Shares of Oklo Inc. (NYSE:OKLO - Get Free Report) traded up 9.9% on Thursday . The company traded as high as $110.82 and last traded at $104.75. 27,848,192 shares changed hands during mid-day trading, an increase of 57% from the average session volume of 17,727,773 shares. The stock had previously closed at $95.29.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. Daiwa Capital Markets upgraded Oklo from a "neutral" rating to an "outperform" rating in a research note on Sunday, July 27th. UBS Group assumed coverage on Oklo in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $65.00 price target for the company. Craig Hallum downgraded Oklo from a "buy" rating to a "hold" rating and set a $59.00 price target for the company. in a research note on Monday, June 23rd. Daiwa America raised Oklo from a "hold" rating to a "strong-buy" rating in a research report on Sunday, July 27th. Finally, BNP Paribas Exane assumed coverage on Oklo in a research note on Friday, July 25th. They issued an "underperform" rating and a $14.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $66.45.
Check Out Our Latest Stock Report on OKLO
Oklo Stock Performance
The stock has a market capitalization of $20.06 billion, a P/E ratio of -323.52 and a beta of 0.59. The firm has a 50-day moving average price of $75.63 and a 200 day moving average price of $50.61.
Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). On average, equities analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CFO Richard Craig Bealmear sold 7,622 shares of the firm's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $101.44, for a total value of $773,175.68. Following the completion of the sale, the chief financial officer directly owned 121,913 shares of the company's stock, valued at $12,366,854.72. This trade represents a 5.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Stuart Klein sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $54.85, for a total value of $2,742,500.00. Following the completion of the sale, the director directly owned 200,000 shares of the company's stock, valued at $10,970,000. The trade was a 20.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 491,387 shares of company stock valued at $31,635,080 over the last quarter. Company insiders own 18.90% of the company's stock.
Institutional Investors Weigh In On Oklo
Institutional investors and hedge funds have recently modified their holdings of the business. Private Trust Co. NA bought a new stake in shares of Oklo during the 2nd quarter worth approximately $25,000. Caldwell Sutter Capital Inc. bought a new stake in shares of Oklo during the 2nd quarter worth approximately $25,000. Fourth Dimension Wealth LLC lifted its stake in shares of Oklo by 125.0% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company's stock worth $25,000 after acquiring an additional 250 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Oklo during the 2nd quarter worth approximately $28,000. Finally, Creative Financial Designs Inc. ADV lifted its stake in shares of Oklo by 107.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company's stock worth $33,000 after acquiring an additional 305 shares during the last quarter. 85.03% of the stock is owned by institutional investors.
Oklo Company Profile
(
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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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