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

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 41,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $236,593,786.80. This represents a 0.38 % 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 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 opened at $21.72 on Tuesday. The stock has a market capitalization of $3.02 billion, a P/E ratio of -2.14 and a beta of -0.28. 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 12-month low of $5.35 and a 12-month high of $59.14.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Triton Wealth Management PLLC purchased a new stake in Oklo during the 4th quarter valued at $559,000. Windmill Hill Asset Management Ltd bought a new position in shares of Oklo during the fourth quarter valued at about $1,476,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Oklo during the fourth quarter worth about $781,000. Alpine Global Management LLC bought a new stake in shares of Oklo in the fourth quarter worth about $427,000. Finally, Value Aligned Research Advisors LLC purchased a new position in Oklo during the 4th quarter valued at about $1,209,000. 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.