Insider Selling: Oklo (NYSE:OKLO) CEO Sells $69,148,800.00 in Stock

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 840,000 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $82.32, for a total value of $69,148,800.00. Following the completion of the sale, the chief executive officer owned 1,580,000 shares of the company’s stock, valued at approximately $130,065,600. The trade was a 34.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, September 30th, Jacob Dewitte sold 300,000 shares of Oklo stock. The stock was sold at an average price of $112.26, for a total value of $33,678,000.00.

Oklo Trading Down 0.9%

Shares of OKLO stock opened at $81.11 on Friday. Oklo Inc. has a twelve month low of $17.42 and a twelve month high of $193.84. The company’s 50-day moving average price is $105.34 and its 200-day moving average price is $90.97. The stock has a market cap of $12.67 billion, a price-to-earnings ratio of -150.19 and a beta of 0.73.

Oklo (NYSE:OKLO) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same period in the previous year, the business posted ($0.08) EPS. As a group, equities research analysts predict that Oklo Inc. will post -8.2 EPS for the current year.

Institutional Investors Weigh In On Oklo

Large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Oklo by 71.8% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company’s stock valued at $792,822,000 after acquiring an additional 2,968,981 shares in the last quarter. Vanguard Group Inc. increased its holdings in Oklo by 33.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,593,468 shares of the company’s stock worth $1,294,179,000 after purchasing an additional 2,901,909 shares during the period. State Street Corp raised its position in Oklo by 454.5% in the 2nd quarter. State Street Corp now owns 2,138,658 shares of the company’s stock valued at $119,743,000 after purchasing an additional 1,752,946 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Oklo by 195.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company’s stock valued at $125,906,000 after buying an additional 1,488,482 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of Oklo by 61.0% in the 3rd quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock valued at $387,914,000 after buying an additional 1,316,867 shares during the period. 85.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Zacks Research raised Oklo from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Citigroup reaffirmed a “neutral” rating on shares of Oklo in a research note on Monday, November 24th. Wedbush reissued an “outperform” rating and issued a $150.00 price target on shares of Oklo in a research note on Wednesday, November 12th. The Goldman Sachs Group began coverage on shares of Oklo in a research report on Thursday, September 25th. They set a “neutral” rating and a $117.00 price objective for the company. Finally, Needham & Company LLC assumed coverage on shares of Oklo in a report on Friday, December 5th. They issued a “buy” rating and a $135.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Oklo has a consensus rating of “Hold” and an average target price of $102.87.

About Oklo

Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.

The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.