Insider Selling: Oklo (NYSE:OKLO) Insider Sells 41,387 Shares of Stock

Key Points

• William Carroll Murphy Goodwin, an insider at Oklo Inc., sold 41,387 shares at an average price of $70.09, totaling approximately $2.9 million on September 5th.
• Oklo's stock experienced a 4.9% increase, reaching $74.17, with a trading volume of over 12 million shares.
• Analysts have a generally positive outlook on Oklo, with several firms issuing "buy" ratings and a price objective ranging up to $92.00 from Bank of America.

Oklo Inc. (NYSE:OKLO - Get Free Report) insider William Carroll Murphy Goodwin sold 41,387 shares of Oklo stock in a transaction on Friday, September 5th. The stock was sold at an average price of $70.09, for a total value of $2,900,814.83. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Oklo Stock Up 4.9%

OKLO traded up $3.45 during midday trading on Tuesday, reaching $74.17. The company had a trading volume of 12,055,878 shares, compared to its average volume of 12,675,320. Oklo Inc. has a 12-month low of $5.57 and a 12-month high of $85.35. The business has a 50-day moving average price of $68.60 and a two-hundred day moving average price of $47.05.

Oklo (NYSE:OKLO - Get Free Report) last released its earnings results on Monday, August 11th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). As a group, equities analysts expect that Oklo Inc. will post -8.2 earnings per share for the current year.

Institutional Investors Weigh In On Oklo

A number of large investors have recently added to or reduced their stakes in OKLO. Caldwell Sutter Capital Inc. bought a new stake in Oklo in the 2nd quarter worth $25,000. Private Trust Co. NA purchased a new position in Oklo during the 2nd quarter valued at about $25,000. Fourth Dimension Wealth LLC lifted its position in Oklo by 125.0% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company's stock valued at $25,000 after acquiring an additional 250 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in Oklo during the 2nd quarter valued at about $28,000. Finally, CoreCap Advisors LLC purchased a new position in Oklo during the 4th quarter valued at about $32,000. Institutional investors own 85.03% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. William Blair restated an "outperform" rating on shares of Oklo in a research note on Tuesday, August 12th. Cantor Fitzgerald set a $73.00 price objective on shares of Oklo and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Bank of America began coverage on shares of Oklo in a research report on Tuesday, August 26th. They set a "buy" rating and a $92.00 price objective on the stock. HC Wainwright raised their price objective on shares of Oklo from $55.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, August 12th. Finally, Seaport Res Ptn upgraded shares of Oklo from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Oklo has an average rating of "Moderate Buy" and an average target price of $66.45.

About Oklo

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.

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