Oklo (NYSE:OKLO) Insider Sells 1,068 Shares of Stock

Key Points

• Oklo insider Alexandra Renner sold 1,068 shares at an average price of $26.71, generating $28,526.28. The sale covered tax-withholding obligations tied to vested equity awards, and she retained 593,750 shares.
• Oklo shares fell to $23.49, near their 52-week low of $23.44, and remain well below their 50-day and 200-day moving averages. The company has a $4.37 billion market capitalization and a negative price-to-earnings ratio.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $73.83, although several firms recently cut their targets. Oklo’s latest quarterly loss of $0.28 per share missed estimates, despite revenue increasing 11,900% year over year to $1.21 million.

Oklo Inc. (NYSE:OKLO - Get Free Report) insider Alexandra Renner sold 1,068 shares of the stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $26.71, for a total transaction of $28,526.28. Following the completion of the transaction, the insider owned 593,750 shares in the company, valued at $15,859,062.50. This represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Alexandra Renner also recently made the following trade(s):

• On Wednesday, October 14th, Alexandra Renner sold 688 shares of Oklo stock. The shares were sold at an average price of $30.75, for a total transaction of $21,156.00.
• On Monday, September 28th, Alexandra Renner sold 1,100 shares of Oklo stock. The stock was sold at an average price of $37.39, for a total transaction of $41,129.00.
• On Tuesday, September 1st, Alexandra Renner sold 1,930 shares of Oklo stock. The shares were sold at an average price of $38.40, for a total transaction of $74,112.00.
• On Monday, August 24th, Alexandra Renner sold 557 shares of Oklo stock. The shares were sold at an average price of $39.77, for a total value of $22,151.89.

Oklo Price Performance

Shares of OKLO stock traded down $1.76 during trading hours on Monday, reaching $23.49. The company had a trading volume of 8,530,582 shares, compared to its average volume of 11,002,499. Oklo Inc. has a 1-year low of $23.44 and a 1-year high of $132.11. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of -24.99 and a beta of 1.31. The company has a 50 day moving average of $35.53 and a 200 day moving average of $54.14.

Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.12). The company had revenue of $1.21 million during the quarter, compared to analyst estimates of $0.09 million. During the same period in the previous year, the business posted ($0.18) earnings per share. The firm's revenue for the quarter was up 11900.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Oklo Inc. will post -1.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on OKLO shares. HC Wainwright reiterated a "buy" rating and issued a $90.00 price target on shares of Oklo in a research report on Monday, August 10th. Truist Financial decreased their price objective on shares of Oklo from $51.00 to $31.00 and set a "hold" rating for the company in a report on Thursday, October 22nd. TD Cowen assumed coverage on shares of Oklo in a research note on Monday, October 26th. They issued a "hold" rating and a $26.00 target price for the company. B. Riley Financial cut their target price on shares of Oklo from $92.00 to $61.00 and set a "buy" rating on the stock in a report on Wednesday, October 28th. Finally, UBS Group reduced their price target on shares of Oklo from $55.00 to $41.00 and set a "neutral" rating on the stock in a research report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $73.83.

Institutional Investors Weigh In On Oklo

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Citizens Financial Group Inc. RI grew its stake in shares of Oklo by 1.0% during the 1st quarter. Citizens Financial Group Inc. RI now owns 18,704 shares of the company's stock worth $928,000 after acquiring an additional 182 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Oklo by 0.3% in the first quarter. The Manufacturers Life Insurance Company now owns 70,433 shares of the company's stock worth $3,493,000 after purchasing an additional 183 shares in the last quarter. Triton Wealth Management PLLC boosted its holdings in Oklo by 1.3% during the first quarter. Triton Wealth Management PLLC now owns 14,760 shares of the company's stock worth $734,000 after purchasing an additional 191 shares during the last quarter. Costello Asset Management INC boosted its holdings in Oklo by 66.7% during the first quarter. Costello Asset Management INC now owns 500 shares of the company's stock worth $25,000 after purchasing an additional 200 shares during the last quarter. Finally, Swedbank AB grew its position in Oklo by 3.4% in the first quarter. Swedbank AB now owns 10,592 shares of the company's stock valued at $525,000 after purchasing an additional 345 shares in the last quarter. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Oklo Company Profile

Oklo Inc is an advanced nuclear technology company developing compact fission power plants designed to provide reliable, carbon-free electricity. Its flagship product, the Aurora powerhouse, is a small modular reactor intended to operate with a high degree of fuel efficiency and to supply power directly to customers such as utilities, industrial facilities, data centers and other energy-intensive operations.

The company is also developing fuel-recycling capabilities intended to convert used nuclear fuel and other material into fuel for advanced reactors.

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