Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte Sells 35,365 Shares

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

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 Down 3.0 %

NYSE OKLO traded down $0.67 on Monday, reaching $21.72. 10,054,414 shares of the stock traded hands, compared to its average volume of 11,696,512. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $59.14. The company has a market cap of $3.02 billion, a price-to-earnings ratio of -2.14 and a beta of -0.28. The firm’s fifty day simple moving average is $36.01 and its 200 day simple moving average is $24.86.

Oklo (NYSE:OKLO) last announced its 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). As a group, equities research analysts forecast that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Analyst Ratings Changes

OKLO has been the topic of several analyst reports. B. Riley raised their target price on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Citigroup lowered their price target on Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. Craig Hallum initiated coverage on shares of Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price objective for the company. Finally, Wedbush reiterated an “outperform” rating and issued a $45.00 target price on shares of Oklo in a research report on Tuesday, March 25th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $44.25.

Hedge Funds Weigh In On Oklo

Several hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Oklo in the 3rd quarter worth approximately $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Oklo in the third quarter worth approximately $104,000. Atom Investors LP bought a new position in shares of Oklo in the third quarter valued at $657,000. HITE Hedge Asset Management LLC bought a new position in shares of Oklo in the third quarter valued at $19,753,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Oklo during the 3rd quarter valued at $1,023,000. Institutional investors and hedge funds 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.