Investors Purchase High Volume of Oklo Call Options (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO - Get Free Report) was the target of unusually large options trading on Friday. Stock traders bought 106,367 call options on the company. This represents an increase of 48% compared to the typical volume of 71,645 call options.

Oklo Stock Performance

Shares of Oklo stock traded down $0.53 during trading on Friday, hitting $55.33. 43,140,200 shares of the stock were exchanged, compared to its average volume of 14,296,119. Oklo has a 12 month low of $5.35 and a 12 month high of $73.55. The stock's fifty day moving average is $42.53 and its 200 day moving average is $34.11. The stock has a market cap of $7.72 billion, a PE ratio of -10.23 and a beta of 0.58.

Oklo (NYSE:OKLO - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.04. Sell-side analysts anticipate that Oklo will post -8.2 EPS for the current fiscal year.

Insider Transactions at Oklo

In other news, CEO Jacob Dewitte sold 41,000 shares of the company's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $21.80, for a total value of $893,800.00. Following the completion of the sale, the chief executive officer now owns 10,852,926 shares of the company's stock, valued at $236,593,786.80. This represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Stuart Klein sold 150,000 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $62.74, for a total value of $9,411,000.00. Following the sale, the director now owns 250,000 shares in the company, valued at approximately $15,685,000. The trade was a 37.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 341,000 shares of company stock worth $19,400,300 in the last ninety days. Insiders own 18.90% of the company's stock.

Institutional Trading of Oklo

Hedge funds have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. bought a new stake in shares of Oklo during the 4th quarter worth about $27,000. CoreCap Advisors LLC bought a new position in Oklo during the 4th quarter valued at $32,000. Sandy Spring Bank acquired a new position in shares of Oklo during the 4th quarter valued at $32,000. Covestor Ltd bought a new stake in shares of Oklo in the 4th quarter worth $34,000. Finally, KBC Group NV bought a new stake in shares of Oklo in the 1st quarter worth $36,000. Institutional investors own 85.03% of the company's stock.

Wall Street Analyst Weigh In

OKLO has been the subject of several recent analyst reports. William Blair began coverage on Oklo in a research note on Wednesday, May 28th. They set an "outperform" rating for the company. HC Wainwright began coverage on Oklo in a report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price target for the company. BTIG Research began coverage on shares of Oklo in a research note on Friday, April 11th. They set a "neutral" rating for the company. Craig Hallum downgraded shares of Oklo from a "buy" rating to a "hold" rating and set a $59.00 price target on the stock. in a research report on Monday. Finally, Wedbush set a $75.00 price target on shares of Oklo and gave the company an "outperform" rating in a report on Thursday, June 12th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $58.50.

About 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 contact@marketbeat.com.