Oklo (NYSE:OKLO) CEO Jacob Dewitte Sells 140,000 Shares

by · The Markets Daily

Oklo Inc. (NYSE:OKLO – Get Free Report) CEO Jacob Dewitte sold 140,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $50.39, for a total transaction of $7,054,600.00. Following the sale, the chief executive officer directly owned 656,483 shares in the company, valued at $33,080,178.37. This represents a 17.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Wednesday, April 1st, Jacob Dewitte sold 60,000 shares of Oklo stock. The stock was sold at an average price of $50.25, for a total value of $3,015,000.00.
  • On Friday, March 13th, Jacob Dewitte sold 44,828 shares of Oklo stock. The stock was sold at an average price of $60.00, for a total value of $2,689,680.00.
  • On Friday, March 13th, Jacob Dewitte sold 72,960 shares of Oklo stock. The shares were sold at an average price of $60.00, for a total value of $4,377,600.00.
  • On Monday, March 2nd, Jacob Dewitte sold 139,999 shares of Oklo stock. The shares were sold at an average price of $63.59, for a total value of $8,902,536.41.
  • On Monday, March 2nd, Jacob Dewitte sold 60,001 shares of Oklo stock. The stock was 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 shares were 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 shares were 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 stock was sold at an average price of $100.01, for a total transaction of $345,534.55.

Oklo Stock Up 0.0%

NYSE:OKLO traded up $0.02 during mid-day trading on Friday, reaching $48.15. 5,519,631 shares of the company were exchanged, compared to its average volume of 8,817,214. The stock has a market cap of $8.36 billion, a PE ratio of -66.87 and a beta of 0.93. Oklo Inc. has a 12 month low of $17.42 and a 12 month high of $193.84. The company has a fifty day moving average of $64.62 and a 200 day moving average of $93.16.

Oklo (NYSE:OKLO – Get Free Report) last announced its earnings results on Tuesday, March 17th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.10). During the same period in the prior year, the company earned ($0.74) EPS. On average, equities research analysts anticipate that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OKLO. Wedbush reaffirmed an “outperform” rating on shares of Oklo in a report on Friday, January 9th. HC Wainwright reissued a “buy” rating and issued a $90.00 target price on shares of Oklo in a research note on Wednesday, March 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $122.00 price target on shares of Oklo in a research note on Wednesday, March 18th. Canaccord Genuity Group decreased their price target on Oklo from $175.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Finally, Needham & Company LLC lowered their price objective on Oklo from $135.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Oklo has a consensus rating of “Moderate Buy” and an average target price of $84.30.

Check Out Our Latest Analysis on Oklo

Hedge Funds Weigh In On Oklo

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in Oklo by 162.6% during the 1st quarter. Royal Bank of Canada now owns 92,850 shares of the company’s stock worth $2,009,000 after acquiring an additional 57,497 shares during the period. AQR Capital Management LLC acquired a new position in shares of Oklo in the 1st quarter valued at $519,000. Millennium Management LLC boosted its position 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 worth $12,589,000 after purchasing an additional 570,532 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Oklo by 165.6% in the 1st quarter. NewEdge Advisors LLC now owns 15,672 shares of the company’s stock worth $339,000 after purchasing an additional 9,772 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Oklo by 90.9% during 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 worth $2,439,000 after purchasing an additional 53,703 shares during the period. 85.03% of the stock is owned by institutional investors.

About Oklo

(Get Free Report)

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.

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