Jacob Dewitte Sells 140,000 Shares of Oklo (NYSE:OKLO) Stock

Oklo Inc. (NYSE:OKLO - Get Free Report) CEO Jacob Dewitte sold 140,000 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 478,039 shares in the company, valued at approximately $25,326,506.22. This trade represents a 22.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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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 value of $9,560,600.00.
• On Monday, June 1st, Jacob Dewitte sold 60,000 shares of Oklo stock. The stock was sold at an average price of $68.29, for a total value 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 value 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 value of $4,176,600.00.

Oklo Trading Down 0.0%

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OKLO opened at $52.44 on Friday. The stock's fifty day simple moving average is $63.73 and its 200 day simple moving average is $67.98. Oklo Inc. has a 1-year low of $44.88 and a 1-year high of $193.84. The stock has a market cap of $9.12 billion, a PE ratio of -62.43 and a beta of 1.14.

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Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($0.20) by $0.01. During the same quarter in the prior year, the firm earned ($0.07) EPS. Equities analysts forecast that Oklo Inc. will post -0.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on OKLO. Cantor Fitzgerald reiterated an "overweight" rating and issued a $122.00 price target on shares of Oklo in a research note on Wednesday, May 13th. Citigroup raised their price objective on shares of Oklo from $73.50 to $76.00 and gave the stock a "neutral" rating in a research report on Thursday, May 14th. Zacks Research upgraded Oklo from a "strong sell" rating to a "hold" rating in a report on Thursday, March 19th. UBS Group reduced their price objective on Oklo from $60.00 to $55.00 and set a "neutral" rating for the company in a report on Thursday, June 11th. Finally, Craig Hallum reaffirmed a "hold" rating on shares of Oklo in a research report on Wednesday, March 18th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $84.18.

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Read Our Latest Research Report on Oklo

Institutional Trading of Oklo

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Oklo by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 11,637,504 shares of the company's stock worth $835,107,000 after purchasing an additional 44,036 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Oklo by 71.8% in the third 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 during the period. Van ECK Associates Corp boosted its stake in shares of Oklo by 13.9% in the fourth 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 during the period. State Street Corp boosted its stake in shares of Oklo by 23.6% in 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 period. Finally, Geode Capital Management LLC grew its position in Oklo by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company's stock worth $201,671,000 after buying an additional 185,265 shares in the last quarter. Institutional investors own 85.03% of the company's stock.

Trending Headlines about Oklo

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 the project into the final pre-startup review phase and keeping the path open for a potential July launch. U.S. Department of Energy Approves Final Safety Analysis for Oklo's Groves Isotope Test Reactor
• Positive Sentiment: Investor interest was supported by reports that the Groves reactor is nearing go-live and could help Oklo build a domestic supply chain for medical and industrial isotopes, a potentially important commercial opportunity. How Investors May Respond To Oklo (OKLO) Advancing Groves Reactor To Final DOE Safety Review Phase
• Positive Sentiment: Oklo also said its CEI acquisition brings sodium engineering in-house, which could help accelerate Aurora reactor development and reduce execution risk. OKLO's Latest Deal Brings Critical Engineering In-House
• Neutral Sentiment: Craig-Hallum maintained a Hold rating on Oklo, suggesting analysts remain cautious even as project milestones improve. Craig-Hallum Keeps Their Hold Rating on Oklo Inc (OKLO)
• Negative Sentiment: CEO Jacob Dewitte sold 140,000 shares at an average price of $52.98, which may weigh on sentiment because insider selling can be viewed as a lack of near-term conviction. SEC Form 4 filing for Jacob Dewitte sale

Oklo Company Profile

(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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