William Carroll Murphy Goodwin Sells 11,936 Shares of Oklo (NYSE:OKLO) Stock

Key Points

• Insider William Carroll Murphy Goodwin sold 11,936 Oklo shares on Nov. 19 at an average of $101.84 for a total of about $1.215M, cutting his stake by 57.7% to 8,750 shares (≈$891,100).
• He previously sold 41,387 shares on Sept. 5 at $70.09 for roughly $2.90M, underscoring substantial insider selling this year.
• Oklo shares recently slid to $87.96 on heavy volume; the company has a market cap of $13.74B, reported a Q3 EPS miss, and carries a consensus "Hold" rating with an average price target of $106.29.

Oklo Inc. (NYSE:OKLO - Get Free Report) insider William Carroll Murphy Goodwin sold 11,936 shares of the company's stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $101.84, for a total transaction of $1,215,562.24. Following the completion of the transaction, the insider owned 8,750 shares of the company's stock, valued at approximately $891,100. The trade was a 57.70% 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 hyperlink.

William Carroll Murphy Goodwin also recently made the following trade(s):

• On Friday, September 5th, William Carroll Murphy Goodwin sold 41,387 shares of Oklo stock. The shares were sold at an average price of $70.09, for a total value of $2,900,814.83.

Oklo Stock Performance

Shares of Oklo stock traded down $14.90 on Thursday, hitting $87.96. 20,009,417 shares of the company traded hands, compared to its average volume of 18,506,840. The business has a 50-day simple moving average of $124.54 and a 200 day simple moving average of $82.39. Oklo Inc. has a 52 week low of $17.14 and a 52 week high of $193.84. The stock has a market capitalization of $13.74 billion, a P/E ratio of -162.89 and a beta of 0.70.

Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.07). During the same quarter in the previous year, the firm posted ($0.08) earnings per share. Research analysts expect that Oklo Inc. will post -8.2 earnings per share for the current year.

Institutional Investors Weigh In On Oklo

Several hedge funds and other institutional investors have recently modified their holdings of OKLO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Oklo by 71.8% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company's stock worth $792,822,000 after purchasing an additional 2,968,981 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Oklo by 33.4% during the third quarter. Vanguard Group Inc. now owns 11,593,468 shares of the company's stock worth $1,294,179,000 after acquiring an additional 2,901,909 shares during the period. State Street Corp raised its stake in shares of Oklo by 454.5% during the second quarter. State Street Corp now owns 2,138,658 shares of the company's stock valued at $119,743,000 after acquiring an additional 1,752,946 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Oklo by 195.9% in the second quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company's stock valued at $125,906,000 after purchasing an additional 1,488,482 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of Oklo by 61.0% in the third quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company's stock valued at $387,914,000 after purchasing an additional 1,316,867 shares during the period. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Seaport Res Ptn lowered shares of Oklo from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 23rd. B. Riley increased their price target on shares of Oklo from $58.00 to $129.00 and gave the company a "buy" rating in a report on Wednesday, November 12th. Weiss Ratings restated a "sell (d)" rating on shares of Oklo in a research report on Wednesday, October 8th. Zacks Research lowered Oklo from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 14th. Finally, UBS Group set a $175.00 target price on Oklo in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $106.29.

Oklo Company Profile

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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