Jacob Dewitte Sells 41,000 Shares of Oklo Inc. (NYSE:OKLO) Stock

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 41,000 shares of the business’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $21.80, for a total transaction of $893,800.00. Following the transaction, the chief executive officer now directly owns 10,852,926 shares in the company, valued at approximately $236,593,786.80. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Thursday, March 27th, Jacob Dewitte sold 35,365 shares of Oklo stock. The shares were sold at an average price of $25.15, for a total transaction of $889,429.75.

Oklo Stock Down 3.0 %

Shares of OKLO opened at $21.72 on Tuesday. The stock has a market cap of $3.02 billion, a P/E ratio of -2.14 and a beta of -0.28. The business’s 50 day moving average price is $36.01 and its 200-day moving average price is $24.86. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $59.14.

Oklo (NYSE:OKLO) last released its earnings results on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). On average, equities analysts anticipate that Oklo Inc. will post -8.2 EPS for the current year.

Analyst Upgrades and Downgrades

OKLO has been the topic of several research reports. Wedbush reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Oklo in a research report on Tuesday, March 25th. Craig Hallum assumed coverage on Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price target on the stock. Citigroup reduced their price target on Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 25th. Finally, B. Riley raised their price objective on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Oklo has a consensus rating of “Moderate Buy” and an average price target of $44.25.

Institutional Trading of Oklo

Institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Oklo in the third quarter worth about $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Oklo in the 3rd quarter worth approximately $104,000. Atom Investors LP bought a new position in Oklo in the 3rd quarter valued at approximately $657,000. HITE Hedge Asset Management LLC purchased a new stake in Oklo during the 3rd quarter valued at $19,753,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Oklo in the 3rd quarter worth $1,023,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

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.