Oklo (NYSE:OKLO) CEO Sells $18,058,000.00 in Stock

Oklo Inc. (NYSE:OKLOGet Free Report) CEO Jacob Dewitte sold 200,000 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $90.29, for a total value of $18,058,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,480,000 shares in the company, valued at approximately $133,629,200. This represents a 11.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jacob Dewitte also recently made the following trade(s):

  • On Monday, December 22nd, Jacob Dewitte sold 840,000 shares of Oklo stock. The shares were sold at an average price of $82.32, for a total value of $69,148,800.00.

Oklo Trading Up 6.5%

Shares of OKLO traded up $5.84 during midday trading on Tuesday, reaching $95.18. The stock had a trading volume of 20,060,459 shares, compared to its average volume of 16,671,131. The company has a market capitalization of $14.87 billion, a price-to-earnings ratio of -176.25 and a beta of 0.76. The company’s 50-day moving average is $96.42 and its 200 day moving average is $92.09. Oklo Inc. has a 12-month low of $17.42 and a 12-month high of $193.84.

Oklo (NYSE:OKLOGet Free Report) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same quarter in the prior year, the firm earned ($0.08) earnings per share. Research analysts forecast that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Key Oklo News

Here are the key news stories impacting Oklo this week:

Wall Street Analyst Weigh In

Several equities analysts recently commented on OKLO shares. Bank of America reduced their target price on shares of Oklo from $117.00 to $111.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. UBS Group raised their price objective on Oklo from $65.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. The Goldman Sachs Group started coverage on Oklo in a research note on Thursday, September 25th. They issued a “neutral” rating and a $117.00 target price for the company. Zacks Research upgraded Oklo from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oklo in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Oklo has a consensus rating of “Hold” and a consensus target price of $102.87.

Read Our Latest Analysis on OKLO

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Caldwell Sutter Capital Inc. purchased a new stake in Oklo in the 2nd quarter worth approximately $25,000. Private Trust Co. NA bought a new position in shares of Oklo during the second quarter valued at approximately $25,000. Fourth Dimension Wealth LLC raised its holdings in shares of Oklo by 125.0% during the second quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock valued at $25,000 after acquiring an additional 250 shares in the last quarter. GAMMA Investing LLC lifted its stake in Oklo by 356.3% in the fourth quarter. GAMMA Investing LLC now owns 365 shares of the company’s stock worth $26,000 after acquiring an additional 285 shares during the period. Finally, Armstrong Advisory Group Inc. bought a new stake in Oklo in the third quarter valued at $27,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

About Oklo

(Get Free Report)

Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.

The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.

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Insider Buying and Selling by Quarter for Oklo (NYSE:OKLO)

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