Caroline Cochran, Co-Founder and Chief Operating Officer of Oklo Inc. (NASDAQ:OKLO), recently sold a significant portion of her holdings in the company. The sale comes as Oklo’s stock has surged approximately 139% over the past six months, with analysts setting price targets ranging from $10 to $27. According to a Form 4 filing with the Securities and Exchange Commission, Cochran sold a total of 230,569 shares of Oklo’s Class A Common Stock on December 20, 2024. The transactions were executed at prices ranging from $20.075 to $21.7508 per share, resulting in total proceeds of approximately $4.98 million. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value, with high price volatility being a notable characteristic.
Following these transactions, Cochran retains direct ownership of 12,543,085 shares. Additionally, she indirectly holds 13,103,926 shares through her spouse, Jacob DeWitte. The sales were conducted in multiple transactions, with weighted average prices of $20.2428 and $21.6280 per share for the respective blocks of shares sold. For comprehensive insider trading analysis and 16 additional key insights about Oklo, visit InvestingPro.
In other recent news, Oklo Inc. has made significant strides in the clean energy sector. The company has entered a non-binding Master Power Agreement with Switch (NYSE:SWCH), outlining the provision of 12 gigawatts of power from Oklo’s Aurora powerhouses through 2044. This partnership aims to bolster Oklo’s operations and support the construction of its powerhouses across the United States. Additionally, Oklo has plans to acquire Atomic Alchemy Inc., a move set to enhance the supply chain for critical isotopes, essential for clean energy production in remote and off-grid environments.
Oklo has also reported a series of analyst initiations, with Wedbush initiating coverage with an Outperform rating and a price target of $26.00. Analysts from B. Riley and Citi have also initiated coverage, with B. Riley emphasizing the potential of the company’s advanced nuclear technology, while Citi maintained a neutral stance.
In terms of earnings and revenue, Oklo’s current project pipeline is progressing well, with the company reporting that it is 93% ahead of its planned deployment for 2027. The company has secured approximately 600MW of power under letters of intent, mainly from data centers, contributing to the 1,350 MW of power it aims to provide. These recent developments reflect Oklo’s ongoing efforts to advance in the clean energy sector.
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