Oklo (NYSE:OKLO) Stock: Insider John Hanson Sells 1,034 Shares

Oklo Inc. (NYSE:OKLO - Get Free Report) insider John Hanson sold 1,034 shares of the company's stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $26.71, for a total transaction of $27,618.14. Following the completion of the transaction, the insider owned 361,277 shares in the company, valued at approximately $9,649,708.67. The trade was a 0.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

• MarketBeat Week in Review – 08/10 - 08/14

John Hanson also recently made the following trade(s):

• On Monday, September 28th, John Hanson sold 1,100 shares of Oklo stock. The shares were sold at an average price of $37.39, for a total transaction of $41,129.00.
• On Monday, August 24th, John Hanson sold 539 shares of Oklo stock. The shares were sold at an average price of $39.77, for a total transaction of $21,436.03.

Oklo Stock Down 7.0%

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Shares of OKLO opened at $23.49 on Tuesday. The company has a market capitalization of $4.37 billion, a P/E ratio of -24.99 and a beta of 1.20. The firm has a 50 day moving average of $35.15 and a 200 day moving average of $53.77. Oklo Inc. has a twelve month low of $23.44 and a twelve month high of $132.11.

• Oklo’s Revenue Transition Gives Bulls a New Reason to Watch

Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The company had revenue of $1.21 million during the quarter, compared to analyst estimates of $0.09 million. During the same quarter in the previous year, the business earned ($0.18) earnings per share. The company's quarterly revenue was up 11900.0% compared to the same quarter last year. On average, sell-side analysts expect that Oklo Inc. will post -1.01 EPS for the current year.

Institutional Investors Weigh In On Oklo

A number of institutional investors and hedge funds have recently bought and sold shares of OKLO. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Oklo in the third quarter worth about $11,483,000. Pilgrim Partners Asia Pte Ltd grew its position in shares of Oklo by 66.0% during the third quarter. Pilgrim Partners Asia Pte Ltd now owns 1,660 shares of the company's stock worth $61,000 after purchasing an additional 660 shares in the last quarter. International Assets Investment Management LLC raised its stake in Oklo by 159.5% during the 3rd quarter. International Assets Investment Management LLC now owns 30,000 shares of the company's stock valued at $1,111,000 after purchasing an additional 18,438 shares during the period. Choreo LLC raised its stake in Oklo by 4.1% during the 3rd quarter. Choreo LLC now owns 10,478 shares of the company's stock valued at $388,000 after purchasing an additional 412 shares during the period. Finally, BOKF NA raised its stake in Oklo by 172.7% during the 3rd quarter. BOKF NA now owns 30,000 shares of the company's stock valued at $1,111,000 after purchasing an additional 19,000 shares during the period. 85.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

• Nano Nuclear’s Air Force Contract Puts Its Short-Squeeze Setup in Focus

A number of brokerages have weighed in on OKLO. Piper Sandler decreased their target price on shares of Oklo from $55.00 to $49.00 and set an "overweight" rating for the company in a research note on Monday, October 19th. TD Cowen assumed coverage on shares of Oklo in a report on Monday, October 26th. They issued a "hold" rating and a $26.00 price objective on the stock. UBS Group cut their target price on shares of Oklo from $55.00 to $41.00 and set a "neutral" rating for the company in a research report on Friday, September 25th. HC Wainwright reaffirmed a "buy" rating and set a $90.00 target price on shares of Oklo in a report on Monday, August 10th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Oklo in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $73.83.

View Our Latest Report on Oklo

Oklo Company Profile

(Get Free Report)

Oklo Inc is an advanced nuclear technology company developing compact fission power plants designed to provide reliable, carbon-free electricity. Its flagship product, the Aurora powerhouse, is a small modular reactor intended to operate with a high degree of fuel efficiency and to supply power directly to customers such as utilities, industrial facilities, data centers and other energy-intensive operations.

The company is also developing fuel-recycling capabilities intended to convert used nuclear fuel and other material into fuel for advanced reactors.

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