OpenAI to produce its own AI chip with Broadcom from 2026- FT
John M. Jansen, a director at Oklo Inc. (NASDAQ:OKLO), recently purchased 6,000 shares of the company’s Class A common stock. The transaction, which took place on March 27, 2025, was executed at an average price of $24.57 per share, amounting to a total purchase value of $147,411. The purchase price represents a premium to the current trading price of $21.63, following a significant 25% decline in the stock’s value over the past week. According to InvestingPro analysis, the stock’s RSI indicates oversold conditions. Following this acquisition, Jansen holds 6,000 shares directly. This move reflects Jansen’s continued investment in the company, which is based in Santa Clara, California. The $3.1 billion market cap company has shown remarkable momentum, with a 151% gain over the past six months. InvestingPro offers 13 additional investment tips and a comprehensive analysis of Oklo’s financial health and valuation metrics in its Pro Research Report, available exclusively to subscribers.
In other recent news, Oklo Inc reported its fourth quarter 2024 earnings, revealing a slight miss in expected earnings per share (EPS), with an actual EPS of -0.07 compared to the forecast of -0.0665. The company’s full-year operating loss was $52.8 million, with an adjusted operating loss at the lower end of its forecasted range. Oklo has expanded its Powerhouse reactor design to 75 megawatts and completed the acquisition of Atomic Alchemy, entering the radioisotope market. Citi analyst Vikram Bagri adjusted the price target for Oklo shares to $30.00, a slight decrease from the previous $31.00, while maintaining a Neutral rating on the stock. Bagri noted a "Modestly Negative" outlook, citing Oklo’s introduction of a new 75MW reactor design and the need for higher initial capital expenditures. Herb Greenberg, a financial analyst, added Oklo to the Red Flag Focus List, expressing skepticism about the company’s valuation and future prospects due to the absence of revenue, cash flow, and earnings. The company’s project pipeline remains stable at 14.1GW, following a 12GW agreement with Switch (NYSE:SWCH). Oklo is preparing for a pre-application readiness assessment with the Nuclear Regulatory Commission, with the formal application anticipated to be submitted in the fourth quarter of 2025.
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