Oklo (NYSE:OKLO) Insider Sells $41,129.00 in Stock

Oklo Inc. (NYSE:OKLO – Get Free Report) insider Alexandra Renner sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $37.39, for a total value of $41,129.00. Following the sale, the insider directly owned 477,595 shares in the company, valued at $17,857,277.05. The trade was a 0.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Alexandra Renner also recently made the following trade(s):

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• On Tuesday, September 1st, Alexandra Renner sold 1,930 shares of Oklo stock. The shares were sold at an average price of $38.40, for a total value of $74,112.00.
• On Monday, August 24th, Alexandra Renner sold 557 shares of Oklo stock. The shares were sold at an average price of $39.77, for a total value of $22,151.89.

Oklo Price Performance

Shares of Oklo stock traded down $0.04 on Tuesday, reaching $37.07. The company had a trading volume of 7,454,413 shares, compared to its average volume of 11,222,367. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of -39.44 and a beta of 1.18. The firm’s 50-day moving average price is $41.18 and its two-hundred day moving average price is $52.55. Oklo Inc. has a 1 year low of $34.38 and a 1 year high of $193.84.

Oklo (NYSE:OKLO – Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The company had revenue of $1.21 million during the quarter, compared to the consensus estimate of $0.09 million. The business’s revenue for the quarter was up 11900.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.18) EPS. As a group, analysts anticipate that Oklo Inc. will post -0.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on OKLO. Piper Sandler assumed coverage on shares of Oklo in a report on Tuesday, September 8th. They issued an “overweight” rating and a $55.00 target price for the company. UBS Group cut 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. Canaccord Genuity Group reduced their price objective on shares of Oklo from $125.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Guggenheim assumed coverage on shares of Oklo in a research note on Thursday, June 25th. They issued a “neutral” rating for the company. Finally, HC Wainwright reissued a “buy” rating and issued a $90.00 price objective on shares of Oklo in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.44.

Check Out Our Latest Stock Analysis on Oklo

Institutional Trading of Oklo

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp lifted its position in shares of Oklo by 13.9% during the fourth quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock worth $283,902,000 after purchasing an additional 481,288 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Oklo by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company’s stock valued at $201,671,000 after purchasing an additional 185,265 shares during the period. Norges Bank bought a new position in shares of Oklo in the fourth quarter worth about $73,786,000. Clear Street Group Inc. grew its holdings in shares of Oklo by 110.5% in the fourth quarter. Clear Street Group Inc. now owns 842,172 shares of the company’s stock worth $60,434,000 after purchasing an additional 442,172 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Oklo by 55.3% in the 1st quarter. Bank of America Corp DE now owns 620,281 shares of the company’s stock worth $30,760,000 after buying an additional 220,976 shares during the period. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Company Profile

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Oklo Inc is an advanced nuclear technology company focused on developing and commercializing small-scale fission power plants. The company’s flagship product, the Aurora powerhouse, is designed to provide reliable, long-term electricity and heat using advanced nuclear reactor technology. Oklo is targeting applications such as industrial operations, data centers, defense facilities and other customers that require dependable, low-carbon energy.

Oklo is also developing fuel-recycling capabilities intended to use certain forms of nuclear fuel more efficiently and reduce the volume of nuclear waste requiring disposal.

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