Oklo Inc. CEO Jacob Dewitte Sells Shares

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte has recently sold 35,365 shares of the company's stock. This transaction took place on Thursday, March 27th, at an average price of $25.15 per share, resulting in a total value of approximately $889,429.75. After this sale, Dewitte retains ownership of 11,033,561 shares, which are valued at around $277,494,059.15. This sale marks a 0.32% decrease in his overall ownership of Oklo stock. Details of the sale were disclosed through a legal filing with the SEC.

Additionally, on Monday, March 31st, Jacob Dewitte sold another 41,000 shares at an average price of $21.80, accruing a total of $893,800.00 from this transaction.

Oklo Stock Performance

As of Monday, the price of Oklo's stock experienced a decline of 3.0%, dropping to $21.72. A total of 10,054,414 shares changed hands, slightly lower than its average trading volume of 11,696,512 shares. In the past twelve months, Oklo's stock has seen a low of $5.35 and a high of $59.14. The company currently holds a market capitalization of $3.02 billion and has a price-to-earnings ratio of -2.14.

Recent Earnings Report

Oklo Inc. announced its latest earnings results on March 24th, revealing an earnings per share (EPS) of ($0.09), which fell short of the consensus estimate of ($0.08) by $0.01. Analysts are predicting that Oklo will report an EPS of -8.2 for the current fiscal year.

Analyst Ratings

The stock has been the subject of various analyst reports recently. B. Riley raised its target price for Oklo from $27.00 to $58.00, maintaining a 'buy' rating. Conversely, Citigroup reduced its price target from $31.00 to $30.00 and rated the stock as 'neutral'. Craig Hallum initiated coverage of Oklo with a 'buy' rating and a target price of $44.00. Wedbush also reiterated an 'outperform' rating, setting a target price of $45.00. Currently, two analysts have rated the stock as a hold, while three others maintain a buy rating. According to MarketBeat, the consensus rating remains a 'Moderate Buy' with a price target of $44.25.

Institutional Investors and Hedge Funds

Multiple hedge funds have altered their holdings in Oklo recently. Notable changes include Zurcher Kantonalbank acquiring a new stake valued at approximately $135,000 and UBS Asset Management purchasing a position worth around $104,000. Other hedge funds, including Atom Investors LP and Point72 Asset Management L.P., have also invested in Oklo, contributing to a substantial institutional ownership of 85.03% in the company.

About Oklo Inc.

Oklo Inc. specializes in the design and development of fission power plants intended to deliver reliable and commercially viable energy solutions in the United States. Established in 2013, the company is headquartered in Santa Clara, California.

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