Oklo (NYSE:OKLO) CFO Richard Craig Bealmear Sells 92,378 Shares

Key Points

• Oklo CFO Richard Craig Bealmear sold 92,378 shares at an average price of $93.73, totaling approximately $8.66 million, resulting in a 54.95% reduction in his ownership stake.
• Following a recent sale, OKLO stock price surged 29.4% to $135.88, with shares trading significantly above its 52-week low of $7.00.
• Analysts have mixed ratings for Oklo's stock, with a moderate buy average rating and target prices ranging from $14.00 to $92.00.

Oklo Inc. (NYSE:OKLO - Get Free Report) CFO Richard Craig Bealmear sold 92,378 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $93.73, for a total value of $8,658,589.94. Following the sale, the chief financial officer owned 75,738 shares in the company, valued at approximately $7,098,922.74. This trade represents a 54.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, September 18th, Richard Craig Bealmear sold 7,622 shares of Oklo stock. The shares were sold at an average price of $101.44, for a total value of $773,175.68.

Oklo Trading Up 29.4%

OKLO stock traded up $30.91 during midday trading on Friday, reaching $135.88. 63,281,423 shares of the company traded hands, compared to its average volume of 14,351,227. Oklo Inc. has a 52-week low of $7.00 and a 52-week high of $136.53. The business has a 50 day moving average of $74.04 and a 200-day moving average of $49.88.

Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Research analysts predict that Oklo Inc. will post -8.2 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on OKLO. Cantor Fitzgerald set a $73.00 price target on Oklo and gave the stock an "overweight" rating in a report on Tuesday, July 15th. BNP Paribas Exane began coverage on Oklo in a report on Friday, July 25th. They issued an "underperform" rating and a $14.00 price target on the stock. Daiwa Capital Markets upgraded Oklo from a "neutral" rating to an "outperform" rating in a report on Sunday, July 27th. Bank of America began coverage on Oklo in a report on Tuesday, August 26th. They set a "buy" rating and a $92.00 price objective on the stock. Finally, Citigroup raised their price objective on Oklo from $30.00 to $68.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $66.45.

Institutional Trading of Oklo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Oklo by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company's stock worth $94,770,000 after purchasing an additional 37,718 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Oklo by 195.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company's stock worth $125,906,000 after purchasing an additional 1,488,482 shares in the last quarter. State Street Corp boosted its position in shares of Oklo by 454.5% in the 2nd quarter. State Street Corp now owns 2,138,658 shares of the company's stock worth $119,743,000 after purchasing an additional 1,752,946 shares in the last quarter. Compound Planning Inc. raised its stake in Oklo by 6.2% in the 1st quarter. Compound Planning Inc. now owns 964,827 shares of the company's stock worth $20,869,000 after acquiring an additional 56,437 shares during the last quarter. Finally, Portland Investment Counsel Inc. raised its stake in Oklo by 0.6% in the 1st quarter. Portland Investment Counsel Inc. now owns 807,580 shares of the company's stock worth $17,358,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors own 85.03% of the company's stock.

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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