Oklo (NYSE:OKLO) CFO Richard Craig Bealmear Sells 5,159 Shares

Oklo Inc. (NYSE:OKLOGet Free Report) CFO Richard Craig Bealmear sold 5,159 shares of Oklo stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $76.97, for a total transaction of $397,088.23. Following the completion of the transaction, the chief financial officer directly owned 196,913 shares in the company, valued at approximately $15,156,393.61. The trade was a 2.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Wednesday, December 17th, Richard Craig Bealmear sold 69,841 shares of Oklo stock. The stock was sold at an average price of $78.40, for a total transaction of $5,475,534.40.

Oklo Stock Up 7.3%

OKLO traded up $5.67 during trading on Friday, hitting $83.39. The company had a trading volume of 11,354,917 shares, compared to its average volume of 11,083,078. The company has a market capitalization of $13.03 billion, a PE ratio of -154.43 and a beta of 0.73. Oklo Inc. has a one year low of $17.42 and a one year high of $193.84. The firm’s 50-day moving average price is $112.35 and its 200 day moving average price is $90.06.

Oklo (NYSE:OKLOGet Free Report) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same quarter in the previous year, the business earned ($0.08) earnings per share. Sell-side analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current year.

Key Headlines Impacting Oklo

Here are the key news stories impacting Oklo this week:

Hedge Funds Weigh In On Oklo

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Oklo by 71.8% during the 3rd 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 in the last quarter. Van ECK Associates Corp increased its holdings in shares of Oklo by 61.0% during the third quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock worth $387,914,000 after purchasing an additional 1,316,867 shares during the period. Geode Capital Management LLC increased its stake in Oklo by 195.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company’s stock worth $125,906,000 after acquiring an additional 1,488,482 shares during the period. Finally, State Street Corp grew its holdings in shares of Oklo by 454.5% during 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. Institutional investors own 85.03% of the company’s stock.

Wall Street Analyst Weigh In

OKLO has been the topic of a number of recent research reports. Bank of America lowered their price objective on shares of Oklo from $117.00 to $111.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Cantor Fitzgerald restated an “overweight” rating and issued a $122.00 price target on shares of Oklo in a research note on Wednesday, November 12th. B. Riley raised their target price on shares of Oklo from $58.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. The Goldman Sachs Group initiated coverage on shares of Oklo in a research note on Thursday, September 25th. They issued a “neutral” rating and a $117.00 price target for the company. Finally, Wedbush reissued an “outperform” rating and issued a $150.00 price objective on shares of Oklo in a research report on Wednesday, November 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $102.87.

View Our Latest Stock Report on OKLO

About Oklo

(Get Free Report)

Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.

The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.

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Insider Buying and Selling by Quarter for Oklo (NYSE:OKLO)

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