Oklo Inc. (NYSE:OKLO - Get Free Report)'s share price fell 1.9% during trading on Friday . The company traded as low as $60.70 and last traded at $60.82. 4,269,908 shares were traded during trading, a decline of 69% from the average session volume of 13,898,338 shares. The stock had previously closed at $62.02.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on OKLO. HC Wainwright initiated coverage on Oklo in a research report on Wednesday, April 23rd. They set a "buy" rating and a $55.00 price objective for the company. Citigroup reaffirmed a "neutral" rating on shares of Oklo in a report on Wednesday, May 14th. CLSA raised Oklo from an "outperform" rating to a "moderate buy" rating and upped their price target for the company from $50.00 to $74.00 in a report on Tuesday, May 27th. Seaport Res Ptn raised Oklo from a "hold" rating to a "strong-buy" rating in a report on Monday, June 9th. Finally, William Blair initiated coverage on Oklo in a report on Wednesday, May 28th. They issued an "outperform" rating for the company. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $56.00.
View Our Latest Analysis on OKLO
Oklo Price Performance
The company has a 50 day moving average price of $39.05 and a 200 day moving average price of $32.85. The firm has a market cap of $8.40 billion, a PE ratio of -11.13 and a beta of 0.58.
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 analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director John M. Jansen acquired 6,000 shares of Oklo stock in a transaction dated Thursday, March 27th. The shares were acquired at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company's stock, valued at $147,420. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Co-Founder, CEO Jacob DeWitte 139,635 shares of the firm's stock in a transaction dated Friday, March 28th. Following the , the insider now owns 10,893,926 shares in the company, valued at approximately $249,253,026.88. This trade represents a 1.27% decrease in their ownership of the stock. The disclosure for this trade can be found here. 18.90% of the stock is owned by company insiders.
Institutional Trading of Oklo
Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Oklo by 92.8% in the fourth quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock valued at $92,216,000 after acquiring an additional 2,090,154 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Oklo in the fourth quarter valued at $2,209,000. Steward Partners Investment Advisory LLC increased its stake in Oklo by 2,386.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,325 shares of the company's stock valued at $198,000 after purchasing an additional 8,950 shares during the last quarter. Alliancebernstein L.P. acquired a new position in Oklo in the fourth quarter valued at $1,693,000. Finally, Sanctuary Advisors LLC increased its stake in Oklo by 115.9% in the fourth quarter. Sanctuary Advisors LLC now owns 26,590 shares of the company's stock valued at $565,000 after purchasing an additional 14,272 shares during the last quarter. 85.03% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Oklo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oklo wasn't on the list.
While Oklo currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
