Oklo Inc. (NYSE:OKLO – Get Free Report) CEO Jacob Dewitte sold 140,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $52.98, for a total value of $7,417,200.00. Following the sale, the chief executive officer owned 478,039 shares of the company’s stock, valued at $25,326,506.22. This trade represents a 22.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
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 shares were 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 stock was sold at an average price of $69.61, for a total transaction of $4,176,600.00.
Oklo Price Performance
NYSE OKLO opened at $52.44 on Friday. Oklo Inc. has a 1 year low of $44.88 and a 1 year high of $193.84. The firm has a market cap of $9.12 billion, a price-to-earnings ratio of -62.43 and a beta of 1.14. The company has a fifty day moving average price of $63.34 and a 200-day moving average price of $67.88.
Institutional Trading of Oklo
Several hedge funds have recently added to or reduced their stakes in OKLO. Meriwether Wealth & Planning LLC grew its position in shares of Oklo by 2.7% during the 4th quarter. Meriwether Wealth & Planning LLC now owns 4,545 shares of the company’s stock valued at $326,000 after acquiring an additional 120 shares during the period. NBC Securities Inc. raised its holdings in shares of Oklo by 75.0% in the 4th quarter. NBC Securities Inc. now owns 350 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the period. Perennial Investment Advisors LLC raised its holdings in shares of Oklo by 3.4% in the 3rd quarter. Perennial Investment Advisors LLC now owns 4,676 shares of the company’s stock worth $522,000 after purchasing an additional 154 shares during the period. Vantage Point Financial LLC lifted its stake in Oklo by 0.8% in the fourth quarter. Vantage Point Financial LLC now owns 21,222 shares of the company’s stock valued at $1,523,000 after purchasing an additional 169 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Oklo by 6.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,800 shares of the company’s stock valued at $313,000 after purchasing an additional 174 shares during the last quarter. Institutional investors own 85.03% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Bank of America assumed coverage on shares of Oklo in a research report on Friday, May 22nd. They set a “buy” rating and a $80.00 target price on the stock. Craig Hallum reaffirmed a “hold” rating on shares of Oklo in a report on Wednesday, March 18th. UBS Group decreased their price target on Oklo from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, June 11th. Citigroup lifted their price target on Oklo from $73.50 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Finally, B. Riley Financial cut their price objective on Oklo from $129.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.18.
Read Our Latest Analysis on Oklo
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.
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