Jacob Dewitte Sells 140,000 Shares of Oklo (NYSE:OKLO) Stock

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 140,000 shares of Oklo stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $52.98, for a total transaction of $7,417,200.00. Following the completion of the transaction, the chief executive officer directly owned 478,039 shares in the company, valued at approximately $25,326,506.22. This represents a 22.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, June 1st, Jacob Dewitte sold 140,000 shares of Oklo stock. The stock was sold at an average price of $68.29, for a total transaction of $9,560,600.00.
• On Monday, June 1st, Jacob Dewitte sold 60,000 shares of Oklo stock. The stock was sold at an average price of $68.29, for a total transaction of $4,097,400.00.
• On Friday, May 1st, Jacob Dewitte sold 140,000 shares of Oklo stock. The shares were sold at an average price of $70.50, for a total transaction of $9,870,000.00.
• On Friday, May 1st, Jacob Dewitte sold 60,000 shares of Oklo stock. The shares were sold at an average price of $69.61, for a total transaction of $4,176,600.00.

Oklo Price Performance

Shares of OKLO opened at $52.44 on Friday. The company has a market capitalization of $9.12 billion, a PE ratio of -62.43 and a beta of 1.14. Oklo Inc. has a one year low of $44.88 and a one year high of $193.84. The company’s fifty day moving average price is $63.34 and its 200 day moving average price is $67.88.

Oklo (NYSE:OKLO) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.01. During the same quarter in the prior year, the firm earned ($0.07) EPS. Analysts anticipate that Oklo Inc. will post -0.73 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on OKLO shares. Citigroup increased their target price on Oklo from $73.50 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Canaccord Genuity Group dropped their price target on Oklo from $175.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Needham & Company LLC dropped their price target on Oklo from $135.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. HSBC began coverage on Oklo in a report on Thursday, April 23rd. They set a “buy” rating and a $96.00 price target for the company. Finally, Craig Hallum reissued a “hold” rating on shares of Oklo in a research report on Wednesday, March 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.18.

Institutional Investors Weigh In On Oklo

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in shares of Oklo by 162.6% in the 1st quarter. Royal Bank of Canada now owns 92,850 shares of the company’s stock valued at $2,009,000 after buying an additional 57,497 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Oklo during the 1st quarter valued at about $519,000. Millennium Management LLC boosted its position in shares of Oklo by 4,974.1% during the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after acquiring an additional 570,532 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Oklo by 165.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,672 shares of the company’s stock valued at $339,000 after acquiring an additional 9,772 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Oklo by 90.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 112,772 shares of the company’s stock valued at $2,439,000 after acquiring an additional 53,703 shares during the period. Institutional investors and hedge funds own 85.03% of the company’s stock.

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.