Richard Craig Bealmear Sells 16,342 Shares of Oklo (NYSE:OKLO) Stock

Oklo Inc. (NYSE:OKLO) CFO Richard Craig Bealmear sold 16,342 shares of Oklo stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $51.08, for a total transaction of $834,749.36. Following the completion of the transaction, the chief financial officer directly owned 386,008 shares of the company’s stock, valued at approximately $19,717,288.64. This represents a 4.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, March 13th, Richard Craig Bealmear sold 72,090 shares of Oklo stock. The shares were sold at an average price of $60.00, for a total transaction of $4,325,400.00.
• 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 transaction of $748,221.18.

Oklo Stock Performance

Oklo stock opened at $48.15 on Friday. The firm’s 50-day moving average is $63.84 and its 200-day moving average is $92.81. Oklo Inc. has a 1 year low of $17.42 and a 1 year high of $193.84. The company has a market cap of $8.36 billion, a P/E ratio of -66.87 and a beta of 0.93.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Tuesday, March 17th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.10). During the same quarter last year, the business earned ($0.74) EPS. As a group, sell-side analysts predict that Oklo Inc. will post -8.2 earnings per share for the current year.

Institutional Investors Weigh In On Oklo

Hedge funds have recently made changes to their positions in the business. Armstrong Advisory Group Inc. bought a new position in Oklo in the 3rd quarter worth approximately $27,000. Gables Capital Management Inc. bought a new stake in Oklo during the 3rd quarter valued at $28,000. Nemes Rush Group LLC bought a new stake in Oklo during the 3rd quarter valued at $28,000. CI Investments Inc. boosted its position in Oklo by 153.0% during the 3rd quarter. CI Investments Inc. now owns 296 shares of the company’s stock worth $33,000 after acquiring an additional 179 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in Oklo during the 3rd quarter worth $33,000. Institutional investors own 85.03% of the company’s stock.

Analyst Upgrades and Downgrades

OKLO has been the subject of several recent research reports. Barclays lowered their target price on Oklo from $146.00 to $82.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Craig Hallum restated a “hold” rating on shares of Oklo in a research report on Wednesday, March 18th. Zacks Research upgraded Oklo from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 19th. Canaccord Genuity Group dropped their target price on Oklo from $175.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Finally, B. Riley Financial cut their target price on Oklo from $129.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.30.

About Oklo

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.