John Jansen Sells 6,354 Shares of Oklo (NYSE:OKLO) Stock

Oklo Inc. (NYSE:OKLO) Director John Jansen sold 6,354 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $36.67, for a total value of $233,001.18. Following the transaction, the director directly owned 6,000 shares in the company, valued at $220,020. This trade represents a 51.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Oklo Trading Down 0.7%

Shares of OKLO traded down $0.24 during mid-day trading on Tuesday, reaching $35.97. The company’s stock had a trading volume of 7,329,469 shares, compared to its average volume of 11,323,738. The business has a 50-day simple moving average of $42.65 and a two-hundred day simple moving average of $54.33. Oklo Inc. has a 1-year low of $34.38 and a 1-year high of $193.84. The stock has a market cap of $6.69 billion, a P/E ratio of -38.27 and a beta of 1.18.

Oklo (NYSE:OKLO) last announced its earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.12). The firm had revenue of $1.21 million during the quarter, compared to the consensus estimate of $0.09 million. The company’s revenue for the quarter was up 11900.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.18) EPS. Research analysts anticipate that Oklo Inc. will post -0.92 EPS for the current year.

Wall Street Analyst Weigh In

OKLO has been the topic of several research reports. Wolfe Research started coverage on Oklo in a report on Tuesday, May 19th. They set a “peer perform” rating on the stock. Barclays decreased their price objective on Oklo from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Wedbush reiterated an “outperform” rating and issued a $110.00 price target on shares of Oklo in a research report on Tuesday, May 26th. Truist Financial cut their price objective on Oklo from $55.00 to $51.00 and set a “hold” rating on the stock in a research note on Monday, August 10th. Finally, Royal Bank Of Canada set a $80.00 target price on shares of Oklo in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $83.26.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. SHP Wealth Management bought a new position in Oklo in the fourth quarter worth $32,000. Costello Asset Management INC increased its position in Oklo by 66.7% in the first quarter. Costello Asset Management INC now owns 500 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Oklo during the 4th quarter valued at $43,000. Strategic Advocates LLC boosted its holdings in Oklo by 70.9% during the fourth quarter. Strategic Advocates LLC now owns 663 shares of the company’s stock worth $47,000 after buying an additional 275 shares during the last quarter. Finally, Ascentis Independent Advisors bought a new stake in shares of Oklo in the 1st quarter valued at about $33,000. Institutional investors own 85.03% of the company’s stock.

About Oklo

Oklo Inc is an advanced nuclear technology company focused on developing and commercializing small-scale fission power plants. The company’s flagship product, the Aurora powerhouse, is designed to provide reliable, long-term electricity and heat using advanced nuclear reactor technology. Oklo is targeting applications such as industrial operations, data centers, defense facilities and other customers that require dependable, low-carbon energy.

Oklo is also developing fuel-recycling capabilities intended to use certain forms of nuclear fuel more efficiently and reduce the volume of nuclear waste requiring disposal.