Oklo (OKLO): Latest Insider Selling, Bearish Analyst Comments You Should Pay Attention To

We recently published 10 Stocks Wall Street is Watching Heading into October. Oklo Inc (NYSE:OKLO) is one of the stocks Wall Street is watching.

Michael Stuart Klein, a 10% owner and independent director of the company, sold 50,000 shares of the company in two separate transactions on September 22. The total worth of these shares was about $6.7 million. OKLO is up 433% so far this year. The company also saw recent insider selling from CEO Jacob DeWitte and CFO Craig Bealmear, who sold $9.4 million of shares.

Goldman Sachs recently started covering the stock with a Neutral rating and said the company has no revenue and likely will not start earning any until 2028.

While we acknowledge the potential of OKLO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.