Oklo (NYSE:OKLO) CFO Sells $748,221.18 in Stock

Oklo Inc. (NYSE:OKLO) CFO Richard Craig Bealmear sold 9,726 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $76.93, for a total value of $748,221.18. Following the sale, the chief financial officer owned 196,913 shares in the company, valued at $15,148,517.09. This represents a 4.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Richard Craig Bealmear also recently made the following trade(s):

• On Thursday, December 18th, Richard Craig Bealmear sold 5,159 shares of Oklo stock. The shares were sold at an average price of $76.97, for a total value of $397,088.23.
• On Wednesday, December 17th, Richard Craig Bealmear sold 69,841 shares of Oklo stock. The stock was sold at an average price of $78.40, for a total value of $5,475,534.40.

Oklo Price Performance

Oklo stock opened at $71.16 on Friday. The business has a 50 day moving average of $87.32 and a 200-day moving average of $96.66. The company has a market capitalization of $11.12 billion, a P/E ratio of -131.78 and a beta of 0.76. Oklo Inc. has a 1 year low of $17.42 and a 1 year high of $193.84.

Oklo (NYSE:OKLO) last posted its earnings results on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same period last year, the business posted ($0.08) EPS. Equities analysts anticipate that Oklo Inc. will post -8.2 EPS for the current year.

Hedge Funds Weigh In On Oklo

A number of institutional investors and hedge funds have recently modified their holdings of OKLO. Plancorp LLC lifted its position in shares of Oklo by 1.2% during the 3rd quarter. Plancorp LLC now owns 6,089 shares of the company’s stock valued at $680,000 after acquiring an additional 73 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Oklo by 3.7% during the third quarter. Parkside Financial Bank & Trust now owns 2,622 shares of the company’s stock valued at $293,000 after purchasing an additional 94 shares during the period. Prestige Wealth Management Group LLC boosted its position in shares of Oklo by 1.5% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 7,066 shares of the company’s stock worth $789,000 after purchasing an additional 101 shares in the last quarter. Meriwether Wealth & Planning LLC grew its stake in shares of Oklo by 2.7% in the 4th quarter. Meriwether Wealth & Planning LLC now owns 4,545 shares of the company’s stock valued at $326,000 after buying an additional 120 shares during the period. Finally, Rossby Financial LCC increased its position in Oklo by 75.0% in the 3rd quarter. Rossby Financial LCC now owns 350 shares of the company’s stock valued at $41,000 after buying an additional 150 shares in the last quarter. 85.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Bank of America raised Oklo from a “neutral” rating to a “buy” rating and raised their target price for the stock from $111.00 to $127.00 in a research report on Wednesday, January 21st. Zacks Research lowered Oklo from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. William Blair reissued an “outperform” rating on shares of Oklo in a research report on Wednesday, November 12th. Citigroup restated a “neutral” rating on shares of Oklo in a report on Monday, November 24th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Oklo in a research note on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.20.

About Oklo

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.