Oklo (NYSE:OKLO) Director Michael Stuart Klein Sells 50,000 Shares of Stock

Oklo Inc. (NYSE:OKLO) Director Michael Stuart Klein sold 50,000 shares of Oklo stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the completion of the sale, the director owned 150,000 shares of the company’s stock, valued at $20,064,000. This represents a 25.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Oklo Price Performance

Shares of OKLO opened at $131.09 on Thursday. The company has a market cap of $19.35 billion, a PE ratio of -312.10 and a beta of 0.59. Oklo Inc. has a one year low of $7.90 and a one year high of $144.49. The stock has a 50-day moving average of $80.14 and a 200-day moving average of $52.89.

Oklo (NYSE:OKLO) last posted its earnings results on Monday, August 11th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). Analysts expect that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Institutional Trading of Oklo

Several hedge funds have recently made changes to their positions in OKLO. Private Trust Co. NA bought a new stake in Oklo in the 2nd quarter valued at about $25,000. Caldwell Sutter Capital Inc. purchased a new position in shares of Oklo in the second quarter worth about $25,000. Fourth Dimension Wealth LLC lifted its stake in shares of Oklo by 125.0% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock valued at $25,000 after buying an additional 250 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of Oklo during the 2nd quarter valued at approximately $28,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Oklo by 107.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company’s stock worth $33,000 after buying an additional 305 shares during the period. 85.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OKLO has been the topic of a number of recent analyst reports. Cantor Fitzgerald set a $73.00 price target on shares of Oklo and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Citigroup boosted their target price on Oklo from $30.00 to $68.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Daiwa Capital Markets raised Oklo from a “neutral” rating to an “outperform” rating in a report on Sunday, July 27th. Seaport Res Ptn lowered Oklo from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Craig Hallum cut Oklo from a “buy” rating to a “hold” rating and set a $59.00 price objective on the stock. in a research report on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Oklo has a consensus rating of “Hold” and an average target price of $72.82.

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.