Oklo (NYSE:OKLO) Director John Jansen Sells 6,354 Shares

Key Points

• Director John Jansen sold 6,354 Oklo shares at an average price of $36.67, generating approximately $233,001 and reducing his holdings by 51.43% to 6,000 shares.
• Oklo shares traded near $35.97, close to their 12-month low of $34.38, while the company reported a quarterly loss of $0.28 per share, missing analyst expectations despite revenue rising 11,900% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $83.26; institutional investors own approximately 85% of the stock.

Oklo Inc. (NYSE:OKLO - Get Free Report) Director John Jansen sold 6,354 shares of the firm's stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $36.67, for a total value of $233,001.18. Following the sale, the director owned 6,000 shares of the company's stock, valued at approximately $220,020. This trade represents a 51.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Oklo Price Performance

OKLO traded down $0.24 during trading hours on Tuesday, hitting $35.97. 7,329,469 shares of the stock were exchanged, compared to its average volume of 11,323,738. The stock has a 50-day simple moving average of $42.65 and a 200-day simple moving average of $54.33. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of -38.27 and a beta of 1.18. Oklo Inc. has a 12 month low of $34.38 and a 12 month high of $193.84.

Oklo (NYSE:OKLO - Get Free Report) last posted its earnings results on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The business had revenue of $1.21 million for the quarter, compared to analysts' expectations of $0.09 million. The company's revenue was up 11900.0% compared to the same quarter last year. During the same period last year, the business posted ($0.18) EPS. Sell-side analysts expect that Oklo Inc. will post -0.92 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on OKLO shares. Guggenheim initiated coverage on shares of Oklo in a research report on Thursday, June 25th. They issued a "neutral" rating for the company. HC Wainwright reiterated a "buy" rating and issued a $90.00 target price on shares of Oklo in a research note on Monday, August 10th. Piper Sandler began coverage on Oklo in a research report on Tuesday, September 8th. They issued an "overweight" rating and a $55.00 price target on the stock. Wolfe Research began coverage on Oklo in a research report on Tuesday, May 19th. They set a "peer perform" rating on the stock. Finally, Royal Bank Of Canada set a $80.00 price objective on shares of Oklo in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.26.

Institutional Investors Weigh In On Oklo

Several hedge funds and other institutional investors have recently made changes to their positions in OKLO. MCF Advisors LLC grew its position in shares of Oklo by 201.0% during the 2nd quarter. MCF Advisors LLC now owns 1,559 shares of the company's stock worth $82,000 after buying an additional 1,041 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of Oklo by 74.2% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 12,731 shares of the company's stock valued at $666,000 after buying an additional 5,423 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Oklo by 15.2% during the second quarter. NewEdge Advisors LLC now owns 41,362 shares of the company's stock worth $2,164,000 after purchasing an additional 5,468 shares during the period. IFP Advisors Inc boosted its holdings in shares of Oklo by 6.6% in the second quarter. IFP Advisors Inc now owns 7,143 shares of the company's stock valued at $374,000 after buying an additional 441 shares during the period. Finally, Allworth Financial LP boosted its stake in Oklo by 21.1% in the 2nd quarter. Allworth Financial LP now owns 3,815 shares of the company's stock worth $200,000 after purchasing an additional 666 shares during the period. 85.03% of the stock is owned by institutional investors and hedge funds.

About Oklo

Oklo Inc is an advanced nuclear technology company focused on developing and commercializing small-scale fission power plants. The company's flagship product, the Aurora powerhouse, is designed to provide reliable, long-term electricity and heat using advanced nuclear reactor technology. Oklo is targeting applications such as industrial operations, data centers, defense facilities and other customers that require dependable, low-carbon energy.

Oklo is also developing fuel-recycling capabilities intended to use certain forms of nuclear fuel more efficiently and reduce the volume of nuclear waste requiring disposal.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.