Oklo (NYSE:OKLO) Shares Down 0.1% After Insider Selling

Shares of Oklo Inc. (NYSE:OKLO) were down 0.1% during trading on Monday after an insider sold shares in the company. The stock traded as low as $21.10 and last traded at $22.37. Approximately 4,256,930 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 11,673,043 shares. The stock had previously closed at $22.39.

Specifically, CEO Jacob Dewitte sold 41,000 shares of the firm’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $21.80, for a total value of $893,800.00. Following the sale, the chief executive officer now directly owns 10,852,926 shares in the company, valued at $236,593,786.80. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jacob Dewitte sold 35,365 shares of Oklo stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $25.15, for a total value of $889,429.75. Following the sale, the chief executive officer now directly owns 11,033,561 shares in the company, valued at approximately $277,494,059.15. This trade represents a 0.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Wall Street Analyst Weigh In

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

Oklo Stock Up 4.2 %

The firm has a market cap of $3.13 billion, a P/E ratio of -2.23 and a beta of -0.28. The firm has a fifty day moving average of $35.83 and a 200-day moving average of $24.97.

Oklo (NYSE:OKLO) last issued its earnings results on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). Sell-side analysts anticipate that Oklo Inc. will post -8.2 EPS for the current year.

Institutional Investors Weigh In On Oklo

Several large investors have recently modified their holdings of OKLO. TD Waterhouse Canada Inc. bought a new position in Oklo during the 4th quarter worth about $27,000. Sandy Spring Bank bought a new position in shares of Oklo during the fourth quarter worth about $32,000. CoreCap Advisors LLC acquired a new stake in Oklo in the 4th quarter valued at approximately $32,000. Covestor Ltd bought a new stake in Oklo in the 4th quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC acquired a new position in Oklo during the 4th quarter worth approximately $43,000. 85.03% of the stock is currently owned by institutional investors.

Oklo Company Profile

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.