Citi analyst Vikram Bagri has maintained their neutral stance on OKLO stock, giving a Hold rating on April 11.
Vikram Bagri has given his Hold rating due to a combination of factors surrounding recent developments at Oklo Inc. The unexpected resignation of Sam Altman as Chairman of the Board has raised concerns among investors, particularly given the potential conflict of interest related to Oklo’s strategic discussions with OpenAI. The timing of Altman’s departure, which coincides with insider sales, has also contributed to market apprehension.
Despite these uncertainties, there are potential opportunities on the horizon for Oklo, such as the possibility of a power supply agreement with OpenAI. However, the company’s future direction, including board nominations and the separation of the CEO and Chairman roles, remains unclear. These factors suggest a cautious approach, leading to the Hold rating as investors await further clarity on Oklo’s strategic moves and partnerships.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OKLO in relation to earlier this year.