Oklo Inc. (NYSE:OKLO) Director Sells $6,353,000.00 in Stock

Oklo Inc. (NYSE:OKLO - Get Free Report) Director Michael Stuart Klein sold 100,000 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $63.53, for a total value of $6,353,000.00. Following the transaction, the director now owns 400,000 shares of the company's stock, valued at approximately $25,412,000. This represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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.

Oklo Price Performance

NYSE:OKLO traded down $2.75 during midday trading on Monday, hitting $55.20. 18,747,165 shares of the company were exchanged, compared to its average volume of 14,029,407. The company has a fifty day simple moving average of $39.76 and a 200 day simple moving average of $33.29. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $73.55.

Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.04. As a group, sell-side analysts predict that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OKLO. Seaport Res Ptn upgraded Oklo from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 9th. HC Wainwright initiated coverage on shares of Oklo in a report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price objective on the stock. Citigroup restated a "neutral" rating on shares of Oklo in a report on Wednesday, May 14th. William Blair initiated coverage on shares of Oklo in a report on Wednesday, May 28th. They issued an "outperform" rating on the stock. Finally, Craig Hallum lowered shares of Oklo from a "buy" rating to a "hold" rating and set a $59.00 price objective on the stock. in a report on Monday. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Oklo currently has an average rating of "Moderate Buy" and an average price target of $58.50.

Institutional Investors Weigh In On Oklo

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. TD Waterhouse Canada Inc. purchased a new position in Oklo during the 4th quarter worth $27,000. Sandy Spring Bank purchased a new position in Oklo during the 4th quarter worth $32,000. CoreCap Advisors LLC purchased a new position in Oklo during the 4th quarter worth $32,000. Covestor Ltd purchased a new stake in shares of Oklo in the fourth quarter valued at about $34,000. Finally, KBC Group NV purchased a new stake in shares of Oklo in the first quarter valued at about $36,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

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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