Oklo (NYSE:OKLO) CFO Richard Craig Bealmear Sells 7,622 Shares

Key Points

• Oklo's CFO, Richard Craig Bealmear, sold 7,622 shares at an average price of $101.44, totaling $773,175.68, reducing his holdings by 5.88%.
• The company recently reported earnings per share of (-$0.18), missing analyst expectations by ($0.06).
• Institutional investors own 85.03% of Oklo's stock, with significant recent investments from multiple hedge funds increasing their positions.

Oklo Inc. (NYSE:OKLO - Get Free Report) CFO Richard Craig Bealmear sold 7,622 shares of the company's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $101.44, for a total value of $773,175.68. Following the completion of the sale, the chief financial officer owned 121,913 shares of the company's stock, valued at $12,366,854.72. This represents a 5.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Richard Craig Bealmear also recently made the following trade(s):

• On Wednesday, September 17th, Richard Craig Bealmear sold 92,378 shares of Oklo stock. The stock was sold at an average price of $93.73, for a total value of $8,658,589.94.

Oklo Price Performance

Shares of Oklo stock traded up $30.91 during trading on Friday, hitting $135.88. 63,281,423 shares of the company were exchanged, compared to its average volume of 14,351,227. The firm's fifty day moving average price is $74.04 and its 200 day moving average price is $49.88. Oklo Inc. has a 1-year low of $7.00 and a 1-year high of $136.53.

Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly 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). On average, equities analysts anticipate that Oklo Inc. will post -8.2 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. KBC Group NV boosted its holdings in shares of Oklo by 11.8% in the second quarter. KBC Group NV now owns 1,849 shares of the company's stock valued at $104,000 after buying an additional 195 shares during the period. Fourth Dimension Wealth LLC boosted its holdings in Oklo by 125.0% during the second quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company's stock worth $25,000 after purchasing an additional 250 shares during the last quarter. MRA Advisory Group boosted its holdings in Oklo by 2.8% during the second quarter. MRA Advisory Group now owns 9,770 shares of the company's stock worth $547,000 after purchasing an additional 266 shares during the last quarter. Rothschild Investment LLC boosted its holdings in Oklo by 82.9% during the second quarter. Rothschild Investment LLC now owns 640 shares of the company's stock worth $36,000 after purchasing an additional 290 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Oklo by 107.0% during the second quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company's stock worth $33,000 after purchasing an additional 305 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company's stock.

Analyst Upgrades and Downgrades

OKLO has been the subject of several recent analyst reports. Wedbush upped their target price on shares of Oklo from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Bank of America initiated coverage on shares of Oklo in a research note on Tuesday, August 26th. They issued a "buy" rating and a $92.00 target price for the company. Daiwa Capital Markets raised shares of Oklo from a "neutral" rating to an "outperform" rating in a research note on Sunday, July 27th. Cantor Fitzgerald set a $73.00 target price on shares of Oklo and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, Craig Hallum cut shares of Oklo from a "buy" rating to a "hold" rating and set a $59.00 price target for the company. in a report on Monday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Oklo has a consensus 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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