Richard Craig Bealmear Sells 73,081 Shares of Oklo (NYSE:OKLO) Stock

Oklo Inc. (NYSE:OKLO) CFO Richard Craig Bealmear sold 73,081 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $68.42, for a total transaction of $5,000,202.02. Following the completion of the transaction, the chief financial officer owned 397,642 shares in the company, valued at approximately $27,206,665.64. This trade represents a 15.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Richard Craig Bealmear also recently made the following trade(s):

• On Wednesday, April 1st, Richard Craig Bealmear sold 16,342 shares of Oklo stock. The shares were sold at an average price of $51.08, for a total transaction of $834,749.36.
• On Friday, March 13th, Richard Craig Bealmear sold 72,090 shares of Oklo stock. The shares were sold at an average price of $60.00, for a total transaction of $4,325,400.00.

Oklo Stock Up 0.4%

NYSE:OKLO opened at $65.46 on Friday. The firm has a market cap of $11.39 billion, a PE ratio of -77.93 and a beta of 1.10. Oklo Inc. has a 12 month low of $44.88 and a 12 month high of $193.84. The company’s 50-day moving average price is $62.83 and its two-hundred day moving average price is $73.51.

Oklo (NYSE:OKLO) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.01. During the same quarter last year, the business earned ($0.07) earnings per share. On average, research analysts expect that Oklo Inc. will post -0.78 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wolfe Research assumed coverage on shares of Oklo in a research report on Tuesday, May 19th. They issued a “peer perform” rating on the stock. HSBC assumed coverage on shares of Oklo in a research report on Thursday, April 23rd. They issued a “buy” rating and a $96.00 price target on the stock. Barclays reduced their target price on shares of Oklo from $146.00 to $82.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. Tigress Financial assumed coverage on shares of Oklo in a research report on Monday, April 27th. They set a “buy” rating and a $130.00 target price on the stock. Finally, Zacks Research upgraded shares of Oklo from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $83.06.

Institutional Investors Weigh In On Oklo

A number of institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC raised its stake in shares of Oklo by 56.8% during the first quarter. NewEdge Advisors LLC now owns 35,894 shares of the company’s stock worth $1,780,000 after buying an additional 13,002 shares during the last quarter. Optiver Holding B.V. bought a new stake in shares of Oklo during the first quarter worth approximately $2,414,000. Western Wealth Management LLC bought a new stake in shares of Oklo during the first quarter worth approximately $130,000. Silicon Valley Capital Partners raised its stake in shares of Oklo by 155.8% during the first quarter. Silicon Valley Capital Partners now owns 1,862 shares of the company’s stock worth $92,000 after buying an additional 1,134 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Oklo by 55.3% during the first quarter. Bank of America Corp DE now owns 620,281 shares of the company’s stock worth $30,760,000 after buying an additional 220,976 shares during the last quarter. 85.03% of the stock is owned by institutional investors.

Oklo Company Profile

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.