Michael Stuart Klein Sells 50,000 Shares of Oklo Inc. (NYSE:OKLO) Stock

Oklo Inc. (NYSE:OKLOGet Free Report) Director Michael Stuart Klein sold 50,000 shares of the stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $54.85, for a total value of $2,742,500.00. Following the sale, the director now directly owns 200,000 shares in the company, valued at approximately $10,970,000. The trade was a 20.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Friday, June 20th, Michael Stuart Klein sold 150,000 shares of Oklo stock. The shares were sold at an average price of $62.74, for a total value of $9,411,000.00.
  • On Wednesday, June 18th, Michael Stuart Klein sold 100,000 shares of Oklo stock. The shares were sold at an average price of $63.53, for a total value of $6,353,000.00.

Oklo Trading Up 0.6%

Shares of NYSE:OKLO opened at $55.88 on Friday. The stock’s 50-day moving average price is $42.53 and its two-hundred day moving average price is $34.11. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $73.55. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of -10.33 and a beta of 0.58.

Oklo (NYSE:OKLOGet Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. As a group, research analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. CLSA raised Oklo from an “outperform” rating to a “moderate buy” rating and increased their price objective for the company from $50.00 to $74.00 in a research note on Tuesday, May 27th. Wedbush set a $75.00 price objective on Oklo and gave the company an “outperform” rating in a research note on Thursday, June 12th. BTIG Research assumed coverage on Oklo in a research note on Friday, April 11th. They set a “neutral” rating on the stock. HC Wainwright assumed coverage on Oklo in a research note on Wednesday, April 23rd. They issued a “buy” rating and a $55.00 price target on the stock. Finally, Citigroup reissued a “neutral” rating on shares of Oklo in a research note on Wednesday, May 14th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.50.

Read Our Latest Stock Analysis on Oklo

Hedge Funds Weigh In On Oklo

Hedge funds and other institutional investors have recently modified their holdings of the company. TD Waterhouse Canada Inc. acquired a new position in shares of Oklo in the 4th quarter valued at about $27,000. Sandy Spring Bank acquired a new position in shares of Oklo in the 4th quarter valued at about $32,000. CoreCap Advisors LLC acquired a new position in shares of Oklo in the 4th quarter valued at about $32,000. Covestor Ltd acquired a new position in shares of Oklo in the 4th quarter valued at about $34,000. Finally, KBC Group NV acquired a new position in shares of Oklo in the 1st quarter valued at about $36,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Oklo Company Profile

(Get Free Report)

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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