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 stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the transaction, the chief executive officer now directly owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. This represents a 1.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Oklo Price Performance

NYSE:OKLO opened at $23.61 on Thursday. The business’s 50-day moving average is $21.35 and its two-hundred day moving average is $12.80. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $28.12.

Institutional Investors Weigh In On Oklo

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on OKLO shares. B. Riley assumed coverage on Oklo in a report on Thursday, September 19th. They set a “buy” rating and a $10.00 price objective for the company. Wedbush assumed coverage on Oklo in a research note on Thursday, December 19th. They set an “outperform” rating and a $26.00 price target for the company. Citigroup reduced their price objective on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. Finally, Seaport Res Ptn raised shares of Oklo to a “hold” rating in a research report on Friday, September 6th.

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.