Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte Sells 35,365 Shares of Stock

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 35,365 shares of the firm’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $25.15, for a total value of $889,429.75. Following the transaction, the chief executive officer now owns 11,033,561 shares of the company’s stock, valued at $277,494,059.15. This trade represents a 0.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Jacob Dewitte also recently made the following trade(s):

• On Monday, March 31st, Jacob Dewitte sold 41,000 shares of Oklo stock. The stock was sold at an average price of $21.80, for a total transaction of $893,800.00.

Oklo Stock Down 3.0 %

Shares of Oklo stock opened at $21.72 on Tuesday. Oklo Inc. has a 52-week low of $5.35 and a 52-week high of $59.14. The company has a 50 day moving average of $36.01 and a 200 day moving average of $24.86. The company has a market capitalization of $3.02 billion, a P/E ratio of -2.14 and a beta of -0.28.

Oklo (NYSE:OKLO) last issued its earnings results on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). As a group, research analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OKLO. Barclays PLC raised its position in shares of Oklo by 5.7% during the 4th quarter. Barclays PLC now owns 7,666 shares of the company’s stock worth $163,000 after acquiring an additional 416 shares in the last quarter. Ancora Advisors LLC raised its holdings in Oklo by 18.2% during the fourth quarter. Ancora Advisors LLC now owns 4,610 shares of the company’s stock worth $98,000 after purchasing an additional 710 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new stake in shares of Oklo during the 4th quarter worth approximately $27,000. CoreCap Advisors LLC acquired a new position in shares of Oklo in the 4th quarter valued at $32,000. Finally, Sandy Spring Bank purchased a new position in shares of Oklo in the 4th quarter valued at $32,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OKLO has been the subject of a number of research reports. Citigroup dropped their price objective on shares of Oklo from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. Craig Hallum initiated coverage on shares of Oklo in a research note on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price target for the company. B. Riley increased their price objective on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Wedbush reiterated an “outperform” rating and issued a $45.00 target price on shares of Oklo in a report on Tuesday, March 25th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.25.

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.