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

Key Points

• Oklo shares gapped up premarket from $53.94 to an opening price of $59.09 and were last near $58.78 on a volume of about 7.02 million shares.
• Analyst sentiment is mixed but the consensus is a Moderate Buy with an average price target of $84.30, after several firms trimmed targets (e.g., Citigroup to $73.50, UBS to $60, Barclays to $82).
• The company missed quarterly EPS (‑$0.27 vs. ‑$0.17 expected) and sell‑side analysts forecast a negative FY EPS of about ‑8.2, while insiders sold roughly 818,766 shares (~$50.86M) in the last quarter, indicating sizable insider selling.

Oklo Inc. (NYSE:OKLO - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $53.94, but opened at $59.09. Oklo shares last traded at $58.7760, with a volume of 7,020,830 shares.

Analyst Ratings Changes

OKLO has been the topic of a number of recent analyst reports. Wedbush reissued an "outperform" rating on shares of Oklo in a research note on Friday, January 9th. Citigroup reduced their price objective on Oklo from $95.00 to $73.50 and set a "neutral" rating on the stock in a research note on Wednesday, March 18th. UBS Group cut their price target on Oklo from $95.00 to $60.00 and set a "neutral" rating on the stock in a research note on Thursday, March 26th. Barclays cut their price target on Oklo from $146.00 to $82.00 and set an "overweight" rating on the stock in a research note on Monday, February 23rd. Finally, Craig Hallum reaffirmed a "hold" rating on shares of Oklo in a research note on Wednesday, March 18th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $84.30.

Oklo Price Performance

The firm has a market cap of $9.98 billion, a price-to-earnings ratio of -79.85 and a beta of 0.93. The firm has a 50 day moving average price of $59.76 and a 200-day moving average price of $89.44.

Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings results on Tuesday, March 17th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.10). During the same quarter last year, the business earned ($0.74) earnings per share. On average, sell-side analysts expect that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Activity at Oklo

In related news, insider William Carroll Murphy Goodwin sold 2,820 shares of the company's stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $56.69, for a total value of $159,865.80. Following the completion of the sale, the insider owned 15,991 shares in the company, valued at approximately $906,529.79. This represents a 14.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Richard Craig Bealmear sold 16,342 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $51.08, for a total value of $834,749.36. Following the completion of the sale, the chief financial officer owned 386,008 shares of the company's stock, valued at $19,717,288.64. This trade represents a 4.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 818,766 shares of company stock worth $50,855,915. 18.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Oklo

Several large investors have recently modified their holdings of OKLO. NBC Securities Inc. increased its holdings in shares of Oklo by 75.0% in the fourth quarter. NBC Securities Inc. now owns 350 shares of the company's stock worth $25,000 after acquiring an additional 150 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Oklo by 356.3% in the fourth quarter. GAMMA Investing LLC now owns 365 shares of the company's stock worth $26,000 after acquiring an additional 285 shares in the last quarter. Armstrong Advisory Group Inc. bought a new stake in shares of Oklo in the third quarter worth about $27,000. Gables Capital Management Inc. bought a new stake in shares of Oklo in the third quarter worth about $28,000. Finally, Nemes Rush Group LLC bought a new stake in shares of Oklo in the third quarter worth about $28,000. 85.03% of the stock is currently owned by institutional investors.

About Oklo

Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.

The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.

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