Oklo (NYSE:OKLO) Stock Price Down 0.1% on Insider Selling

Shares of Oklo Inc. (NYSE:OKLO) traded down 0.1% on Monday following insider selling activity. The company traded as low as $21.10 and last traded at $22.37. 4,256,930 shares were traded during trading, a decline of 64% from the average session volume of 11,673,043 shares. The stock had previously closed at $22.39.

Specifically, CEO Jacob Dewitte sold 41,000 shares of the business’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $21.80, for a total value of $893,800.00. Following the sale, the chief executive officer now owns 10,852,926 shares in the company, valued at $236,593,786.80. The trade was a 0.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jacob Dewitte sold 35,365 shares of Oklo stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $25.15, for a total value of $889,429.75. Following the completion of the sale, the chief executive officer now directly owns 11,033,561 shares in the company, valued at $277,494,059.15. This trade represents a 0.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

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

Oklo Trading Up 4.2 %

The company has a 50-day moving average price of $35.83 and a two-hundred day moving average price of $24.97. The stock has a market cap of $3.13 billion, a P/E ratio of -2.23 and a beta of -0.28.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of OKLO. TD Waterhouse Canada Inc. purchased a new stake in Oklo in the fourth quarter worth $27,000. CoreCap Advisors LLC purchased a new stake in Oklo in the fourth quarter worth about $32,000. Sandy Spring Bank bought a new position in Oklo during the 4th quarter worth about $32,000. Covestor Ltd purchased a new position in Oklo during the 4th quarter valued at about $34,000. Finally, Anfield Capital Management LLC bought a new stake in shares of Oklo in the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

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.