Oklo (NYSE:OKLO) Insider William Carroll Murphy Goodwin Sells 1,775 Shares of Stock

Oklo Inc. (NYSE:OKLO) insider William Carroll Murphy Goodwin sold 1,775 shares of the firm’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $37.39, for a total value of $66,367.25. Following the transaction, the insider owned 46,787 shares of the company’s stock, valued at $1,749,365.93. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

William Carroll Murphy Goodwin also recently made the following trade(s):

• On Monday, August 24th, William Carroll Murphy Goodwin sold 11,592 shares of Oklo stock. The shares were sold at an average price of $39.77, for a total value of $461,013.84.

Oklo Stock Down 0.1%

NYSE:OKLO traded down $0.04 on Tuesday, reaching $37.07. 7,454,413 shares of the company’s stock were exchanged, compared to its average volume of 11,222,367. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of -39.44 and a beta of 1.18. The business has a fifty day moving average of $41.18 and a 200-day moving average of $52.55. Oklo Inc. has a 52-week low of $34.38 and a 52-week high of $193.84.

Oklo (NYSE:OKLO) last posted its quarterly earnings data 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 analyst estimates of $0.09 million. During the same period last year, the firm posted ($0.18) earnings per share. The business’s revenue for the quarter was up 11900.0% on a year-over-year basis. As a group, equities analysts anticipate that Oklo Inc. will post -0.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on OKLO. Citigroup dropped their price target on shares of Oklo from $76.00 to $57.50 and set a “neutral” rating for the company in a research note on Monday, August 10th. Guggenheim assumed coverage on Oklo in a research note on Thursday, June 25th. They issued a “neutral” rating on the stock. Piper Sandler initiated coverage on Oklo in a report on Tuesday, September 8th. They issued an “overweight” rating and a $55.00 target price for the company. Canaccord Genuity Group lowered their target price on Oklo from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Finally, Truist Financial set a $51.00 price target on Oklo in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Oklo presently has a consensus rating of “Moderate Buy” and an average price target of $82.44.

Institutional Investors Weigh In On Oklo

Large investors have recently modified their holdings of the company. Van ECK Associates Corp raised its holdings in shares of Oklo by 13.9% in the 4th quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock valued at $283,902,000 after purchasing an additional 481,288 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Oklo by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company’s stock worth $201,671,000 after purchasing an additional 185,265 shares in the last quarter. Norges Bank purchased a new position in Oklo in the fourth quarter valued at $73,786,000. Clear Street Group Inc. raised its stake in Oklo by 110.5% in the fourth quarter. Clear Street Group Inc. now owns 842,172 shares of the company’s stock valued at $60,434,000 after buying an additional 442,172 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Oklo by 55.3% during the 1st 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. 85.03% of the stock is owned by hedge funds and other institutional investors.

Oklo Company Profile

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.