Richard Craig Bealmear Sells 72,090 Shares of Oklo (NYSE:OKLO) Stock

Oklo Inc. (NYSE:OKLOGet Free Report) CFO Richard Craig Bealmear sold 72,090 shares of Oklo stock in a transaction on Friday, March 13th. The shares were sold at an average price of $60.00, for a total value of $4,325,400.00. Following the completion of the sale, the chief financial officer directly owned 386,008 shares of the company’s stock, valued at $23,160,480. The trade was a 15.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Richard Craig Bealmear also recently made the following trade(s):

  • On Monday, February 2nd, Richard Craig Bealmear sold 9,726 shares of Oklo stock. The stock was sold at an average price of $76.93, for a total value of $748,221.18.
  • On Thursday, December 18th, Richard Craig Bealmear sold 5,159 shares of Oklo stock. The stock was sold at an average price of $76.97, for a total value of $397,088.23.
  • On Wednesday, December 17th, Richard Craig Bealmear sold 69,841 shares of Oklo stock. The stock was sold at an average price of $78.40, for a total transaction of $5,475,534.40.

Oklo Trading Up 1.8%

Shares of NYSE:OKLO opened at $60.75 on Wednesday. Oklo Inc. has a 52 week low of $17.42 and a 52 week high of $193.84. The company’s 50 day moving average is $75.08 and its two-hundred day moving average is $95.27. The company has a market cap of $9.49 billion, a PE ratio of -112.50 and a beta of 0.80.

Key Stories Impacting Oklo

Here are the key news stories impacting Oklo this week:

Institutional Investors Weigh In On Oklo

Several institutional investors have recently bought and sold shares of the business. Caprock Group LLC purchased a new stake in shares of Oklo during the 3rd quarter valued at about $14,829,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Oklo by 48.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 164,860 shares of the company’s stock worth $18,403,000 after acquiring an additional 54,080 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Oklo by 298.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 23,396 shares of the company’s stock worth $2,612,000 after acquiring an additional 17,526 shares during the period. Wealthedge Investment Advisors LLC purchased a new position in Oklo in the 2nd quarter worth approximately $738,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Oklo in the third quarter valued at approximately $2,177,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OKLO. The Goldman Sachs Group reissued a “neutral” rating and issued a $106.00 target price on shares of Oklo in a report on Friday, January 9th. Wedbush reaffirmed an “outperform” rating on shares of Oklo in a research report on Friday, January 9th. Citigroup reiterated a “neutral” rating on shares of Oklo in a research note on Monday, November 24th. Barclays decreased their price objective on Oklo from $146.00 to $82.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Finally, Texas Capital upgraded shares of Oklo to a “strong-buy” rating in a research report on Tuesday, January 27th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.93.

View Our Latest Stock Report on Oklo

About Oklo

(Get Free Report)

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.

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