Oklo (NYSE:OKLO) Insider John Hanson Sells 1,034 Shares of Stock

Oklo Inc. (NYSE:OKLO) insider John Hanson sold 1,034 shares of the company’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $26.71, for a total value of $27,618.14. Following the completion of the transaction, the insider directly owned 361,277 shares of the company’s stock, valued at approximately $9,649,708.67. This trade represents a 0.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

John Hanson also recently made the following trade(s):

• On Monday, September 28th, John Hanson sold 1,100 shares of Oklo stock. The shares were sold at an average price of $37.39, for a total value of $41,129.00.
• On Monday, August 24th, John Hanson sold 539 shares of Oklo stock. The stock was sold at an average price of $39.77, for a total value of $21,436.03.

Oklo Stock Down 7.0%

OKLO stock traded down $1.76 during midday trading on Monday, hitting $23.49. The company’s stock had a trading volume of 8,530,582 shares, compared to its average volume of 11,002,499. Oklo Inc. has a 12 month low of $23.44 and a 12 month high of $132.11. The company has a 50 day moving average of $35.53 and a two-hundred day moving average of $54.14. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of -24.99 and a beta of 1.31.

Oklo (NYSE:OKLO) last released its earnings results on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The firm had revenue of $1.21 million for the quarter, compared to analysts’ expectations of $0.09 million. The business’s quarterly revenue was up 11900.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.18) earnings per share. On average, analysts anticipate that Oklo Inc. will post -1.01 earnings per share for the current fiscal year.

Institutional Trading of Oklo

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its position in Oklo by 55.3% in the first quarter. Bank of America Corp DE now owns 620,281 shares of the company’s stock worth $30,760,000 after buying an additional 220,976 shares during the last quarter. Bank of New York Mellon Corp increased its position in Oklo by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 516,886 shares of the company’s stock valued at $25,632,000 after acquiring an additional 5,945 shares during the last quarter. Swiss National Bank increased its position in Oklo by 7.1% during the first quarter. Swiss National Bank now owns 324,900 shares of the company’s stock valued at $16,112,000 after acquiring an additional 21,400 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Oklo during the third quarter valued at $11,483,000. Finally, Amundi raised its stake in shares of Oklo by 59.0% in the first quarter. Amundi now owns 164,824 shares of the company’s stock valued at $8,174,000 after acquiring an additional 61,161 shares during the period. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on OKLO. Citigroup reduced their price target on shares of Oklo from $57.50 to $33.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 21st. HC Wainwright reissued a “buy” rating and issued a $90.00 price objective on shares of Oklo in a research note on Monday, August 10th. Canaccord Genuity Group reduced their target price on shares of Oklo from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Oklo in a research report on Friday, August 7th. Finally, TD Cowen started coverage on shares of Oklo in a report on Monday, October 26th. They issued a “hold” rating and a $26.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $73.83.

About Oklo

Oklo Inc is an advanced nuclear technology company developing compact fission power plants designed to provide reliable, carbon-free electricity. Its flagship product, the Aurora powerhouse, is a small modular reactor intended to operate with a high degree of fuel efficiency and to supply power directly to customers such as utilities, industrial facilities, data centers and other energy-intensive operations.

The company is also developing fuel-recycling capabilities intended to convert used nuclear fuel and other material into fuel for advanced reactors.