Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte Sells 230,569 Shares

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction on Friday, December 20th. The shares were sold at an average price of $21.61, for a total value of $4,982,596.09. Following the sale, the chief executive officer now directly owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. This represents a 1.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Oklo Stock Up 2.3 %

OKLO traded up $0.50 during midday trading on Monday, hitting $22.02. The stock had a trading volume of 16,850,926 shares, compared to its average volume of 6,244,267. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $28.12. The business has a fifty day moving average of $20.73 and a 200 day moving average of $12.52.

Institutional Investors Weigh In On Oklo

A number of institutional investors have recently made changes to their positions in OKLO. Barclays PLC purchased a new stake in Oklo during the 3rd quarter valued at about $58,000. Y Intercept Hong Kong Ltd bought a new stake in Oklo in the third quarter valued at approximately $94,000. Peapack Gladstone Financial Corp purchased a new stake in shares of Oklo during the third quarter valued at approximately $100,000. Sanctuary Advisors LLC bought a new position in shares of Oklo in the third quarter worth approximately $100,000. Finally, MML Investors Services LLC purchased a new position in shares of Oklo in the third quarter worth $104,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Analyst Ratings Changes

OKLO has been the subject of a number of research analyst reports. Citigroup dropped their price target on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Seaport Res Ptn raised shares of Oklo to a “hold” rating in a research note on Friday, September 6th. Wedbush assumed coverage on shares of Oklo in a research report on Thursday. They set an “outperform” rating and a $26.00 price objective on the stock. Finally, B. Riley started coverage on shares of Oklo in a research report on Thursday, September 19th. They issued a “buy” rating and a $10.00 target price for the company.

Oklo Company Profile

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.