Oklo (NYSE:OKLO) CEO Jacob Dewitte Sells 140,000 Shares

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 140,000 shares of Oklo stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $52.98, for a total value of $7,417,200.00. Following the transaction, the chief executive officer owned 478,039 shares in the company, valued at $25,326,506.22. This trade represents a 22.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Jacob Dewitte also recently made the following trade(s):

• On Monday, June 1st, Jacob Dewitte sold 140,000 shares of Oklo stock. The shares were sold at an average price of $68.29, for a total value of $9,560,600.00.
• On Monday, June 1st, Jacob Dewitte sold 60,000 shares of Oklo stock. The stock was sold at an average price of $68.29, for a total value of $4,097,400.00.
• On Friday, May 1st, Jacob Dewitte sold 140,000 shares of Oklo stock. The stock was sold at an average price of $70.50, for a total transaction of $9,870,000.00.
• On Friday, May 1st, Jacob Dewitte sold 60,000 shares of Oklo stock. The shares were sold at an average price of $69.61, for a total transaction of $4,176,600.00.

Oklo Stock Down 0.0%

Oklo stock opened at $52.44 on Friday. The stock has a market capitalization of $9.12 billion, a PE ratio of -62.43 and a beta of 1.14. Oklo Inc. has a twelve month low of $44.88 and a twelve month high of $193.84. The company has a 50 day moving average of $63.73 and a 200-day moving average of $67.98.

Oklo (NYSE:OKLO) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. During the same quarter last year, the business earned ($0.07) EPS. Equities analysts anticipate that Oklo Inc. will post -0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

OKLO has been the topic of a number of research reports. Bank of America started coverage on Oklo in a report on Friday, May 22nd. They issued a “buy” rating and a $80.00 price target on the stock. B. Riley Financial decreased their price objective on Oklo from $129.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Tigress Financial started coverage on Oklo in a research report on Monday, April 27th. They issued a “buy” rating and a $130.00 target price on the stock. UBS Group cut their target price on Oklo from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, June 11th. Finally, HSBC initiated coverage on Oklo in a research report on Thursday, April 23rd. They set a “buy” rating and a $96.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $84.18.

Hedge Funds Weigh In On Oklo

Several hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Oklo by 71.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company’s stock worth $792,822,000 after acquiring an additional 2,968,981 shares in the last quarter. State Street Corp lifted its stake in Oklo by 454.5% in the second quarter. State Street Corp now owns 2,138,658 shares of the company’s stock valued at $119,743,000 after acquiring an additional 1,752,946 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Oklo by 61.0% in the 3rd quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock valued at $387,914,000 after acquiring an additional 1,316,867 shares during the period. Norges Bank bought a new position in shares of Oklo in the 4th quarter valued at about $73,786,000. Finally, Millennium Management LLC increased its stake in shares of Oklo by 4,974.1% during the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock worth $12,589,000 after purchasing an additional 570,532 shares during the last quarter. Institutional investors own 85.03% of the company’s stock.

Key Stories Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: The U.S. Department of Energy approved the Documented Safety Analysis for Oklo’s Groves Isotope Test Reactor, moving the project into the final pre-startup review phase and keeping the path open for a potential July launch. U.S. Department of Energy Approves Final Safety Analysis for Oklo’s Groves Isotope Test Reactor
• Positive Sentiment: Investor interest was supported by reports that the Groves reactor is nearing go-live and could help Oklo build a domestic supply chain for medical and industrial isotopes, a potentially important commercial opportunity. How Investors May Respond To Oklo (OKLO) Advancing Groves Reactor To Final DOE Safety Review Phase
• Positive Sentiment: Oklo also said its CEI acquisition brings sodium engineering in-house, which could help accelerate Aurora reactor development and reduce execution risk. OKLO’s Latest Deal Brings Critical Engineering In-House
• Neutral Sentiment: Craig-Hallum maintained a Hold rating on Oklo, suggesting analysts remain cautious even as project milestones improve. Craig-Hallum Keeps Their Hold Rating on Oklo Inc (OKLO)
• Negative Sentiment: CEO Jacob Dewitte sold 140,000 shares at an average price of $52.98, which may weigh on sentiment because insider selling can be viewed as a lack of near-term conviction. SEC Form 4 filing for Jacob Dewitte sale

About Oklo

Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.

The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.