Oklo Inc. (NYSE:OKLO - Get Free Report)'s stock price was up 1.2% during trading on Tuesday . The stock traded as high as $183.20 and last traded at $173.14. Approximately 26,025,317 shares traded hands during mid-day trading, an increase of 39% from the average daily volume of 18,715,141 shares. The stock had previously closed at $171.01.
Analysts Set New Price Targets
Several equities analysts recently issued reports on OKLO shares. Daiwa Capital Markets raised shares of Oklo from a "neutral" rating to an "outperform" rating in a report on Sunday, July 27th. HC Wainwright increased their target price on shares of Oklo from $55.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. BNP Paribas Exane initiated coverage on shares of Oklo in a research report on Friday, July 25th. They issued an "underperform" rating and a $14.00 price objective on the stock. Cantor Fitzgerald set a $73.00 price objective on shares of Oklo and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Finally, Citigroup raised their price objective on shares of Oklo from $30.00 to $68.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Oklo has an average rating of "Hold" and a consensus target price of $98.14.
Read Our Latest Report on Oklo
Oklo Price Performance
The company has a market cap of $25.56 billion, a PE ratio of -412.22 and a beta of 0.69. The business has a 50 day moving average of $95.52 and a 200 day moving average of $62.69.
Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). Sell-side analysts forecast that Oklo Inc. will post -8.2 EPS for the current fiscal year.
Insider Transactions at Oklo
In other Oklo news, CFO Richard Craig Bealmear sold 92,378 shares of Oklo stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $93.73, for a total value of $8,658,589.94. Following the sale, the chief financial officer owned 75,738 shares in the company, valued at $7,098,922.74. The trade was a 54.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jacob Dewitte sold 300,000 shares of the business's stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $112.26, for a total value of $33,678,000.00. Following the transaction, the chief executive officer directly owned 9,780,098 shares of the company's stock, valued at $1,097,913,801.48. The trade was a 2.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 491,387 shares of company stock valued at $52,698,580. 18.90% of the stock is owned by company insiders.
Institutional Investors Weigh In On Oklo
Institutional investors and hedge funds have recently modified their holdings of the company. Caldwell Sutter Capital Inc. purchased a new stake in shares of Oklo in the second quarter valued at $25,000. Private Trust Co. NA acquired a new position in Oklo in the second quarter worth about $25,000. Fourth Dimension Wealth LLC boosted its stake in Oklo by 125.0% in the second quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company's stock valued at $25,000 after acquiring an additional 250 shares during the period. Armstrong Advisory Group Inc. acquired a new position in Oklo in the third quarter valued at approximately $27,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Oklo during the second quarter worth approximately $28,000. Institutional investors and hedge funds own 85.03% of the company's stock.
About Oklo
(
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.
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