Insider Selling: Oklo (NYSE:OKLO) CEO Sells 140,000 Shares

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 140,000 shares of Oklo stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $52.98, for a total value of $7,417,200.00. Following the completion of the transaction, the chief executive officer directly owned 478,039 shares of the company’s stock, valued at approximately $25,326,506.22. This represents a 22.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 shares were 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 shares were 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 stock was 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 stock was sold at an average price of $69.61, for a total transaction of $4,176,600.00.

Oklo Stock Performance

Shares of NYSE:OKLO traded down $0.01 during trading on Thursday, reaching $52.44. 9,616,853 shares of the stock traded hands, compared to its average volume of 12,048,002. The stock has a market cap of $9.12 billion, a P/E ratio of -62.43 and a beta of 1.14. The stock has a 50-day moving average of $63.94 and a two-hundred day moving average of $68.23. Oklo Inc. has a 52-week low of $44.88 and a 52-week high of $193.84.

Oklo (NYSE:OKLO) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. During the same quarter in the previous year, the business earned ($0.07) earnings per share. Sell-side analysts expect that Oklo Inc. will post -0.73 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Oklo by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 11,637,504 shares of the company’s stock valued at $835,107,000 after purchasing an additional 44,036 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Oklo by 71.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company’s stock valued at $792,822,000 after buying an additional 2,968,981 shares in the last quarter. Van ECK Associates Corp grew its holdings in Oklo by 13.9% during the 4th quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock valued at $283,902,000 after buying an additional 481,288 shares in the last quarter. State Street Corp raised its position in shares of Oklo by 23.6% during the fourth quarter. State Street Corp now owns 3,060,220 shares of the company’s stock valued at $219,601,000 after buying an additional 584,184 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Oklo by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company’s stock valued at $201,671,000 after buying an additional 185,265 shares during the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.

More Oklo News

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: The U.S. Department of Energy approved the Documented Safety Analysis for Oklo’s Groves Isotope Test Reactor, moving it into the final pre-startup review phase and bringing the project closer to operational authorization. U.S. Department of Energy Approves Final Safety Analysis for Oklo’s Groves Isotope Test Reactor, Advancing the Project Toward Operational Authorization
• Positive Sentiment: Oklo said its Groves reactor, which will be used to produce isotopes, is on track to go live this month, reinforcing near-term progress on a project that could support medical and industrial isotope production. Why Oklo Stock Is Moving Today: DOE Approves Isotope Test Facility
• Positive Sentiment: Oklo’s CEI acquisition is being framed as strategically important because it brings sodium engineering in-house, which could speed Aurora reactor development and reduce execution risk. OKLO’s Latest Deal Brings Critical Engineering In-House
• Neutral Sentiment: Craig-Hallum kept a Hold rating on Oklo, signaling that not all analysts are chasing the recent rally despite the company’s progress. Craig-Hallum Keeps Their Hold Rating on Oklo Inc (OKLO)
• Neutral Sentiment: Broader articles on nuclear stocks and Oklo’s longer-term outlook add context, but they are less likely to be the main driver of the stock’s current move. Top Nuclear Stocks Worth Watching – July 1st
• Negative Sentiment: The stock could face some near-term skepticism because Oklo remains unprofitable and analysts still expect losses this year, which may limit upside if execution slows.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $122.00 price objective on shares of Oklo in a research report on Wednesday, May 13th. Tigress Financial began coverage on Oklo in a research report on Monday, April 27th. They issued a “buy” rating and a $130.00 target price for the company. HSBC initiated coverage on shares of Oklo in a research note on Thursday, April 23rd. They set a “buy” rating and a $96.00 target price on the stock. The Goldman Sachs Group reduced their price target on shares of Oklo from $91.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Finally, B. Riley Financial lowered their price objective on shares of Oklo from $129.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Oklo has an average rating of “Moderate Buy” and a consensus target price of $84.18.

Oklo Company Profile

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.