Insider Selling: Oklo (NYSE:OKLO) CEO Sells 139,999 Shares of Stock

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 139,999 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $63.59, for a total value of $8,902,536.41. Following the completion of the sale, the chief executive officer directly owned 679,024 shares of the company’s stock, valued at approximately $43,179,136.16. This trade represents a 17.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, March 2nd, Jacob Dewitte sold 60,001 shares of Oklo stock. The stock was sold at an average price of $62.60, for a total value of $3,756,062.60.
• On Monday, February 2nd, Jacob Dewitte sold 140,000 shares of Oklo stock. The shares were sold at an average price of $75.18, for a total value of $10,525,200.00.
• On Monday, February 2nd, Jacob Dewitte sold 60,000 shares of Oklo stock. The shares were sold at an average price of $74.45, for a total transaction of $4,467,000.00.
• On Friday, January 9th, Jacob Dewitte sold 64,888 shares of Oklo stock. The stock was sold at an average price of $112.03, for a total transaction of $7,269,402.64.
• On Friday, January 9th, Jacob Dewitte sold 26,740 shares of Oklo stock. The shares were sold at an average price of $111.38, for a total value of $2,978,301.20.
• On Thursday, January 8th, Jacob Dewitte sold 3,455 shares of Oklo stock. The stock was sold at an average price of $100.01, for a total value of $345,534.55.
• On Thursday, January 8th, Jacob Dewitte sold 1,255 shares of Oklo stock. The shares were sold at an average price of $100.00, for a total value of $125,500.00.
• On Wednesday, January 7th, Jacob Dewitte sold 231,657 shares of Oklo stock. The stock was sold at an average price of $99.25, for a total value of $22,991,957.25.
• On Wednesday, January 7th, Jacob Dewitte sold 92,005 shares of Oklo stock. The stock was sold at an average price of $98.03, for a total value of $9,019,250.15.
• On Monday, January 5th, Jacob Dewitte sold 200,000 shares of Oklo stock. The shares were sold at an average price of $90.29, for a total transaction of $18,058,000.00.

Oklo Stock Performance

Oklo stock traded up $2.33 during trading hours on Wednesday, reaching $65.63. 6,142,923 shares of the stock were exchanged, compared to its average volume of 11,162,957. Oklo Inc. has a 52-week low of $17.42 and a 52-week high of $193.84. The stock has a market cap of $10.25 billion, a P/E ratio of -121.54 and a beta of 0.80. The firm’s 50 day moving average is $78.68 and its 200 day moving average is $95.97.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Fourth Dimension Wealth LLC grew its stake in Oklo by 125.0% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock valued at $25,000 after acquiring an additional 250 shares during the last quarter. NBC Securities Inc. lifted its holdings in shares of Oklo by 75.0% in the fourth quarter. NBC Securities Inc. now owns 350 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Oklo by 356.3% in the fourth quarter. GAMMA Investing LLC now owns 365 shares of the company’s stock valued at $26,000 after purchasing an additional 285 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new stake in shares of Oklo in the third quarter valued at approximately $27,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of Oklo during the 2nd quarter worth approximately $28,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on OKLO shares. Zacks Research lowered Oklo from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. UBS Group reaffirmed a “neutral” rating on shares of Oklo in a report on Monday, January 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Oklo in a report on Thursday, January 22nd. Bank of America raised shares of Oklo from a “neutral” rating to a “buy” rating and upped their price target for the stock from $111.00 to $127.00 in a research note on Wednesday, January 21st. Finally, B. Riley Financial raised their price objective on shares of Oklo from $58.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Oklo presently has an average rating of “Moderate Buy” and a consensus price target of $98.93.

Oklo Company Profile

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.