Jacob Dewitte Sells 35,365 Shares of Oklo Inc. (NYSE:OKLO) Stock

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 35,365 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total value of $889,429.75. Following the completion of the sale, the chief executive officer now owns 11,033,561 shares of the company’s stock, valued at approximately $277,494,059.15. The trade was a 0.32 % 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 Monday, March 31st, Jacob Dewitte sold 41,000 shares of Oklo stock. The shares were sold at an average price of $21.80, for a total transaction of $893,800.00.

Oklo Stock Performance

Oklo stock opened at $22.55 on Wednesday. The company has a market capitalization of $3.13 billion, a PE ratio of -2.23 and a beta of -0.28. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $59.14. The firm has a 50 day moving average price of $35.83 and a 200 day moving average price of $24.97.

Oklo (NYSE:OKLO) last issued its quarterly earnings data on Monday, March 24th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). As a group, equities research analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on OKLO. Citigroup reduced their target price on shares of Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 25th. B. Riley upped their price objective on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Craig Hallum assumed coverage on Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 target price for the company. Finally, Wedbush reiterated an “outperform” rating and set a $45.00 price target on shares of Oklo in a report on Tuesday, March 25th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $44.25.

Institutional Trading of Oklo

A number of institutional investors and hedge funds have recently bought and sold shares of the business. TD Waterhouse Canada Inc. purchased a new position in shares of Oklo in the fourth quarter valued at approximately $27,000. Sandy Spring Bank purchased a new position in Oklo in the 4th quarter valued at approximately $32,000. CoreCap Advisors LLC acquired a new position in shares of Oklo in the fourth quarter worth $32,000. Covestor Ltd purchased a new stake in shares of Oklo during the fourth quarter worth $34,000. Finally, Anfield Capital Management LLC acquired a new stake in shares of Oklo in the fourth quarter valued at $43,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

About Oklo

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.