Oklo (NYSE:OKLO) CEO Jacob Dewitte Sells 139,999 Shares of Stock

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 139,999 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $63.59, for a total transaction of $8,902,536.41. Following the sale, the chief executive officer owned 679,024 shares of the company’s stock, valued at $43,179,136.16. This represents a 17.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jacob Dewitte also recently made the following trade(s):

• On Monday, March 2nd, Jacob Dewitte sold 60,001 shares of Oklo stock. The shares were sold at an average price of $62.60, for a total value of $3,756,062.60.
• On Monday, February 2nd, Jacob Dewitte sold 140,000 shares of Oklo stock. The stock was sold at an average price of $75.18, for a total value of $10,525,200.00.
• On Monday, February 2nd, Jacob Dewitte sold 60,000 shares of Oklo stock. The shares were sold at an average price of $74.45, for a total value of $4,467,000.00.
• On Friday, January 9th, Jacob Dewitte sold 64,888 shares of Oklo stock. The stock was sold at an average price of $112.03, for a total value of $7,269,402.64.
• On Friday, January 9th, Jacob Dewitte sold 26,740 shares of Oklo stock. The stock was sold at an average price of $111.38, for a total value of $2,978,301.20.
• On Thursday, January 8th, Jacob Dewitte sold 3,455 shares of Oklo stock. The shares were sold at an average price of $100.01, for a total transaction of $345,534.55.
• On Thursday, January 8th, Jacob Dewitte sold 1,255 shares of Oklo stock. The shares were sold at an average price of $100.00, for a total transaction of $125,500.00.
• On Wednesday, January 7th, Jacob Dewitte sold 231,657 shares of Oklo stock. The stock was sold at an average price of $99.25, for a total transaction of $22,991,957.25.
• On Wednesday, January 7th, Jacob Dewitte sold 92,005 shares of Oklo stock. The shares were sold at an average price of $98.03, for a total transaction of $9,019,250.15.
• On Monday, January 5th, Jacob Dewitte sold 200,000 shares of Oklo stock. The stock was sold at an average price of $90.29, for a total transaction of $18,058,000.00.

Oklo Price Performance

Shares of NYSE:OKLO traded up $2.33 during mid-day trading on Wednesday, reaching $65.63. 6,142,923 shares of the company were exchanged, compared to its average volume of 11,162,957. The firm has a market cap of $10.25 billion, a price-to-earnings ratio of -121.54 and a beta of 0.80. The firm’s 50-day simple moving average is $78.68 and its 200 day simple moving average is $95.97. Oklo Inc. has a 1 year low of $17.42 and a 1 year high of $193.84.

Institutional Investors Weigh In On Oklo

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its holdings in Oklo by 162.6% during the first quarter. Royal Bank of Canada now owns 92,850 shares of the company’s stock worth $2,009,000 after purchasing an additional 57,497 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of Oklo in the 1st quarter valued at $519,000. Millennium Management LLC raised its stake in Oklo by 4,974.1% during the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock worth $12,589,000 after acquiring an additional 570,532 shares in the last quarter. NewEdge Advisors LLC lifted its position in Oklo by 165.6% in the first quarter. NewEdge Advisors LLC now owns 15,672 shares of the company’s stock valued at $339,000 after acquiring an additional 9,772 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Oklo by 90.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 112,772 shares of the company’s stock valued at $2,439,000 after acquiring an additional 53,703 shares during the last quarter. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on OKLO. The Goldman Sachs Group reiterated a “neutral” rating and issued a $106.00 price objective on shares of Oklo in a report on Friday, January 9th. Bank of America upgraded shares of Oklo from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $111.00 to $127.00 in a research note on Wednesday, January 21st. Wedbush reissued an “outperform” rating on shares of Oklo in a research report on Friday, January 9th. UBS Group restated a “neutral” rating on shares of Oklo in a report on Monday, January 12th. Finally, Texas Capital raised shares of Oklo to a “strong-buy” rating in a research note on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $98.93.

About Oklo

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.