Oklo Inc. (NYSE:OKLO - Get Free Report) CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction on Friday, December 20th. The shares were sold at an average price of $21.61, for a total value of $4,982,596.09. Following the sale, the chief executive officer now directly owns 12,543,085 shares of the company's stock, valued at $271,056,066.85. This represents a 1.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
OKLO traded up $0.50 during midday trading on Monday, hitting $22.02. The stock had a trading volume of 16,850,926 shares, compared to its average volume of 6,244,267. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $28.12. The business has a fifty day moving average of $20.73 and a 200 day moving average of $12.52.
A number of institutional investors have recently made changes to their positions in OKLO. Barclays PLC purchased a new stake in Oklo during the 3rd quarter valued at about $58,000. Y Intercept Hong Kong Ltd bought a new stake in Oklo in the third quarter valued at approximately $94,000. Peapack Gladstone Financial Corp purchased a new stake in shares of Oklo during the third quarter valued at approximately $100,000. Sanctuary Advisors LLC bought a new position in shares of Oklo in the third quarter worth approximately $100,000. Finally, MML Investors Services LLC purchased a new position in shares of Oklo in the third quarter worth $104,000. Hedge funds and other institutional investors own 85.03% of the company's stock.
OKLO has been the subject of a number of research analyst reports. Citigroup dropped their price target on Oklo from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Tuesday, September 24th. Seaport Res Ptn raised shares of Oklo to a "hold" rating in a research note on Friday, September 6th. Wedbush assumed coverage on shares of Oklo in a research report on Thursday. They set an "outperform" rating and a $26.00 price objective on the stock. Finally, B. Riley started 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.
Read Our Latest Research Report on 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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Oklo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oklo wasn't on the list.
While Oklo currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.