Oklo (NYSE:OKLO) CEO Jacob Dewitte Sells 140,000 Shares

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 140,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $68.29, for a total transaction of $9,560,600.00. Following the completion of the transaction, the chief executive officer directly owned 538,039 shares in the company, valued at $36,742,683.31. This represents a 20.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jacob Dewitte also recently made the following trade(s):

• On Monday, June 1st, Jacob Dewitte sold 60,000 shares of Oklo stock. The shares were sold at an average price of $68.29, for a total transaction of $4,097,400.00.
• On Friday, May 1st, Jacob Dewitte sold 140,000 shares of Oklo stock. The shares were sold at an average price of $70.50, for a total value of $9,870,000.00.
• On Friday, May 1st, Jacob Dewitte sold 60,000 shares of Oklo stock. The stock was sold at an average price of $69.61, for a total value of $4,176,600.00.
• On Wednesday, April 1st, Jacob Dewitte sold 140,000 shares of Oklo stock. The shares were sold at an average price of $50.39, for a total value of $7,054,600.00.
• On Wednesday, April 1st, Jacob Dewitte sold 60,000 shares of Oklo stock. The shares were sold at an average price of $50.25, for a total value of $3,015,000.00.
• On Friday, March 13th, Jacob Dewitte sold 44,828 shares of Oklo stock. The shares were sold at an average price of $60.00, for a total value of $2,689,680.00.
• On Friday, March 13th, Jacob Dewitte sold 72,960 shares of Oklo stock. The stock was sold at an average price of $60.00, for a total transaction of $4,377,600.00.

Oklo Price Performance

Shares of NYSE:OKLO traded up $6.72 during trading hours on Tuesday, hitting $73.61. The company’s stock had a trading volume of 23,894,389 shares, compared to its average volume of 12,160,672. Oklo Inc. has a 52 week low of $44.88 and a 52 week high of $193.84. The company has a market capitalization of $12.81 billion, a price-to-earnings ratio of -87.62 and a beta of 1.10. The firm’s fifty day moving average price is $62.05 and its 200 day moving average price is $74.26.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.01. During the same quarter in the prior year, the business posted ($0.07) earnings per share. On average, equities research analysts predict that Oklo Inc. will post -0.78 earnings per share for the current fiscal year.

Trending Headlines about Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Investor attention remains centered on Oklo’s progress with the U.S. Department of Energy and the Nuclear Regulatory Commission, including advanced negotiations tied to surplus plutonium fuel and an accelerated approval for its Principal Design Criteria topical report, both of which help reduce execution risk. Article: Oklo jumps 7.5% as investors focus on recent DOE fuel talks and regulatory progress
• Positive Sentiment: Unusual options activity suggests traders are positioning for more upside, with call volume jumping well above its recent average.
• Positive Sentiment: Several recent commentary pieces are reinforcing the bullish narrative around Oklo as a “nuclear for AI infrastructure” play, which may be supporting momentum trading in the name. Article: I’m Calling It: Oklo Will Be a Very Different Stock After July for 1 Reason
• Neutral Sentiment: Broader articles on nuclear energy demand and the sector’s long-term role in clean, secure power are helping keep Oklo in the spotlight, but they are not direct company-specific catalysts. Article: Today’s Energy Crisis & the Need for Nuclear Tomorrow
• Negative Sentiment: Some recent coverage still highlights valuation questions and the stock’s volatility, reminding investors that Oklo remains a high-expectation, pre-revenue growth story with meaningful regulatory and execution risk. Article: Assessing Oklo (OKLO) Valuation After Recent Share Price Pullback And Long Term Gains

Wall Street Analyst Weigh In

OKLO has been the subject of several recent research reports. Royal Bank Of Canada set a $80.00 price target on shares of Oklo in a report on Friday, May 22nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $122.00 price objective on shares of Oklo in a research note on Wednesday, May 13th. Canaccord Genuity Group reduced their price objective on shares of Oklo from $175.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. UBS Group reduced their price objective on shares of Oklo from $95.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. Finally, Citigroup boosted their price objective on shares of Oklo from $73.50 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Oklo has a consensus rating of “Moderate Buy” and an average price target of $83.06.

Institutional Trading of Oklo

Several large investors have recently bought and sold shares of OKLO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 during the last quarter. Vanguard Group Inc. grew its position in Oklo by 33.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,593,468 shares of the company’s stock worth $1,294,179,000 after purchasing an additional 2,901,909 shares during the last quarter. State Street Corp grew its position in 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 during the last quarter. Van ECK Associates Corp grew its position in Oklo by 61.0% during the 3rd 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 last quarter. Finally, Norges Bank purchased a new position in Oklo during the fourth quarter valued at $73,786,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Company Profile

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.