Oklo Inc. Shares Slide Amid Insider Selling and Goldman Sachs Caution

Oklo Inc. (NYSE: OKLO) shares tumbled 7.22% to close at $110.53, extending losses in after-hours trading. The stock has declined 18.3% this week following a neutral rating initiation by Goldman Sachs, which cited stretched valuations and unproven technology risks.

CEO Jacob DeWitte and other insiders sold over $19 million worth of shares, compounding investor concerns. Despite being pre-revenue with its first power plant projected for 2027-28, Oklo's stock remains up 420% year-to-date – a testament to speculative fervor around nuclear energy plays.

Goldman's $117 price target reflects skepticism about unfinalized customer agreements and execution risks. The selloff marks a sharp reversal for what had been one of 2024's hottest momentum stocks, now facing reality checks after its 1,100% annual gain.