Jacob Dewitte Sells 230,569 Shares of Oklo Inc. (NYSE:OKLO) Stock

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 230,569 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $21.61, for a total value of $4,982,596.09. Following the completion of the sale, the chief executive officer now directly owns 12,543,085 shares in the company, valued at $271,056,066.85. This represents a 1.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Oklo Price Performance

Oklo stock opened at $23.61 on Wednesday. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $28.12. The firm’s 50 day simple moving average is $20.97 and its 200-day simple moving average is $12.62.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Citigroup reduced their price objective on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a research report on Friday, September 6th. B. Riley began coverage on Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price objective for the company. Finally, Wedbush started coverage on Oklo in a report on Thursday, December 19th. They issued an “outperform” rating and a $26.00 target price on the stock.

Hedge Funds Weigh In On Oklo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OKLO. Peapack Gladstone Financial Corp purchased a new stake in shares of Oklo in the third quarter valued at $100,000. Sanctuary Advisors LLC acquired a new position in Oklo during the third quarter valued at $100,000. Barclays PLC purchased a new stake in Oklo in the 3rd quarter worth about $58,000. Geode Capital Management LLC purchased a new position in Oklo during the 3rd quarter valued at about $5,971,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Oklo in the 3rd quarter valued at about $94,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

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.