Insider Selling: Oklo Inc. (NYSE:OKLO) CEO Sells 41,000 Shares of Stock

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 41,000 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $21.80, for a total transaction of $893,800.00. Following the sale, the chief executive officer now directly owns 10,852,926 shares of the company’s stock, valued at approximately $236,593,786.80. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 stock was sold at an average price of $25.15, for a total transaction of $889,429.75.

Oklo Trading Down 3.0 %

Shares of NYSE:OKLO traded down $0.67 on Monday, hitting $21.72. 10,054,414 shares of the company were exchanged, compared to its average volume of 11,696,512. The stock’s 50 day moving average price is $36.01 and its 200 day moving average price is $24.86. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $59.14. The firm has a market capitalization of $3.02 billion, a P/E ratio of -2.14 and a beta of -0.28.

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On Oklo

A number of large investors have recently bought and sold shares of the company. Triton Wealth Management PLLC purchased a new position in Oklo during the 4th quarter worth approximately $559,000. Windmill Hill Asset Management Ltd acquired a new stake in shares of Oklo in the fourth quarter worth $1,476,000. Polar Asset Management Partners Inc. purchased a new position in shares of Oklo during the fourth quarter worth $781,000. Alpine Global Management LLC acquired a new position in Oklo during the fourth quarter valued at $427,000. Finally, Value Aligned Research Advisors LLC purchased a new stake in Oklo in the fourth quarter valued at $1,209,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

About Oklo

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.