Oklo Inc. (NYSE:OKLO - Get Free Report)'s stock price traded down 0.1% on Monday following insider selling activity. The stock traded as low as $21.10 and last traded at $22.37. 4,256,930 shares changed hands during mid-day 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 Oklo stock in a transaction on Monday, March 31st. The shares were sold at an average price of $21.80, for a total transaction of $893,800.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jacob Dewitte sold 35,365 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $25.15, for a total value of $889,429.75. Following the transaction, the chief executive officer now directly owns 11,033,561 shares of the company's stock, valued at approximately $277,494,059.15. This represents a 0.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Citigroup decreased 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 price target on shares of 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 shares of Oklo in a research note on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price objective on the stock. Finally, Wedbush reissued an "outperform" rating and set a $45.00 target price on shares of Oklo in a research note on Tuesday, March 25th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $44.25.
Check Out Our Latest Report on OKLO
Oklo Stock Performance
The business has a fifty day simple moving average of $35.83 and a 200-day simple moving average of $24.97. The stock has a market capitalization of $3.16 billion, a P/E ratio of -2.24 and a beta of -0.28.
Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings results on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). On average, sell-side analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current year.
Institutional Trading of Oklo
Large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Oklo by 1.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company's stock valued at $104,646,000 after acquiring an additional 74,315 shares during the period. Vanguard Group Inc. grew its position in Oklo by 92.8% in the 4th 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 bought a new stake in Oklo during the 3rd quarter valued at $19,753,000. Van ECK Associates Corp acquired a new position in Oklo during the fourth quarter worth $38,661,000. Finally, Atomi Financial Group Inc. bought a new position in shares of Oklo in the fourth quarter valued at $19,285,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.
About Oklo
(
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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.
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