Oklo Inc. (NYSE:OKLO) CEO Sells $4,982,596.09 in Stock

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 230,569 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $21.61, for a total value of $4,982,596.09. Following the sale, the chief executive officer now owns 12,543,085 shares of the company’s stock, valued at approximately $271,056,066.85. This trade represents a 1.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Oklo Stock Up 7.2 %

Oklo stock opened at $23.61 on Thursday. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $28.12. The company has a fifty day moving average price of $21.35 and a two-hundred day moving average price of $12.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Portland Investment Counsel Inc. acquired a new stake in Oklo during the third quarter worth about $6,493,000. HITE Hedge Asset Management LLC acquired a new position in Oklo in the third quarter valued at approximately $19,753,000. DRW Securities LLC bought a new position in shares of Oklo during the third quarter valued at approximately $404,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Oklo during the 3rd quarter worth approximately $104,000. Finally, Atom Investors LP bought a new stake in shares of Oklo in the 3rd quarter worth approximately $657,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OKLO has been the subject of a number of recent analyst reports. B. Riley assumed coverage on shares of Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price target for the company. Seaport Res Ptn raised shares of Oklo to a “hold” rating in a report on Friday, September 6th. Citigroup cut their target price on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. Finally, Wedbush began coverage on shares of Oklo in a research report on Thursday, December 19th. They set an “outperform” rating and a $26.00 price target on the stock.

Oklo Company Profile

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.