Oklo (NYSE:OKLO) Insider Sells 1,100 Shares of Company Stock

Oklo Inc. (NYSE:OKLO) insider Alexandra Renner sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $37.39, for a total transaction of $41,129.00. Following the sale, the insider owned 477,595 shares of the company’s stock, valued at $17,857,277.05. This trade represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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):

• 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 transaction of $74,112.00.
• On Monday, August 24th, Alexandra Renner sold 557 shares of Oklo stock. The stock was sold at an average price of $39.77, for a total transaction of $22,151.89.

Oklo Stock Down 0.1%

OKLO traded down $0.04 during trading on Tuesday, hitting $37.07. The company’s stock had a trading volume of 7,454,413 shares, compared to its average volume of 11,222,367. The business’s 50 day simple moving average is $41.18 and its 200-day simple moving average is $52.55. The firm has a market cap of $6.90 billion, a PE ratio of -39.44 and a beta of 1.18. Oklo Inc. has a one year low of $34.38 and a one year high of $193.84.

Oklo (NYSE:OKLO) last issued its quarterly earnings data on Friday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.12). The firm had revenue of $1.21 million for the quarter, compared to analysts’ expectations of $0.09 million. Oklo’s revenue for the quarter was up 11900.0% on a year-over-year basis. During the same period last year, the firm posted ($0.18) earnings per share. Equities research analysts expect that Oklo Inc. will post -0.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Oklo

A number of institutional investors have recently bought and sold shares of OKLO. Norges Bank purchased a new stake in Oklo during the fourth quarter valued at $73,786,000. Van ECK Associates Corp lifted its position in Oklo by 13.9% during the fourth quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock valued at $283,902,000 after purchasing an additional 481,288 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Oklo in the 2nd quarter worth $24,532,000. Clear Street Group Inc. increased its holdings in shares of Oklo by 110.5% in the 4th quarter. Clear Street Group Inc. now owns 842,172 shares of the company’s stock worth $60,434,000 after buying an additional 442,172 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of 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 last quarter. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on OKLO shares. Barclays cut their price target on Oklo from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Citigroup lowered their price objective on Oklo from $76.00 to $57.50 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Canaccord Genuity Group cut their price objective on Oklo from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, August 10th. HC Wainwright reissued a “buy” rating and issued a $90.00 target price on shares of Oklo in a report on Monday, August 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Oklo in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.44.

Oklo Company Profile

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.