megawatt Aurora Powerhouse, which is expected to be operational by late 2027 or early 2028 [4]. - Key executives have sold significant portions of their stakes, with CEO Jacob DeWitte selling $3 million, Director Michael Klein selling $6.7 million, and CFO unloading $9.4 million worth of shares [4][5].
Oklo (OKLO) Tumbles 9% as Goldman Cautions Investors, Exec Unloads Stake