Richard Craig Bealmear Sells 16,342 Shares of Oklo (NYSE:OKLO) Stock
by Tristan Rich · The Markets DailyOklo Inc. (NYSE:OKLO – Get Free Report) CFO Richard Craig Bealmear sold 16,342 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $51.08, for a total transaction of $834,749.36. Following the completion of the sale, the chief financial officer directly owned 386,008 shares in the company, valued at approximately $19,717,288.64. This represents a 4.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Richard Craig Bealmear also recently made the following trade(s):
- On Friday, March 13th, Richard Craig Bealmear sold 72,090 shares of Oklo stock. The stock was sold at an average price of $60.00, for a total transaction of $4,325,400.00.
- On Monday, February 2nd, Richard Craig Bealmear sold 9,726 shares of Oklo stock. The shares were sold at an average price of $76.93, for a total value of $748,221.18.
Oklo Price Performance
Shares of OKLO traded up $0.02 during mid-day trading on Friday, reaching $48.15. 5,519,631 shares of the company’s stock traded hands, compared to its average volume of 8,817,214. The stock’s 50-day moving average is $64.62 and its two-hundred day moving average is $93.16. Oklo Inc. has a 12 month low of $17.42 and a 12 month high of $193.84. The stock has a market cap of $8.36 billion, a P/E ratio of -66.87 and a beta of 0.93.
Oklo (NYSE:OKLO – Get Free Report) last announced its quarterly earnings data on Tuesday, March 17th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.10). During the same quarter in the prior year, the company earned ($0.74) earnings per share. Research analysts predict that Oklo Inc. will post -8.2 earnings per share for the current year.
Hedge Funds Weigh In On Oklo
Several institutional investors have recently bought and sold shares of OKLO. NBC Securities Inc. lifted its holdings in Oklo by 75.0% during the fourth quarter. NBC Securities Inc. now owns 350 shares of the company’s stock worth $25,000 after buying an additional 150 shares during the period. GAMMA Investing LLC increased its holdings in shares of Oklo by 356.3% in the 4th quarter. GAMMA Investing LLC now owns 365 shares of the company’s stock valued at $26,000 after acquiring an additional 285 shares during the period. Armstrong Advisory Group Inc. bought a new position in shares of Oklo in the 3rd quarter worth $27,000. Elevation Point Wealth Partners LLC bought a new position in shares of Oklo in the 2nd quarter worth $28,000. Finally, Gables Capital Management Inc. purchased a new stake in shares of Oklo during the 3rd quarter worth $28,000. 85.03% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
OKLO has been the topic of a number of research analyst reports. The Goldman Sachs Group dropped their target price on shares of Oklo from $91.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Texas Capital upgraded Oklo to a “strong-buy” rating in a report on Tuesday, January 27th. Bank of America raised Oklo from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $111.00 to $127.00 in a research note on Wednesday, January 21st. Zacks Research upgraded Oklo from a “strong sell” rating to a “hold” rating in a report on Thursday, March 19th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $90.00 target price on shares of Oklo in a research report on Wednesday, March 18th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Oklo has an average rating of “Moderate Buy” and a consensus target price of $84.30.
Check Out Our Latest Research Report on OKLO
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.