William Carroll Murphy Goodwin Sells 10,548 Shares of Oklo (NYSE:OKLO) Stock

by · The Cerbat Gem

Oklo Inc. (NYSE:OKLOGet Free Report) insider William Carroll Murphy Goodwin sold 10,548 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $58.04, for a total value of $612,205.92. Following the transaction, the insider owned 36,175 shares in the company, valued at approximately $2,099,597. This represents a 22.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

William Carroll Murphy Goodwin also recently made the following trade(s):

  • On Monday, March 9th, William Carroll Murphy Goodwin sold 2,820 shares of Oklo stock. The stock was sold at an average price of $56.69, for a total value of $159,865.80.

Oklo Stock Up 4.0%

Shares of Oklo stock traded up $2.51 on Thursday, hitting $65.09. 10,179,341 shares of the company were exchanged, compared to its average volume of 11,767,521. The stock has a market capitalization of $11.33 billion, a price-to-earnings ratio of -77.49 and a beta of 1.16. The company has a 50-day moving average price of $60.83 and a 200 day moving average price of $77.01. Oklo Inc. has a 1-year low of $35.85 and a 1-year high of $193.84.

Oklo (NYSE:OKLOGet Free Report) last issued its earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.01. During the same period last year, the firm earned ($0.07) EPS. Research analysts forecast that Oklo Inc. will post -0.77 EPS for the current year.

Wall Street Analyst Weigh In

OKLO has been the topic of several recent research reports. Barclays lowered their target price on Oklo from $146.00 to $82.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Citigroup boosted their target price on Oklo from $73.50 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Bank of America upgraded Oklo from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $111.00 to $127.00 in a report on Wednesday, January 21st. Zacks Research raised shares of Oklo from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. Finally, Wolfe Research began coverage on shares of Oklo in a research report on Tuesday. They set a “peer perform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Oklo has an average rating of “Moderate Buy” and a consensus target price of $85.33.

Read Our Latest Stock Report on OKLO

Oklo News Roundup

Here are the key news stories impacting Oklo this week:

Institutional Trading of Oklo

Several institutional investors have recently made changes to their positions in the company. Western Wealth Management LLC purchased a new stake in shares of Oklo during the 1st quarter valued at approximately $130,000. Silicon Valley Capital Partners raised its position in shares of Oklo by 155.8% during the 1st quarter. Silicon Valley Capital Partners now owns 1,862 shares of the company’s stock valued at $92,000 after buying an additional 1,134 shares during the period. Bank of America Corp DE raised its position in shares of Oklo by 55.3% during the 1st quarter. Bank of America Corp DE now owns 620,281 shares of the company’s stock valued at $30,760,000 after buying an additional 220,976 shares during the period. MSA Advisors LLC purchased a new stake in shares of Oklo during the 1st quarter valued at approximately $227,000. Finally, Amundi raised its position in shares of Oklo by 59.0% during the 1st quarter. Amundi now owns 164,824 shares of the company’s stock valued at $8,174,000 after buying an additional 61,161 shares during the period. Hedge funds and other institutional investors own 85.03% of the company’s stock.

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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