Oklo (NYSE:OKLO) Stock Price Down 1.4% - Time to Sell?

Oklo Inc. (NYSE:OKLO - Get Free Report) fell 1.4% during trading on Tuesday . The stock traded as low as $23.55 and last traded at $24.14. 2,304,430 shares changed hands during trading, a decline of 80% from the average session volume of 11,601,614 shares. The stock had previously closed at $24.49.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OKLO. Wedbush reiterated an "outperform" rating and issued a $45.00 target price on shares of Oklo in a report on Tuesday, March 25th. HC Wainwright initiated coverage on Oklo in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price objective for the company. B. Riley increased their target price on Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Citigroup cut their target price on Oklo from $31.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. Finally, Craig Hallum assumed coverage on shares of Oklo in a research report on Tuesday, January 28th. They set a "buy" rating and a $44.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $46.40.

Oklo Stock Up 11.7 %

The company has a 50 day moving average of $25.37 and a 200-day moving average of $26.84. The stock has a market capitalization of $3.69 billion, a P/E ratio of -2.62 and a beta of -0.01.

Oklo (NYSE:OKLO - Get Free Report) last posted its earnings results on Monday, March 24th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). Equities analysts forecast that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Activity at Oklo

In other news, CEO Jacob Dewitte sold 41,000 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $21.80, for a total value of $893,800.00. Following the completion of the sale, the chief executive officer now owns 10,852,926 shares in the company, valued at $236,593,786.80. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John M. Jansen acquired 6,000 shares of Oklo stock in a transaction that occurred on Thursday, March 27th. The stock was acquired at an average cost of $24.57 per share, with a total value of $147,420.00. Following the completion of the purchase, the director now owns 6,000 shares in the company, valued at approximately $147,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 21.80% of the company's stock.

Institutional Trading of Oklo

Institutional investors have recently bought and sold shares of the company. Barclays PLC raised its stake in shares of Oklo by 5.7% in the 4th quarter. Barclays PLC now owns 7,666 shares of the company's stock valued at $163,000 after acquiring an additional 416 shares in the last quarter. Spire Wealth Management grew its stake in Oklo by 14.1% during the first quarter. Spire Wealth Management now owns 3,896 shares of the company's stock worth $84,000 after buying an additional 481 shares during the last quarter. Ancora Advisors LLC lifted its holdings in Oklo by 18.2% during the 4th quarter. Ancora Advisors LLC now owns 4,610 shares of the company's stock worth $98,000 after buying an additional 710 shares in the last quarter. Sowell Financial Services LLC boosted its holdings in Oklo by 5.4% in the first quarter. Sowell Financial Services LLC now owns 15,275 shares of the company's stock valued at $330,000 after acquiring an additional 782 shares during the last quarter. Finally, TD Waterhouse Canada Inc. bought a new position in shares of Oklo in the 4th quarter valued at about $27,000. 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.