Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte Sells 230,569 Shares

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the completion of the transaction, the chief executive officer now directly owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. The trade was a 1.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Oklo Stock Up 2.3 %

NYSE:OKLO opened at $22.02 on Tuesday. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $28.12. The stock’s 50 day moving average price is $20.73 and its two-hundred day moving average price is $12.52.

Hedge Funds Weigh In On Oklo

A number of institutional investors have recently added to or reduced their stakes in the company. Peapack Gladstone Financial Corp bought a new position in Oklo during the third quarter worth about $100,000. Sanctuary Advisors LLC bought a new position in shares of Oklo during the 3rd quarter worth approximately $100,000. Barclays PLC bought a new position in shares of Oklo during the 3rd quarter worth approximately $58,000. Geode Capital Management LLC bought a new stake in Oklo in the 3rd quarter valued at $5,971,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Oklo during the 3rd quarter valued at $94,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on OKLO shares. Wedbush started coverage on Oklo in a report on Thursday, December 19th. They issued an “outperform” rating and a $26.00 price target on the stock. B. Riley initiated coverage on shares of Oklo in a research note on Thursday, September 19th. They set a “buy” rating and a $10.00 price target for the company. Citigroup lowered their price objective on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Finally, Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a report on Friday, September 6th.

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.