Oklo Stock Tumbles 18.3% Amid Goldman’s Neutral Rating and Insider Selling

Shares of Oklo plummeted 18.3% this week, significantly underperforming broader market indices. The decline followed a cautious initiation note from Goldman Sachs, which assigned a neutral rating and a $117 price target—initially representing a downside but now an upside after the steep drop.

Goldman analysts flagged concerns over Oklo's unproven technology and rich valuation, stating the stock had outpaced fundamentals. The bearish sentiment coincided with insider selling exceeding $12 million by the CEO and CFO, further eroding investor confidence.

Despite the sell-off, Oklo's $16 billion market cap remains contentious for a pre-revenue nuclear reactor developer. The episode highlights the volatility in speculative energy tech plays as Wall Street scrutinizes execution risks.