Michael Stuart Klein Sells 150,000 Shares of Oklo Inc. (NYSE:OKLO) Stock

Oklo Inc. (NYSE:OKLO) Director Michael Stuart Klein sold 150,000 shares of the stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $62.74, for a total value of $9,411,000.00. Following the sale, the director now owns 250,000 shares of the company’s stock, valued at approximately $15,685,000. The trade was a 37.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Michael Stuart Klein also recently made the following trade(s):

• On Monday, June 23rd, Michael Stuart Klein sold 50,000 shares of Oklo stock. The shares were sold at an average price of $54.85, for a total value of $2,742,500.00.
• On Wednesday, June 18th, Michael Stuart Klein sold 100,000 shares of Oklo stock. The stock was sold at an average price of $63.53, for a total value of $6,353,000.00.

Oklo Stock Down 8.5%

Shares of NYSE:OKLO opened at $55.53 on Thursday. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $73.55. The stock’s 50 day moving average is $41.85 and its 200-day moving average is $33.87. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of -10.26 and a beta of 0.58.

Oklo (NYSE:OKLO) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.04. Equities research analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. TD Waterhouse Canada Inc. acquired a new stake in shares of Oklo in the 4th quarter worth about $27,000. Sandy Spring Bank bought a new stake in Oklo during the 4th quarter worth approximately $32,000. CoreCap Advisors LLC bought a new stake in Oklo during the 4th quarter worth approximately $32,000. Covestor Ltd purchased a new stake in shares of Oklo in the fourth quarter worth approximately $34,000. Finally, KBC Group NV purchased a new stake in shares of Oklo in the first quarter worth approximately $36,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on OKLO. Citigroup reissued a “neutral” rating on shares of Oklo in a research note on Wednesday, May 14th. CLSA upgraded shares of Oklo from an “outperform” rating to a “moderate buy” rating and boosted their target price for the company from $50.00 to $74.00 in a research report on Tuesday, May 27th. William Blair initiated coverage on shares of Oklo in a research note on Wednesday, May 28th. They set an “outperform” rating on the stock. Wedbush set a $75.00 price target on shares of Oklo and gave the stock an “outperform” rating in a report on Thursday, June 12th. Finally, BTIG Research assumed coverage on shares of Oklo in a report on Friday, April 11th. They set a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.50.

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.