Shares of Oklo Inc. (NYSE:OKLO - Get Free Report) reached a new 52-week high on Friday after Wedbush raised their price target on the stock from $55.00 to $75.00. Wedbush currently has an outperform rating on the stock. Oklo traded as high as $71.00 and last traded at $64.32, with a volume of 37910095 shares trading hands. The stock had previously closed at $68.03.
Other research analysts have also recently issued reports about the stock. Citigroup reaffirmed a "neutral" rating on shares of Oklo in a report on Wednesday, May 14th. HC Wainwright assumed coverage on Oklo in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price objective on the stock. CLSA upgraded Oklo from an "outperform" rating to a "moderate buy" rating and increased their target price for the company from $50.00 to $74.00 in a research note on Tuesday, May 27th. William Blair began coverage on Oklo in a research note on Wednesday, May 28th. They issued an "outperform" rating for the company. Finally, Seaport Res Ptn raised Oklo from a "hold" rating to a "strong-buy" rating in a research report on Monday. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.
Check Out Our Latest Research Report on OKLO
Insider Activity
In other Oklo news, Director John M. Jansen acquired 6,000 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were bought at an average price of $24.57 per share, with a total value of $147,420.00. Following the completion of the acquisition, the director now owns 6,000 shares in the company, valued at $147,420. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jacob Dewitte sold 41,000 shares of the business's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $21.80, for a total transaction of $893,800.00. Following the sale, the chief executive officer now owns 10,852,926 shares of the company's stock, valued at $236,593,786.80. This trade represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.80% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers purchased a new stake in shares of Oklo in the 1st quarter worth $65,000. Intrua Financial LLC lifted its position in Oklo by 4.2% during the first quarter. Intrua Financial LLC now owns 13,375 shares of the company's stock valued at $289,000 after purchasing an additional 535 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Oklo by 24.8% during the first quarter. Geneos Wealth Management Inc. now owns 36,973 shares of the company's stock valued at $800,000 after purchasing an additional 7,352 shares during the period. Flaharty Asset Management LLC purchased a new stake in Oklo in the first quarter worth about $54,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Oklo by 90.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 112,772 shares of the company's stock worth $2,439,000 after buying an additional 53,703 shares during the period. Hedge funds and other institutional investors own 85.03% of the company's stock.
Oklo Stock Down 1.2%
The stock has a market cap of $8.87 billion, a P/E ratio of -11.77 and a beta of 0.58. The firm has a 50 day moving average price of $34.95 and a 200 day moving average price of $31.44.
Oklo (NYSE:OKLO - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04. Equities analysts predict that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.
Oklo Company Profile
(
Get Free Report)
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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