Oklo (NYSE:OKLO) Trading Down 0.1% Following Insider Selling

Oklo Inc. (NYSE:OKLO)’s stock price fell 0.1% during trading on Monday following insider selling activity. The stock traded as low as $21.10 and last traded at $22.37. 4,256,930 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 11,673,043 shares. The stock had previously closed at $22.39.

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

Wall Street Analyst Weigh In

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

Oklo Price Performance

The firm has a market cap of $3.13 billion, a P/E ratio of -2.23 and a beta of -0.28. The company’s 50-day moving average is $35.83 and its two-hundred day moving average is $24.97.

Oklo (NYSE:OKLO) last released its earnings results on Monday, March 24th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). On average, analysts expect that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Barclays PLC boosted its stake in shares of Oklo by 5.7% during the fourth quarter. Barclays PLC now owns 7,666 shares of the company’s stock valued at $163,000 after purchasing an additional 416 shares in the last quarter. Ancora Advisors LLC raised its holdings in Oklo by 18.2% in the 4th quarter. Ancora Advisors LLC now owns 4,610 shares of the company’s stock valued at $98,000 after buying an additional 710 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new stake in Oklo during the 4th quarter worth approximately $27,000. CoreCap Advisors LLC acquired a new stake in Oklo during the 4th quarter worth approximately $32,000. Finally, Sandy Spring Bank bought a new stake in Oklo during the 4th quarter worth approximately $32,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

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.