Oklo Inc. (NYSE:OKLO) CEO Sells $893,800.00 in Stock

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 41,000 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $21.80, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $25.15, for a total value of $889,429.75.

Oklo Trading Up 0.9 %

NYSE:OKLO opened at $22.73 on Thursday. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $59.14. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of -2.24 and a beta of -0.28. The firm has a fifty day simple moving average of $35.61 and a two-hundred day simple moving average of $24.96.

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

Hedge Funds Weigh In On Oklo

Institutional investors have recently modified their holdings of the company. Triton Wealth Management PLLC acquired a new stake in Oklo in the 4th quarter valued at $559,000. Windmill Hill Asset Management Ltd bought a new position in shares of Oklo in the fourth quarter valued at $1,476,000. Polar Asset Management Partners Inc. acquired a new position in shares of Oklo during the fourth quarter valued at about $781,000. Alpine Global Management LLC bought a new stake in shares of Oklo during the fourth quarter worth about $427,000. Finally, Value Aligned Research Advisors LLC bought a new stake in shares of Oklo during the fourth quarter worth about $1,209,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OKLO has been the subject of a number of recent analyst reports. B. Riley increased their target price on shares of 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 target price on shares of Oklo from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. Wedbush restated an “outperform” rating and issued a $45.00 target price on shares of Oklo in a report on Tuesday, March 25th. Finally, Craig Hallum initiated coverage on Oklo in a report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price target for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.25.

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.