Jacob Dewitte Sells 140,000 Shares of Oklo (NYSE:OKLO) Stock

Key Points

• Oklo CEO Jacob Dewitte sold 140,000 shares on June 1 at an average price of $68.29, totaling about $9.56 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan and reduced his ownership by 20.65%.
• Oklo’s stock rose sharply in Tuesday trading, climbing $6.72 to $73.61 on volume well above average. The company now has a market cap of $12.81 billion, with shares trading between a 52-week low of $44.88 and high of $193.84.
• Wall Street remains cautiously positive on Oklo, with analysts assigning a consensus rating of “Moderate Buy” and an average price target of $83.06. Recent commentary has focused on regulatory progress with the DOE and NRC, though valuation and execution risks remain important concerns.

Oklo Inc. (NYSE:OKLO - Get Free Report) CEO Jacob Dewitte sold 140,000 shares of the company's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $68.29, for a total value of $9,560,600.00. Following the completion of the transaction, the chief executive officer owned 538,039 shares of the company's stock, valued at $36,742,683.31. The trade was a 20.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jacob Dewitte also recently made the following trade(s):

• On Monday, June 1st, Jacob Dewitte sold 60,000 shares of Oklo stock. The stock was sold at an average price of $68.29, for a total value of $4,097,400.00.
• On Friday, May 1st, Jacob Dewitte sold 140,000 shares of Oklo stock. The stock was sold at an average price of $70.50, for a total value of $9,870,000.00.
• On Friday, May 1st, Jacob Dewitte sold 60,000 shares of Oklo stock. The stock was sold at an average price of $69.61, for a total value of $4,176,600.00.
• On Wednesday, April 1st, Jacob Dewitte sold 140,000 shares of Oklo stock. The stock was sold at an average price of $50.39, for a total value of $7,054,600.00.
• On Wednesday, April 1st, Jacob Dewitte sold 60,000 shares of Oklo stock. The stock was sold at an average price of $50.25, for a total value of $3,015,000.00.
• On Friday, March 13th, Jacob Dewitte sold 44,828 shares of Oklo stock. The stock was sold at an average price of $60.00, for a total value of $2,689,680.00.
• On Friday, March 13th, Jacob Dewitte sold 72,960 shares of Oklo stock. The shares were sold at an average price of $60.00, for a total value of $4,377,600.00.

Oklo Price Performance

Shares of NYSE OKLO traded up $6.72 during midday trading on Tuesday, reaching $73.61. 23,894,389 shares of the stock traded hands, compared to its average volume of 12,160,672. The stock has a market capitalization of $12.81 billion, a PE ratio of -87.62 and a beta of 1.10. Oklo Inc. has a one year low of $44.88 and a one year high of $193.84. The company's 50 day moving average is $62.05 and its 200 day moving average is $74.26.

Oklo (NYSE:OKLO - Get Free Report) last posted its earnings results on Tuesday, May 12th. The company reported ($0.19) EPS for the quarter, beating analysts' consensus estimates of ($0.20) by $0.01. During the same period in the prior year, the company earned ($0.07) EPS. As a group, equities analysts forecast that Oklo Inc. will post -0.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OKLO. JPMorgan Chase & Co. began coverage on Oklo in a research report on Monday, May 11th. They set a "neutral" rating and a $83.00 target price for the company. Bank of America began coverage on Oklo in a research report on Friday, May 22nd. They set a "buy" rating and a $80.00 target price for the company. UBS Group lowered their target price on Oklo from $95.00 to $60.00 and set a "neutral" rating for the company in a research report on Thursday, March 26th. Barclays lowered their target price on Oklo from $146.00 to $82.00 and set an "overweight" rating for the company in a research report on Monday, February 23rd. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $122.00 target price on shares of Oklo in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $83.06.

Key Oklo News

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Investor attention remains centered on Oklo’s progress with the U.S. Department of Energy and the Nuclear Regulatory Commission, including advanced negotiations tied to surplus plutonium fuel and an accelerated approval for its Principal Design Criteria topical report, both of which help reduce execution risk. Article: Oklo jumps 7.5% as investors focus on recent DOE fuel talks and regulatory progress
• Positive Sentiment: Unusual options activity suggests traders are positioning for more upside, with call volume jumping well above its recent average.
• Positive Sentiment: Several recent commentary pieces are reinforcing the bullish narrative around Oklo as a “nuclear for AI infrastructure” play, which may be supporting momentum trading in the name. Article: I'm Calling It: Oklo Will Be a Very Different Stock After July for 1 Reason
• Neutral Sentiment: Broader articles on nuclear energy demand and the sector’s long-term role in clean, secure power are helping keep Oklo in the spotlight, but they are not direct company-specific catalysts. Article: Today's Energy Crisis & the Need for Nuclear Tomorrow
• Negative Sentiment: Some recent coverage still highlights valuation questions and the stock’s volatility, reminding investors that Oklo remains a high-expectation, pre-revenue growth story with meaningful regulatory and execution risk. Article: Assessing Oklo (OKLO) Valuation After Recent Share Price Pullback And Long Term Gains

Hedge Funds Weigh In On Oklo

Several hedge funds have recently added to or reduced their stakes in OKLO. Gables Capital Management Inc. purchased a new position in shares of Oklo during the third quarter valued at approximately $28,000. Nemes Rush Group LLC purchased a new stake in shares of Oklo in the third quarter worth approximately $28,000. CI Investments Inc. lifted its stake in shares of Oklo by 153.0% during the 3rd quarter. CI Investments Inc. now owns 296 shares of the company's stock worth $33,000 after acquiring an additional 179 shares during the last quarter. Comprehensive Financial Planning Inc. PA boosted its holdings in Oklo by 950.0% during the 3rd quarter. Comprehensive Financial Planning Inc. PA now owns 315 shares of the company's stock valued at $35,000 after acquiring an additional 285 shares during the period. Finally, Rossby Financial LCC grew its position in Oklo by 75.0% in the 3rd quarter. Rossby Financial LCC now owns 350 shares of the company's stock valued at $41,000 after acquiring an additional 150 shares during the last quarter. 85.03% of the stock is currently owned by institutional investors.

About Oklo

Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.

The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.

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.