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

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 41,000 shares of the business’s stock in a transaction 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 owns 10,852,926 shares in the company, valued at $236,593,786.80. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 Oklo stock traded down $0.67 on Monday, hitting $21.72. 10,054,414 shares of the company traded hands, compared to its average volume of 11,696,512. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $59.14. The company has a market cap of $3.02 billion, a PE 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 (NYSE:OKLO) last issued its earnings results on Monday, March 24th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). As a group, research analysts anticipate that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OKLO. HITE Hedge Asset Management LLC bought a new stake in shares of Oklo in the 3rd quarter valued at about $19,753,000. Vanguard Group Inc. increased its holdings in Oklo by 92.8% during the fourth quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company’s stock valued at $92,216,000 after buying an additional 2,090,154 shares during the period. Van ECK Associates Corp bought a new position in Oklo in the fourth quarter worth approximately $38,661,000. Atomi Financial Group Inc. purchased a new stake in Oklo during the fourth quarter worth $19,285,000. Finally, TimesSquare Capital Management LLC bought a new stake in Oklo during the 4th quarter valued at $17,104,000. 85.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.