Oklo Inc. (NYSE:OKLO - Get Free Report) Director Michael Stuart Klein sold 150,000 shares of Oklo stock in a transaction on Friday, June 20th. The stock was sold at an average price of $62.74, for a total transaction of $9,411,000.00. Following the completion of the sale, the director now owns 250,000 shares of the company's stock, valued at approximately $15,685,000. This trade represents a 37.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Michael Stuart Klein also recently made the following trade(s):
- On Wednesday, June 18th, Michael Stuart Klein sold 100,000 shares of Oklo stock. The stock was sold at an average price of $63.53, for a total transaction of $6,353,000.00.
Oklo Stock Performance
Shares of OKLO traded down $2.75 during midday trading on Monday, hitting $55.20. 18,747,165 shares of the stock traded hands, compared to its average volume of 14,029,407. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $73.55. The business's 50 day moving average price is $39.76 and its two-hundred day moving average price is $33.29.
Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.04. As a group, equities analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current year.
Hedge Funds Weigh In On Oklo
Several hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Oklo by 1.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company's stock valued at $104,646,000 after acquiring an additional 74,315 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Oklo by 0.9% during the first quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company's stock valued at $94,770,000 after acquiring an additional 37,718 shares during the period. Compound Planning Inc. boosted its holdings in shares of Oklo by 6.2% during the first quarter. Compound Planning Inc. now owns 964,827 shares of the company's stock valued at $20,869,000 after acquiring an additional 56,437 shares during the period. Portland Investment Counsel Inc. boosted its holdings in shares of Oklo by 0.6% during the first quarter. Portland Investment Counsel Inc. now owns 807,580 shares of the company's stock valued at $17,358,000 after acquiring an additional 5,000 shares during the period. Finally, JAT Capital Mgmt LP acquired a new position in shares of Oklo during the fourth quarter valued at $14,798,000. Institutional investors and hedge funds own 85.03% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on OKLO. Citigroup restated a "neutral" rating on shares of Oklo in a research note on Wednesday, May 14th. Wedbush set a $75.00 price objective on shares of Oklo and gave the stock an "outperform" rating in a report on Thursday, June 12th. CLSA raised shares of Oklo from an "outperform" rating to a "moderate buy" rating and lifted their price objective for the stock from $50.00 to $74.00 in a report on Tuesday, May 27th. HC Wainwright assumed coverage on shares of Oklo in a report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price objective for the company. Finally, William Blair assumed coverage on shares of Oklo in a report on Wednesday, May 28th. They issued an "outperform" rating for the company. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Oklo has a consensus rating of "Moderate Buy" and a consensus price target of $58.50.
Check Out Our Latest Research Report on OKLO
Oklo Company Profile
(
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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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