Oklo Inc. (NYSE:OKLO) CEO Sells $889,429.75 in Stock

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 35,365 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $25.15, for a total value of $889,429.75. Following the completion of the sale, the chief executive officer now owns 11,033,561 shares of the company’s stock, valued at $277,494,059.15. The trade was a 0.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, March 31st, Jacob Dewitte sold 41,000 shares of Oklo stock. The stock was sold at an average price of $21.80, for a total value of $893,800.00.

Oklo Price Performance

Shares of OKLO opened at $22.73 on Thursday. The business’s 50 day simple moving average is $35.61 and its 200-day simple moving average is $24.96. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $59.14. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of -2.24 and a beta of -0.28.

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on OKLO. Craig Hallum assumed coverage on Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price target on the stock. B. Riley boosted their target price on shares of Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Citigroup cut their target price on shares of Oklo from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. Finally, Wedbush reiterated an “outperform” rating and issued a $45.00 price target on shares of Oklo in a research note on Tuesday, March 25th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Oklo presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.25.

Institutional Investors Weigh In On Oklo

Several hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Oklo by 1.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company’s stock worth $104,646,000 after acquiring an additional 74,315 shares during the period. Vanguard Group Inc. lifted its position in shares of Oklo by 92.8% in the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company’s stock worth $92,216,000 after purchasing an additional 2,090,154 shares during the period. HITE Hedge Asset Management LLC bought a new position in shares of Oklo during the third quarter valued at approximately $19,753,000. Van ECK Associates Corp purchased a new position in Oklo during the fourth quarter valued at approximately $38,661,000. Finally, Atomi Financial Group Inc. bought a new position in Oklo in the fourth quarter worth approximately $19,285,000. Hedge funds and other institutional investors own 85.03% of the company’s 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.