Oklo (NYSE:OKLO) Insider William Carroll Murphy Goodwin Sells 2,820 Shares

Oklo Inc. (NYSE:OKLO) insider William Carroll Murphy Goodwin sold 2,820 shares of Oklo stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $56.69, for a total value of $159,865.80. Following the completion of the transaction, the insider owned 15,991 shares of the company’s stock, valued at approximately $906,529.79. This represents a 14.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Oklo Trading Down 0.6%

Shares of OKLO stock opened at $61.42 on Wednesday. The company has a market capitalization of $9.60 billion, a P/E ratio of -113.73 and a beta of 0.80. The business’s 50 day moving average is $77.16 and its two-hundred day moving average is $95.76. Oklo Inc. has a 12-month low of $17.42 and a 12-month high of $193.84.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. William Blair reiterated an “outperform” rating on shares of Oklo in a research report on Wednesday, November 12th. Needham & Company LLC reissued a “buy” rating on shares of Oklo in a report on Friday, January 9th. Citigroup restated a “neutral” rating on shares of Oklo in a research report on Monday, November 24th. Texas Capital raised shares of Oklo to a “strong-buy” rating in a report on Tuesday, January 27th. Finally, UBS Group reiterated a “neutral” rating on shares of Oklo in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.93.

Hedge Funds Weigh In On Oklo

Hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Oklo by 71.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company’s stock valued at $792,822,000 after purchasing an additional 2,968,981 shares during the last quarter. Vanguard Group Inc. boosted its stake in Oklo by 33.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,593,468 shares of the company’s stock worth $1,294,179,000 after purchasing an additional 2,901,909 shares during the last quarter. State Street Corp boosted its stake in Oklo by 454.5% during the 2nd quarter. State Street Corp now owns 2,138,658 shares of the company’s stock worth $119,743,000 after purchasing an additional 1,752,946 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Oklo by 195.9% during the second quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company’s stock worth $125,906,000 after buying an additional 1,488,482 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Oklo by 61.0% during the third quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock worth $387,914,000 after buying an additional 1,316,867 shares in the last quarter. Hedge funds and other institutional investors own 85.03% of the company’s stock.

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.