Oklo (NYSE:OKLO) CEO Jacob Dewitte Sells 40,000 Shares of Stock

Oklo Inc. (NYSE:OKLO) CEO Jacob DeWitte sold 40,000 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $24.64, for a total transaction of $985,600.00. Following the transaction, the chief executive officer owned 351,533 shares in the company, valued at $8,661,773.12. The trade was a 10.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 1st, Jacob DeWitte sold 80,000 shares of Oklo stock. The stock was sold at an average price of $36.67, for a total transaction of $2,933,600.00.
• On Thursday, October 1st, Jacob DeWitte sold 40,000 shares of Oklo stock. The stock was sold at an average price of $36.19, for a total transaction of $1,447,600.00.
• On Tuesday, September 1st, Jacob DeWitte sold 80,000 shares of Oklo stock. The shares were sold at an average price of $38.69, for a total transaction of $3,095,200.00.
• On Tuesday, September 1st, Jacob DeWitte sold 40,000 shares of Oklo stock. The shares were sold at an average price of $38.40, for a total transaction of $1,536,000.00.

Oklo Stock Performance

Shares of NYSE OKLO traded down $1.45 during trading on Wednesday, hitting $22.04. 12,652,039 shares of the company traded hands, compared to its average volume of 11,010,423. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of -23.45 and a beta of 1.31. The business’s fifty day moving average is $34.83 and its 200 day moving average is $53.41. Oklo Inc. has a fifty-two week low of $21.65 and a fifty-two week high of $123.44.

Oklo (NYSE:OKLO) last issued its earnings results on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The firm had revenue of $1.21 million during the quarter, compared to the consensus estimate of $0.09 million. Oklo’s revenue for the quarter was up 11900.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.18) EPS. On average, analysts predict that Oklo Inc. will post -1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on OKLO shares. UBS Group cut their price target on Oklo from $55.00 to $41.00 and set a “neutral” rating on the stock in a report on Friday, September 25th. Truist Financial lowered their target price on Oklo from $51.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, October 22nd. B. Riley Financial lowered their target price on Oklo from $92.00 to $61.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. TD Cowen assumed coverage on Oklo in a report on Monday, October 26th. They issued a “hold” rating and a $26.00 target price on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Oklo in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.72.

Key Headlines Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Wedbush initiated coverage with an Outperform rating and a $36 target, implying potential upside from recent levels. However, its target was also reported as a steep cut from $110, reflecting a more cautious valuation. Wedbush target article
• Positive Sentiment: Oklo has achieved low-power criticality at its Groves site and has substantial cash to fund development. Progress toward its Aurora reactor, manufacturing capacity and fuel initiatives could strengthen the longer-term outlook, although commercialization remains ahead. Fool article on Oklo’s reactor plans
• Neutral Sentiment: Two insiders sold small amounts of stock to cover tax withholding on vested equity awards, while retaining substantial holdings. The stated reason and modest size make the sales less concerning than discretionary insider selling. Insider trade details
• Negative Sentiment: Oklo is among the most heavily shorted utility stocks in its market-cap group, potentially amplifying volatility and reflecting significant investor skepticism. Short-interest report
• Negative Sentiment: Recent coverage highlights rising development costs, a history of earnings misses and a long wait before the business can scale reactor operations and revenue. The stock has fallen sharply over the past week and reached a new 52-week low, intensifying concerns about its high valuation and execution risks ahead of Q3 results. TIKR share-performance analysis Zacks analyst outlook

Hedge Funds Weigh In On Oklo

Several large investors have recently added to or reduced their stakes in OKLO. Sei Investments Co. increased its holdings in Oklo by 344.6% during the 1st quarter. Sei Investments Co. now owns 50,096 shares of the company’s stock worth $2,484,000 after purchasing an additional 38,829 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Oklo by 55.3% in the first quarter. Bank of America Corp DE now owns 620,281 shares of the company’s stock worth $30,760,000 after purchasing an additional 220,976 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Oklo in the second quarter valued at approximately $2,096,000. Hsbc Holdings PLC lifted its holdings in shares of Oklo by 1,184.4% in the fourth quarter. Hsbc Holdings PLC now owns 112,372 shares of the company’s stock valued at $8,063,000 after purchasing an additional 103,623 shares in the last quarter. Finally, Optiver Holding B.V. bought a new position in shares of Oklo in the first quarter valued at approximately $2,414,000. Institutional investors own 85.03% of the company’s stock.

Oklo Company Profile

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.