Oklo (NYSE:OKLO) CEO Jacob Dewitte Sells 60,000 Shares

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 60,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $52.80, for a total value of $3,168,000.00. Following the transaction, the chief executive officer directly owned 511,533 shares in the company, valued at approximately $27,008,942.40. The trade was a 10.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Wednesday, July 1st, Jacob Dewitte sold 140,000 shares of Oklo stock. The stock was sold at an average price of $52.98, for a total value of $7,417,200.00.
• On Monday, June 1st, Jacob Dewitte sold 140,000 shares of Oklo stock. The stock was 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 shares were 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 shares were sold at an average price of $69.61, for a total value of $4,176,600.00.

Oklo Stock Performance

Oklo stock opened at $49.37 on Friday. The stock has a market cap of $8.59 billion, a PE ratio of -58.77 and a beta of 1.14. The stock has a 50-day moving average of $61.41 and a two-hundred day moving average of $66.90. Oklo Inc. has a one year low of $44.88 and a one year high of $193.84.

Oklo (NYSE:OKLO) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. During the same period in the previous year, the business posted ($0.07) EPS. As a group, sell-side analysts predict that Oklo Inc. will post -0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on OKLO shares. Canaccord Genuity Group cut their price objective on Oklo from $175.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Wolfe Research initiated coverage on shares of Oklo in a report on Tuesday, May 19th. They issued a “peer perform” rating for the company. HC Wainwright reaffirmed a “buy” rating and set a $90.00 target price on shares of Oklo in a research note on Wednesday, March 18th. Zacks Research upgraded shares of Oklo from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. Finally, HSBC initiated coverage on Oklo in a research note on Thursday, April 23rd. They issued a “buy” rating and a $96.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $84.18.

More Oklo News

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Traders bought an unusually high volume of call options on Oklo, suggesting rising bullish speculation that the stock could move higher. Oklo Inc Class A Shares OKLO
• Positive Sentiment: Oklo was highlighted in new “best nuclear stocks” and “powerful nuclear energy stocks” articles, reflecting continued momentum around nuclear names as investors look for AI/data-center power beneficiaries. Best Nuclear Stocks Worth Watching – July 8th
• Positive Sentiment: The U.S. Department of Energy approved the Documented Safety Analysis for Oklo’s Groves Isotope Test Reactor in Texas, a regulatory milestone that supports progress on its advanced nuclear projects. Oklo (OKLO) Gains A Regulatory Win As Investors Weigh Its Valuation
• Neutral Sentiment: Oklo was included in an IPO-themed article as a high-upside nuclear stock, which may keep it on traders’ watchlists but does not change fundamentals directly. 5 Best IPO Stocks with Huge Upside Potential
• Negative Sentiment: CEO Jacob Dewitte sold 60,000 shares, a transaction that can pressure sentiment because investors often view insider selling cautiously. SEC Form 4 filing
• Negative Sentiment: Recent commentary also noted that Oklo’s share price has been weak over the past month and remains highly sensitive to valuation concerns, which may limit upside even after the regulatory win. Oklo (OKLO) Gains A Regulatory Win As Investors Weigh Its Valuation

Institutional Investors Weigh In On Oklo

Several hedge funds and other institutional investors have recently bought and sold shares of OKLO. Royal Bank of Canada raised its stake 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 during the period. AQR Capital Management LLC purchased a new stake in shares of Oklo in the 1st quarter valued at approximately $519,000. Millennium Management LLC grew its stake in shares of Oklo by 4,974.1% in the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after buying an additional 570,532 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Oklo by 165.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,672 shares of the company’s stock worth $339,000 after buying an additional 9,772 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Oklo by 90.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 112,772 shares of the company’s stock worth $2,439,000 after buying an additional 53,703 shares during the last quarter. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Oklo Company Profile

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.