Jacob Dewitte Sells 41,000 Shares of Oklo Inc. (NYSE:OKLO) Stock

Oklo Inc. (NYSE:OKLO - Get Free Report) CEO Jacob Dewitte sold 41,000 shares of Oklo 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 completion of the transaction, the chief executive officer now owns 10,852,926 shares in the company, valued at approximately $236,593,786.80. The trade was a 0.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Thursday, March 27th, Jacob Dewitte sold 35,365 shares of Oklo stock. The stock was sold at an average price of $25.15, for a total transaction of $889,429.75.

Oklo Price Performance

NYSE OKLO traded up $0.20 on Wednesday, reaching $22.73. The company had a trading volume of 9,936,789 shares, compared to its average volume of 11,693,490. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of -2.24 and a beta of -0.28. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $59.14. The business has a 50 day moving average of $35.83 and a two-hundred day moving average of $24.97.

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

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Analyst Upgrades and Downgrades

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

Institutional Trading of Oklo

Large investors have recently bought and sold shares of the business. TD Waterhouse Canada Inc. bought a new stake in shares of Oklo during the 4th quarter valued at about $27,000. Sandy Spring Bank acquired a new position in Oklo in the fourth quarter valued at approximately $32,000. CoreCap Advisors LLC bought a new position in shares of Oklo during the 4th quarter worth approximately $32,000. Covestor Ltd acquired a new stake in shares of Oklo during the 4th quarter worth approximately $34,000. Finally, Anfield Capital Management LLC bought a new stake in shares of Oklo in the 4th quarter valued at $43,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Oklo Company Profile

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.