Oklo Inc. (NYSE:OKLO – Get Free Report) General Counsel Vivek Narayanadas sold 2,359 shares of Oklo stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $27.63, for a total transaction of $65,179.17. Following the completion of the transaction, the general counsel owned 15,810 shares of the company’s stock, valued at $436,830.30. This represents a 12.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Vivek Narayanadas also recently made the following trade(s):
- On Friday, October 9th, Vivek Narayanadas sold 364 shares of Oklo stock. The shares were sold at an average price of $34.69, for a total transaction of $12,627.16.
- On Tuesday, October 6th, Vivek Narayanadas sold 288 shares of Oklo stock. The stock was sold at an average price of $37.29, for a total value of $10,739.52.
- On Monday, October 5th, Vivek Narayanadas sold 649 shares of Oklo stock. The stock was sold at an average price of $35.93, for a total value of $23,318.57.
- On Wednesday, September 9th, Vivek Narayanadas sold 365 shares of Oklo stock. The stock was sold at an average price of $43.31, for a total value of $15,808.15.
- On Tuesday, September 8th, Vivek Narayanadas sold 238 shares of Oklo stock. The shares were sold at an average price of $42.06, for a total value of $10,010.28.
- On Friday, September 4th, Vivek Narayanadas sold 538 shares of Oklo stock. The shares were sold at an average price of $39.88, for a total value of $21,455.44.
- On Tuesday, August 25th, Vivek Narayanadas sold 223 shares of Oklo stock. The shares were sold at an average price of $40.80, for a total value of $9,098.40.
- On Monday, August 24th, Vivek Narayanadas sold 3,264 shares of Oklo stock. The stock was sold at an average price of $39.77, for a total value of $129,809.28.
Oklo Stock Performance
NYSE OKLO traded up $0.26 during trading hours on Tuesday, hitting $27.50. The company had a trading volume of 7,864,106 shares, compared to its average volume of 11,157,557. Oklo Inc. has a 52 week low of $26.36 and a 52 week high of $154.45. The firm has a 50 day simple moving average of $38.60 and a 200 day simple moving average of $50.26. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of -29.25 and a beta of 1.20.
Oklo (NYSE:OKLO – Get Free Report) last posted its earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.12). The business had revenue of $1.21 million during the quarter, compared to analyst estimates of $0.09 million. During the same period in the previous year, the firm earned ($0.18) earnings per share. The firm’s quarterly revenue was up 11900.0% on a year-over-year basis. On average, research analysts forecast that Oklo Inc. will post -1.02 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its position in shares of Oklo by 55.3% in the first quarter. Bank of America Corp DE now owns 620,281 shares of the company’s stock worth $30,760,000 after purchasing an additional 220,976 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Oklo by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 516,886 shares of the company’s stock valued at $25,632,000 after purchasing an additional 5,945 shares in the last quarter. Swiss National Bank lifted its position in Oklo by 7.1% during the first quarter. Swiss National Bank now owns 324,900 shares of the company’s stock valued at $16,112,000 after purchasing an additional 21,400 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in Oklo by 427.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 171,128 shares of the company’s stock valued at $12,280,000 after purchasing an additional 138,659 shares during the last quarter. Finally, Amundi lifted its position in Oklo by 59.0% during the first quarter. Amundi now owns 164,824 shares of the company’s stock valued at $8,174,000 after purchasing an additional 61,161 shares during the last quarter. Hedge funds and other institutional investors own 85.03% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently commented on OKLO shares. Truist Financial set a $51.00 price objective on shares of Oklo in a research note on Monday, September 28th. Piper Sandler cut their price target on shares of Oklo from $55.00 to $49.00 and set an “overweight” rating for the company in a report on Monday. HC Wainwright reissued a “buy” rating and issued a $90.00 price target on shares of Oklo in a report on Monday, August 10th. Barclays reduced their price target on shares of Oklo from $76.00 to $59.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, UBS Group decreased their price target on shares of Oklo from $55.00 to $41.00 and set a “neutral” rating on the stock in a report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Oklo presently has an average rating of “Moderate Buy” and an average target price of $81.09.
Read Our Latest Analysis on OKLO
About Oklo
Oklo Inc is an advanced nuclear technology company developing compact fission power plants designed to provide reliable, carbon-free electricity. Its flagship product, the Aurora powerhouse, is a small modular reactor intended to operate with a high degree of fuel efficiency and to supply power directly to customers such as utilities, industrial facilities, data centers and other energy-intensive operations.
The company is also developing fuel-recycling capabilities intended to convert used nuclear fuel and other material into fuel for advanced reactors.
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