Oklo Inc. (NYSE:OKLO) CEO Sells $889,429.75 in Stock

Oklo Inc. (NYSE:OKLO - Get Free Report) CEO Jacob Dewitte sold 35,365 shares of Oklo stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total transaction of $889,429.75. Following the completion of the sale, the chief executive officer now directly owns 11,033,561 shares of the company's stock, valued at approximately $277,494,059.15. The trade was a 0.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 Up 0.9 %

Oklo stock traded up $0.20 during midday trading on Wednesday, hitting $22.73. 9,936,789 shares of the stock were exchanged, compared to its average volume of 11,693,490. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of -2.24 and a beta of -0.28. Oklo Inc. has a 52-week low of $5.35 and a 52-week high of $59.14. The business's 50-day moving average price is $35.83 and its 200-day moving average price is $24.97.

Oklo (NYSE:OKLO - Get Free Report) last announced its earnings results 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). On average, sell-side analysts predict that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

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Institutional Trading of Oklo

Several hedge funds have recently added to or reduced their stakes in OKLO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Oklo by 1.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company's stock worth $104,646,000 after purchasing an additional 74,315 shares during the last quarter. Vanguard Group Inc. grew its holdings in Oklo by 92.8% during the fourth quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock valued at $92,216,000 after purchasing an additional 2,090,154 shares during the period. HITE Hedge Asset Management LLC purchased a new stake in Oklo in the third quarter worth $19,753,000. Van ECK Associates Corp bought a new stake in shares of Oklo in the fourth quarter valued at $38,661,000. Finally, Atomi Financial Group Inc. purchased a new position in shares of Oklo during the 4th quarter valued at $19,285,000. Institutional investors own 85.03% of the company's stock.

Wall Street Analysts Forecast Growth

OKLO has been the subject of several recent research reports. Citigroup decreased their target price on shares of Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. B. Riley boosted their price objective on Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Craig Hallum began coverage on Oklo in a research note on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price objective for the company. Finally, Wedbush reaffirmed an "outperform" rating and set a $45.00 target price on shares of Oklo in a research report on Tuesday, March 25th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average 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.