Oklo (NYSE:OKLO) Stock: Insider Alexandra Renner Sells 1,068 Shares

Oklo Inc. (NYSE:OKLO) insider Alexandra Renner sold 1,068 shares of the stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $26.71, for a total value of $28,526.28. Following the completion of the sale, the insider directly owned 593,750 shares of the company’s stock, valued at approximately $15,859,062.50. The trade was a 0.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Alexandra Renner also recently made the following trade(s):

• On Wednesday, October 14th, Alexandra Renner sold 688 shares of Oklo stock. The stock was sold at an average price of $30.75, for a total transaction of $21,156.00.
• On Monday, September 28th, Alexandra Renner sold 1,100 shares of Oklo stock. The stock was sold at an average price of $37.39, for a total transaction of $41,129.00.
• On Tuesday, September 1st, Alexandra Renner sold 1,930 shares of Oklo stock. The shares were sold at an average price of $38.40, for a total transaction of $74,112.00.
• On Monday, August 24th, Alexandra Renner sold 557 shares of Oklo stock. The shares were sold at an average price of $39.77, for a total transaction of $22,151.89.

Oklo Trading Down 7.0%

NYSE:OKLO traded down $1.76 on Monday, hitting $23.49. The company’s stock had a trading volume of 8,530,582 shares, compared to its average volume of 11,002,499. The firm has a market capitalization of $4.37 billion, a P/E ratio of -24.99 and a beta of 1.31. Oklo Inc. has a one year low of $23.44 and a one year high of $132.11. The stock has a fifty day moving average of $35.53 and a two-hundred day moving average of $54.14.

Oklo (NYSE:OKLO) last released its quarterly earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The business had revenue of $1.21 million for the quarter, compared to analysts’ expectations of $0.09 million. During the same quarter in the prior year, the company posted ($0.18) earnings per share. The firm’s revenue for the quarter was up 11900.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Oklo Inc. will post -1.01 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OKLO. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Oklo during the 3rd quarter worth approximately $11,483,000. Pilgrim Partners Asia Pte Ltd increased its stake in Oklo by 66.0% in the third quarter. Pilgrim Partners Asia Pte Ltd now owns 1,660 shares of the company’s stock valued at $61,000 after acquiring an additional 660 shares during the last quarter. International Assets Investment Management LLC raised its position in Oklo by 159.5% during the third quarter. International Assets Investment Management LLC now owns 30,000 shares of the company’s stock valued at $1,111,000 after purchasing an additional 18,438 shares in the last quarter. Choreo LLC raised its position in Oklo by 4.1% during the third quarter. Choreo LLC now owns 10,478 shares of the company’s stock valued at $388,000 after purchasing an additional 412 shares in the last quarter. Finally, BOKF NA lifted its stake in Oklo by 172.7% during the third quarter. BOKF NA now owns 30,000 shares of the company’s stock worth $1,111,000 after purchasing an additional 19,000 shares during the last quarter. Institutional investors own 85.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on OKLO shares. Piper Sandler dropped their target price on Oklo from $55.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, October 19th. TD Cowen initiated coverage on shares of Oklo in a research note on Monday, October 26th. They issued a “hold” rating and a $26.00 price target on the stock. HC Wainwright reaffirmed a “buy” rating and set a $90.00 price target on shares of Oklo in a research report on Monday, August 10th. Canaccord Genuity Group dropped their price objective on shares of Oklo from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Finally, Barclays cut their price objective on shares of Oklo from $76.00 to $59.00 and set an “overweight” rating for the company in a report on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.83.

About Oklo

Oklo Inc is an advanced nuclear technology company developing compact fission power plants designed to provide reliable, carbon-free electricity. Its flagship product, the Aurora powerhouse, is a small modular reactor intended to operate with a high degree of fuel efficiency and to supply power directly to customers such as utilities, industrial facilities, data centers and other energy-intensive operations.

The company is also developing fuel-recycling capabilities intended to convert used nuclear fuel and other material into fuel for advanced reactors.