Oklo Inc. (NYSE:OKLO - Get Free Report) Director Michael Stuart Klein sold 50,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $54.85, for a total value of $2,742,500.00. Following the transaction, the director now owns 200,000 shares in the company, valued at $10,970,000. This trade represents a 20.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Michael Stuart Klein also recently made the following trade(s):
- On Friday, June 20th, Michael Stuart Klein sold 150,000 shares of Oklo stock. The stock was sold at an average price of $62.74, for a total transaction of $9,411,000.00.
- On Wednesday, June 18th, Michael Stuart Klein sold 100,000 shares of Oklo stock. The shares were sold at an average price of $63.53, for a total transaction of $6,353,000.00.
Oklo Stock Performance
Shares of Oklo stock traded down $5.18 during trading hours on Wednesday, hitting $55.53. The company's stock had a trading volume of 16,972,975 shares, compared to its average volume of 14,142,111. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $73.55. The firm has a fifty day moving average of $41.17 and a 200-day moving average of $33.72.
Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04. Equities analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current year.
Institutional Investors Weigh In On Oklo
A number of institutional investors have recently made changes to their positions in the stock. Barclays PLC lifted its holdings in shares of Oklo by 5.7% in the 4th quarter. Barclays PLC now owns 7,666 shares of the company's stock worth $163,000 after acquiring an additional 416 shares during the last quarter. Signaturefd LLC raised its position in Oklo by 5.4% in the first quarter. Signaturefd LLC now owns 8,962 shares of the company's stock valued at $194,000 after purchasing an additional 462 shares during the period. Spire Wealth Management lifted its stake in Oklo by 14.1% during the first quarter. Spire Wealth Management now owns 3,896 shares of the company's stock worth $84,000 after purchasing an additional 481 shares in the last quarter. Intrua Financial LLC lifted its stake in Oklo by 4.2% during the first quarter. Intrua Financial LLC now owns 13,375 shares of the company's stock worth $289,000 after purchasing an additional 535 shares in the last quarter. Finally, Ancora Advisors LLC boosted its position in shares of Oklo by 18.2% during the fourth quarter. Ancora Advisors LLC now owns 4,610 shares of the company's stock worth $98,000 after buying an additional 710 shares during the period. 85.03% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have recently commented on the stock. Citigroup reissued a "neutral" rating on shares of Oklo in a research note on Wednesday, May 14th. Seaport Res Ptn upgraded Oklo from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 9th. William Blair assumed coverage on Oklo in a report on Wednesday, May 28th. They set an "outperform" rating for the company. BTIG Research started coverage on Oklo in a research report on Friday, April 11th. They issued a "neutral" rating on the stock. Finally, CLSA raised Oklo from an "outperform" rating to a "moderate buy" rating and lifted their price target for the stock from $50.00 to $74.00 in a research note on Tuesday, May 27th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.50.
Check Out Our Latest Analysis on OKLO
Oklo Company Profile
(
Get Free Report)
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.
Further Reading
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