Oklo (NYSE:OKLO) Shares Gap Down - What's Next?

Oklo Inc. (NYSE:OKLO - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $37.72, but opened at $35.53. Oklo shares last traded at $38.61, with a volume of 5,176,025 shares changing hands.

Wall Street Analyst Weigh In

OKLO has been the topic of several analyst reports. Citigroup reaffirmed a "neutral" rating on shares of Oklo in a research note on Wednesday, May 14th. BTIG Research started coverage on shares of Oklo in a report on Friday, April 11th. They issued a "neutral" rating for the company. Craig Hallum started coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a "buy" rating and a $44.00 target price for the company. HC Wainwright started coverage on shares of Oklo in a research note on Wednesday, April 23rd. They set a "buy" rating and a $55.00 target price for the company. Finally, B. Riley boosted their target price on shares of Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Oklo has an average rating of "Moderate Buy" and a consensus price target of $46.40.

Oklo Stock Performance

The stock has a market cap of $5.32 billion, a price-to-earnings ratio of -7.11 and a beta of -0.02. The company's 50 day simple moving average is $25.42 and its two-hundred day simple moving average is $27.89.

Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly 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. On average, equities research analysts predict that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Oklo

In other news, Director John M. Jansen purchased 6,000 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average cost of $24.57 per share, with a total value of $147,420.00. Following the acquisition, the director now directly owns 6,000 shares of the company's stock, valued at approximately $147,420. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jacob Dewitte sold 35,365 shares of Oklo stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $25.15, for a total transaction of $889,429.75. Following the transaction, the chief executive officer now directly owns 11,033,561 shares of the company's stock, valued at $277,494,059.15. This represents a 0.32% 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

Several institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Oklo by 1.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company's stock worth $104,646,000 after acquiring an additional 74,315 shares during the period. Vanguard Group Inc. grew its holdings in shares of Oklo by 0.9% during the 1st 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 last quarter. Van ECK Associates Corp bought a new stake in shares of Oklo during the 4th quarter valued at approximately $38,661,000. Compound Planning Inc. grew its holdings in shares of Oklo by 6.2% during the 1st 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 last quarter. Finally, Atomi Financial Group Inc. bought a new stake in shares of Oklo during the 4th quarter valued at approximately $19,285,000. Institutional investors and hedge funds 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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