Oklo (NYSE:OKLO) Insider Sells $41,129.00 in Stock

Oklo Inc. (NYSE:OKLO) insider John Hanson sold 1,100 shares of the firm’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $37.39, for a total value of $41,129.00. Following the transaction, the insider directly owned 361,350 shares in the company, valued at approximately $13,510,876.50. This represents a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

John Hanson also recently made the following trade(s):

• On Monday, August 24th, John Hanson sold 539 shares of Oklo stock. The shares were sold at an average price of $39.77, for a total value of $21,436.03.

Oklo Stock Performance

Oklo stock traded down $0.04 during mid-day trading on Tuesday, reaching $37.07. 7,454,413 shares of the company were exchanged, compared to its average volume of 11,222,367. Oklo Inc. has a twelve month low of $34.38 and a twelve month high of $193.84. The firm’s 50-day simple moving average is $41.18 and its two-hundred day simple moving average is $52.55. The firm has a market cap of $6.90 billion, a PE ratio of -39.44 and a beta of 1.18.

Oklo (NYSE:OKLO) last announced its earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The business had revenue of $1.21 million during the quarter, compared to the consensus estimate of $0.09 million. The company’s revenue was up 11900.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.18) EPS. As a group, equities research analysts anticipate that Oklo Inc. will post -0.96 EPS for the current year.

Analyst Upgrades and Downgrades

OKLO has been the topic of several recent research reports. Truist Financial set a $51.00 price objective on shares of Oklo in a research note on Monday. Weiss Ratings restated a “sell (d-)” rating on shares of Oklo in a research note on Friday, August 7th. Citigroup lowered their target price on shares of Oklo from $76.00 to $57.50 and set a “neutral” rating on the stock in a report on Monday, August 10th. HC Wainwright reiterated a “buy” rating and set a $90.00 price target on shares of Oklo in a research note on Monday, August 10th. Finally, Canaccord Genuity Group cut their price target on shares of Oklo from $125.00 to $100.00 and set a “buy” rating for the company in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $82.44.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OKLO. Van ECK Associates Corp lifted its holdings in Oklo by 13.9% in the fourth quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock valued at $283,902,000 after acquiring an additional 481,288 shares during the period. Geode Capital Management LLC boosted its position in shares of Oklo by 7.0% during the 4th quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company’s stock worth $201,671,000 after purchasing an additional 185,265 shares in the last quarter. Norges Bank acquired a new position in shares of Oklo during the 4th quarter worth $73,786,000. Clear Street Group Inc. grew its stake in shares of Oklo by 110.5% during the 4th quarter. Clear Street Group Inc. now owns 842,172 shares of the company’s stock worth $60,434,000 after purchasing an additional 442,172 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Oklo by 55.3% in the 1st quarter. Bank of America Corp DE now owns 620,281 shares of the company’s stock valued at $30,760,000 after purchasing an additional 220,976 shares in the last quarter. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Company Profile

Oklo Inc is an advanced nuclear technology company focused on developing and commercializing small-scale fission power plants. The company’s flagship product, the Aurora powerhouse, is designed to provide reliable, long-term electricity and heat using advanced nuclear reactor technology. Oklo is targeting applications such as industrial operations, data centers, defense facilities and other customers that require dependable, low-carbon energy.

Oklo is also developing fuel-recycling capabilities intended to use certain forms of nuclear fuel more efficiently and reduce the volume of nuclear waste requiring disposal.