Oklo (NYSE:OKLO) General Counsel Sells 2,359 Shares of Stock

Oklo Inc. (NYSE:OKLO) General Counsel Vivek Narayanadas sold 2,359 shares of the company’s stock in a transaction on Monday, October 19th. The shares were sold at an average price of $27.63, for a total value of $65,179.17. Following the sale, the general counsel owned 15,810 shares of the company’s stock, valued at approximately $436,830.30. The trade was a 12.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Vivek Narayanadas also recently made the following trade(s):

• On Friday, October 9th, Vivek Narayanadas sold 364 shares of Oklo stock. The stock was sold at an average price of $34.69, for a total value of $12,627.16.
• On Tuesday, October 6th, Vivek Narayanadas sold 288 shares of Oklo stock. The stock was sold at an average price of $37.29, for a total value of $10,739.52.
• On Monday, October 5th, Vivek Narayanadas sold 649 shares of Oklo stock. The shares were sold at an average price of $35.93, for a total value of $23,318.57.
• On Wednesday, September 9th, Vivek Narayanadas sold 365 shares of Oklo stock. The shares were sold at an average price of $43.31, for a total value of $15,808.15.
• On Tuesday, September 8th, Vivek Narayanadas sold 238 shares of Oklo stock. The stock was sold at an average price of $42.06, for a total transaction of $10,010.28.
• On Friday, September 4th, Vivek Narayanadas sold 538 shares of Oklo stock. The stock was sold at an average price of $39.88, for a total transaction of $21,455.44.
• On Tuesday, August 25th, Vivek Narayanadas sold 223 shares of Oklo stock. The shares were sold at an average price of $40.80, for a total transaction of $9,098.40.
• On Monday, August 24th, Vivek Narayanadas sold 3,264 shares of Oklo stock. The shares were sold at an average price of $39.77, for a total transaction of $129,809.28.

Oklo Stock Up 0.9%

Shares of NYSE:OKLO traded up $0.26 during midday trading on Tuesday, hitting $27.50. The stock had a trading volume of 7,864,106 shares, compared to its average volume of 11,157,557. The company’s 50-day moving average price is $38.60 and its 200-day moving average price is $50.26. The company has a market capitalization of $5.12 billion, a P/E ratio of -29.25 and a beta of 1.20. Oklo Inc. has a fifty-two week low of $26.36 and a fifty-two week high of $154.45.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Friday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The company had revenue of $1.21 million for the quarter, compared to analyst estimates of $0.09 million. The company’s quarterly revenue was up 11900.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.18) EPS. Research analysts expect that Oklo Inc. will post -1.02 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on OKLO shares. Canaccord Genuity Group dropped their price objective on Oklo from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Citigroup decreased their target price on Oklo from $76.00 to $57.50 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Guggenheim began coverage on Oklo in a research report on Thursday, June 25th. They issued a “neutral” rating on the stock. HC Wainwright reissued a “buy” rating and set a $90.00 target price on shares of Oklo in a research note on Monday, August 10th. Finally, Barclays dropped their target price on shares of Oklo from $76.00 to $59.00 and set an “overweight” rating for the company in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Oklo currently has a consensus rating of “Moderate Buy” and an average price target of $81.09.

Institutional Investors Weigh In On Oklo

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE lifted its position in shares of Oklo by 55.3% during the 1st quarter. Bank of America Corp DE now owns 620,281 shares of the company’s stock valued at $30,760,000 after buying an additional 220,976 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Oklo by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 516,886 shares of the company’s stock worth $25,632,000 after acquiring an additional 5,945 shares during the period. Swiss National Bank lifted its holdings in Oklo by 7.1% during the first quarter. Swiss National Bank now owns 324,900 shares of the company’s stock valued at $16,112,000 after purchasing an additional 21,400 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in Oklo by 427.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 171,128 shares of the company’s stock worth $12,280,000 after purchasing an additional 138,659 shares during the period. Finally, Amundi boosted its position in Oklo by 59.0% during the first quarter. Amundi now owns 164,824 shares of the company’s stock worth $8,174,000 after purchasing an additional 61,161 shares during the period. Institutional investors and hedge funds own 85.03% of the company’s stock.

About Oklo

Oklo Inc is an advanced nuclear technology company developing compact fission power plants designed to provide reliable, carbon-free electricity. Its flagship product, the Aurora powerhouse, is a small modular reactor intended to operate with a high degree of fuel efficiency and to supply power directly to customers such as utilities, industrial facilities, data centers and other energy-intensive operations.

The company is also developing fuel-recycling capabilities intended to convert used nuclear fuel and other material into fuel for advanced reactors.