Oklo Inc. (NYSE:OKLO) Director Sells $6,353,000.00 in Stock

Oklo Inc. (NYSE:OKLOGet Free Report) Director Michael Stuart Klein sold 100,000 shares of Oklo stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $63.53, for a total value of $6,353,000.00. Following the transaction, the director now owns 400,000 shares in the company, valued at $25,412,000. This trade represents a 20.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Michael Stuart Klein also recently made the following trade(s):

  • On Monday, June 23rd, Michael Stuart Klein sold 50,000 shares of Oklo stock. The stock was sold at an average price of $54.85, for a total value of $2,742,500.00.
  • On Friday, June 20th, Michael Stuart Klein sold 150,000 shares of Oklo stock. The stock was sold at an average price of $62.74, for a total transaction of $9,411,000.00.

Oklo Trading Down 8.5%

Oklo stock opened at $55.53 on Thursday. The company has a market cap of $7.75 billion, a P/E ratio of -10.26 and a beta of 0.58. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $73.55. The company has a fifty day simple moving average of $41.85 and a 200 day simple moving average of $33.87.

Oklo (NYSE:OKLOGet Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. On average, equities research analysts forecast that Oklo Inc. will post -8.2 EPS for the current year.

Analyst Upgrades and Downgrades

OKLO has been the subject of several research analyst reports. BTIG Research began coverage on shares of Oklo in a report on Friday, April 11th. They issued a “neutral” rating for the company. Seaport Res Ptn raised shares of Oklo from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 9th. CLSA raised Oklo from an “outperform” rating to a “moderate buy” rating and lifted their price target for the company from $50.00 to $74.00 in a research note on Tuesday, May 27th. HC Wainwright assumed coverage on Oklo in a report on Wednesday, April 23rd. They issued a “buy” rating and a $55.00 price target on the stock. Finally, Citigroup reiterated a “neutral” rating on shares of Oklo in a report on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.50.

Get Our Latest Analysis on Oklo

Institutional Trading of Oklo

Institutional investors and hedge funds have recently bought and sold shares of the stock. TD Waterhouse Canada Inc. bought a new position in Oklo in the fourth quarter valued at approximately $27,000. CoreCap Advisors LLC bought a new stake in shares of Oklo during the 4th quarter worth approximately $32,000. Sandy Spring Bank acquired a new stake in shares of Oklo in the 4th quarter valued at approximately $32,000. Covestor Ltd bought a new position in shares of Oklo in the fourth quarter valued at $34,000. Finally, KBC Group NV acquired a new position in Oklo during the first quarter worth $36,000. Institutional investors own 85.03% of the company’s stock.

About Oklo

(Get Free Report)

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.

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