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 that occurred on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total transaction of $889,429.75. Following the sale, the chief executive officer now owns 11,033,561 shares in the company, valued at approximately $277,494,059.15. The trade was a 0.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $21.80, for a total value of $893,800.00.

Oklo Stock Performance

OKLO stock opened at $22.73 on Thursday. The company has a market cap of $3.16 billion, a price-to-earnings ratio of -2.24 and a beta of -0.28. The business’s 50-day moving average is $35.61 and its two-hundred day moving average is $24.96. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $59.14.

Oklo (NYSE:OKLO) last issued its quarterly earnings data 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). Equities analysts predict that Oklo Inc. will post -8.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on OKLO shares. B. Riley lifted their target price on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Craig Hallum started coverage on Oklo in a research report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price for the company. Citigroup lowered their target price on shares of Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Oklo presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of OKLO. TD Waterhouse Canada Inc. purchased a new stake in shares of Oklo in the 4th quarter worth $27,000. CoreCap Advisors LLC bought a new stake in Oklo during the fourth quarter valued at about $32,000. Sandy Spring Bank purchased a new stake in Oklo in the fourth quarter worth about $32,000. Covestor Ltd bought a new position in shares of Oklo in the fourth quarter worth about $34,000. Finally, Anfield Capital Management LLC purchased a new position in shares of Oklo during the 4th quarter valued at about $43,000. 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.