Oklo (NYSE:OKLO) Insider William Carroll Murphy Goodwin Sells 1,775 Shares of Company Stock

Key Points

• Oklo insider William Carroll Murphy Goodwin sold 1,775 shares for approximately $66,367 at an average price of $37.39. The sale covered tax-withholding obligations, reducing his direct stake by 3.66% to 46,787 shares.
• Oklo shares traded near $37.07, well below their 12-month high of $193.84, while the company reported a quarterly loss of $0.28 per share that missed analyst expectations despite revenue growth of 11,900% year over year.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $82.44, although several firms recently lowered their targets. Institutional investors own approximately 85.03% of the stock.

Oklo Inc. (NYSE:OKLO - Get Free Report) insider William Carroll Murphy Goodwin sold 1,775 shares of the business's stock in a transaction on Monday, September 28th. The stock was sold at an average price of $37.39, for a total value of $66,367.25. Following the transaction, the insider directly owned 46,787 shares in the company, valued at $1,749,365.93. This trade represents a 3.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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, August 24th, William Carroll Murphy Goodwin sold 11,592 shares of Oklo stock. The stock was sold at an average price of $39.77, for a total value of $461,013.84.

Oklo Stock Performance

Shares of NYSE OKLO traded down $0.04 during trading on Tuesday, hitting $37.07. 7,454,413 shares of the company were exchanged, compared to its average volume of 11,222,367. Oklo Inc. has a 12-month low of $34.38 and a 12-month high of $193.84. The company has a fifty day moving average price of $41.18 and a 200-day moving average price of $52.55. The firm has a market capitalization of $6.90 billion, a PE ratio of -39.44 and a beta of 1.18.

Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The firm had revenue of $1.21 million for the quarter, compared to analysts' expectations of $0.09 million. During the same quarter last year, the firm posted ($0.18) earnings per share. The company's revenue was up 11900.0% on a year-over-year basis. Research analysts anticipate that Oklo Inc. will post -0.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oklo

A number of institutional investors and hedge funds have recently made changes to their positions in OKLO. Van ECK Associates Corp boosted its position in shares of Oklo by 13.9% during the 4th quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company's stock worth $283,902,000 after purchasing an additional 481,288 shares during the period. Geode Capital Management LLC raised its position in Oklo by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company's stock valued at $201,671,000 after purchasing an additional 185,265 shares during the period. Norges Bank acquired a new position in Oklo during the fourth quarter worth $73,786,000. Clear Street Group Inc. lifted its stake in Oklo by 110.5% during the fourth quarter. Clear Street Group Inc. now owns 842,172 shares of the company's stock worth $60,434,000 after purchasing an additional 442,172 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Oklo by 55.3% during the first quarter. Bank of America Corp DE now owns 620,281 shares of the company's stock worth $30,760,000 after buying an additional 220,976 shares during the period. 85.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OKLO has been the subject of several analyst reports. Barclays dropped their price target on shares of Oklo from $82.00 to $76.00 and set an "overweight" rating for the company in a research note on Wednesday, July 22nd. Citigroup reduced their price target on shares of Oklo from $76.00 to $57.50 and set a "neutral" rating on the stock in a research report on Monday, August 10th. Piper Sandler assumed coverage on Oklo in a report on Tuesday, September 8th. They issued an "overweight" rating and a $55.00 price objective on the stock. Canaccord Genuity Group lowered their price objective on Oklo from $125.00 to $100.00 and set a "buy" rating for the company in a research report on Monday, August 10th. Finally, HC Wainwright reissued a "buy" rating and set a $90.00 target price on shares of Oklo in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $82.44.

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.

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