Key Points
- CFO Richard Craig Bealmear sold 16,342 shares on April 1 at an average price of $51.08 for roughly $834,749, leaving him with 386,008 shares (a 4.06% reduction in his holding).
- The April sale is part of a string of insider disposals — he also sold 72,090 shares on March 13 (avg. $60) and 9,726 shares on February 2 (avg. $76.93).
- Oklo is still unprofitable (last quarter EPS -$0.27 missed estimates and analysts expect -8.2 EPS for the year), the share price is volatile (1‑year range $17.42–$193.84), and institutional investors own about 85.03% of the stock.
Oklo Inc. (NYSE:OKLO - Get Free Report) CFO Richard Craig Bealmear sold 16,342 shares of the business's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $51.08, for a total value of $834,749.36. Following the completion of the transaction, the chief financial officer directly owned 386,008 shares of the company's stock, valued at $19,717,288.64. The trade was a 4.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Richard Craig Bealmear also recently made the following trade(s):
- On Friday, March 13th, Richard Craig Bealmear sold 72,090 shares of Oklo stock. The stock was sold at an average price of $60.00, for a total transaction of $4,325,400.00.
- On Monday, February 2nd, Richard Craig Bealmear sold 9,726 shares of Oklo stock. The shares were sold at an average price of $76.93, for a total transaction of $748,221.18.
Oklo Stock Performance
Shares of NYSE OKLO opened at $48.15 on Friday. Oklo Inc. has a 1 year low of $17.42 and a 1 year high of $193.84. The company has a market capitalization of $8.36 billion, a PE ratio of -66.87 and a beta of 0.93. The company's fifty day moving average price is $63.84 and its 200 day moving average price is $92.83.
Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings data on Tuesday, March 17th. The company reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.10). During the same quarter in the prior year, the business posted ($0.74) EPS. On average, equities analysts expect that Oklo Inc. will post -8.2 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on OKLO shares. B. Riley Financial lowered their price objective on Oklo from $129.00 to $92.00 and set a "buy" rating on the stock in a research note on Wednesday, March 18th. HC Wainwright reiterated a "buy" rating and set a $90.00 price target on shares of Oklo in a report on Wednesday, March 18th. Texas Capital raised shares of Oklo to a "strong-buy" rating in a research report on Tuesday, January 27th. Bank of America raised shares of Oklo from a "neutral" rating to a "buy" rating and upped their price objective for the company from $111.00 to $127.00 in a report on Wednesday, January 21st. Finally, Canaccord Genuity Group reduced their target price on shares of Oklo from $175.00 to $125.00 and set a "buy" rating on the stock in a research note on Wednesday, March 18th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $84.30.
View Our Latest Research Report on Oklo
Institutional Investors Weigh In On Oklo
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Oklo by 71.8% in 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 purchasing an additional 2,968,981 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Oklo by 33.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,593,468 shares of the company's stock worth $1,294,179,000 after purchasing an additional 2,901,909 shares during the period. State Street Corp increased its position in shares of Oklo by 454.5% during the 2nd quarter. State Street Corp now owns 2,138,658 shares of the company's stock worth $119,743,000 after purchasing an additional 1,752,946 shares during the last quarter. Van ECK Associates Corp raised its holdings in Oklo by 61.0% in the 3rd quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company's stock valued at $387,914,000 after buying an additional 1,316,867 shares during the period. Finally, Norges Bank acquired a new position in Oklo in the fourth quarter valued at about $73,786,000. Institutional investors and hedge funds own 85.03% of the company's stock.
About Oklo
(
Get Free Report)
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.
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