Oklo (NYSE:OKLO) Hits New 1-Year High - What's Next?

Key Points

• Oklo Inc. shares reached a new 52-week high of $173.67 and last traded at $169.20, with a significant trading volume of over 10 million shares.
• Analysts have mixed ratings for Oklo, with one "Strong Buy," eight "Buy," seven "Hold," and three "Sell" ratings, reflecting a consensus "Hold" rating and a price target of $98.14.
• Insiders have sold a total of 491,387 shares of Oklo, valued at approximately $52.7 million, with significant sales occurring in September.

Oklo Inc. (NYSE:OKLO - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $173.67 and last traded at $169.20, with a volume of 10020478 shares traded. The stock had previously closed at $147.16.

Analyst Upgrades and Downgrades

Several research analysts have commented on OKLO shares. Seaport Res Ptn cut shares of Oklo from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 23rd. Craig Hallum cut shares of Oklo from a "buy" rating to a "hold" rating and set a $59.00 target price for the company. in a report on Monday, June 23rd. Barclays set a $146.00 price target on shares of Oklo in a report on Monday, September 29th. William Blair restated an "outperform" rating on shares of Oklo in a report on Tuesday, August 12th. Finally, Daiwa Capital Markets upgraded shares of Oklo from a "neutral" rating to an "outperform" rating in a report on Sunday, July 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Oklo presently has a consensus rating of "Hold" and a consensus price target of $98.14.

Oklo Price Performance

The stock has a market capitalization of $24.66 billion, a price-to-earnings ratio of -397.56 and a beta of 0.69. The stock's 50 day simple moving average is $93.63 and its 200-day simple moving average is $61.65.

Oklo (NYSE:OKLO - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). As a group, equities research analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Oklo

In other Oklo news, Director Michael Stuart Klein sold 50,000 shares of Oklo stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $133.76, for a total value of $6,688,000.00. Following the completion of the sale, the director directly owned 150,000 shares in the company, valued at $20,064,000. The trade was a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of Oklo stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $70.09, for a total transaction of $2,900,814.83. The disclosure for this sale can be found here. Insiders have sold 491,387 shares of company stock valued at $52,698,580 over the last three months. 18.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Oklo

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Oklo by 0.9% in the first quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company's stock valued at $94,770,000 after purchasing an additional 37,718 shares during the period. Geode Capital Management LLC raised its position in shares of Oklo by 195.9% in the second quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company's stock valued at $125,906,000 after purchasing an additional 1,488,482 shares during the period. State Street Corp raised its position in shares of Oklo by 454.5% in the second quarter. State Street Corp now owns 2,138,658 shares of the company's stock valued at $119,743,000 after purchasing an additional 1,752,946 shares during the period. Compound Planning Inc. raised its position in shares of Oklo by 6.2% in the first quarter. Compound Planning Inc. now owns 964,827 shares of the company's stock valued at $20,869,000 after purchasing an additional 56,437 shares during the period. Finally, Portland Investment Counsel Inc. increased its position in Oklo by 0.6% during the first quarter. Portland Investment Counsel Inc. now owns 807,580 shares of the company's stock worth $17,358,000 after acquiring an additional 5,000 shares during the period. Institutional investors own 85.03% of the company's stock.

Oklo Company Profile

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.

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