Jacob Dewitte Sells 41,000 Shares of Oklo Inc. (NYSE:OKLO) Stock

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 41,000 shares of the business’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $21.80, for a total transaction of $893,800.00. Following the sale, the chief executive officer now directly owns 10,852,926 shares of the company’s stock, valued at approximately $236,593,786.80. The trade was a 0.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Jacob Dewitte also recently made the following trade(s):

• On Thursday, March 27th, Jacob Dewitte sold 35,365 shares of Oklo stock. The shares were sold at an average price of $25.15, for a total value of $889,429.75.

Oklo Trading Up 4.2 %

NYSE:OKLO opened at $22.55 on Wednesday. The stock has a 50-day moving average price of $35.83 and a 200 day moving average price of $24.97. The stock has a market capitalization of $3.13 billion, a P/E ratio of -2.23 and a beta of -0.28. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $59.14.

Oklo (NYSE:OKLO) last issued its earnings results 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). On average, research analysts predict that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oklo

Several large investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Oklo during the third quarter valued at approximately $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Oklo during the 3rd quarter valued at approximately $104,000. Atom Investors LP purchased a new position in shares of Oklo in the third quarter valued at $657,000. HITE Hedge Asset Management LLC bought a new stake in Oklo in the third quarter worth $19,753,000. Finally, Point72 Asset Management L.P. purchased a new stake in Oklo during the third quarter valued at $1,023,000. 85.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on OKLO shares. B. Riley raised their price objective on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Wedbush restated an “outperform” rating and set a $45.00 target price on shares of Oklo in a research note on Tuesday, March 25th. Craig Hallum initiated coverage on shares of Oklo in a research report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price target for the company. Finally, Citigroup reduced 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. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.25.

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.