Insider Selling: Oklo Inc. (NYSE:OKLO) CEO Sells 230,569 Shares of Stock

Oklo Inc. (NYSE:OKLO) CEO Jacob Dewitte sold 230,569 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the sale, the chief executive officer now owns 12,543,085 shares of the company’s stock, valued at approximately $271,056,066.85. This represents a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Oklo Stock Up 2.3 %

Shares of NYSE:OKLO traded up $0.50 during midday trading on Monday, reaching $22.02. The company’s stock had a trading volume of 16,850,926 shares, compared to its average volume of 6,244,267. The firm has a 50 day moving average of $20.73 and a 200-day moving average of $12.52. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $28.12.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HITE Hedge Asset Management LLC bought a new stake in shares of Oklo during the third quarter valued at approximately $19,753,000. Portland Investment Counsel Inc. bought a new stake in Oklo in the 3rd quarter worth approximately $6,493,000. Readystate Asset Management LP purchased a new stake in Oklo during the 3rd quarter valued at $6,193,000. Geode Capital Management LLC bought a new position in shares of Oklo during the 3rd quarter valued at $5,971,000. Finally, State Street Corp purchased a new position in shares of Oklo in the 3rd quarter worth $2,889,000. Institutional investors own 85.03% of the company’s stock.

Wall Street Analyst Weigh In

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

About Oklo

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.