Oklo Inc. (NYSE:OKLO - Get Free Report)'s share price traded up 2.3% during trading on Thursday . The company traded as high as $141.55 and last traded at $137.92. 17,191,533 shares were traded during mid-day trading, a decline of 7% from the average session volume of 18,513,820 shares. The stock had previously closed at $134.77.
Analyst Upgrades and Downgrades
OKLO has been the subject of a number of analyst reports. William Blair reissued an "outperform" rating on shares of Oklo in a research report on Tuesday, August 12th. BNP Paribas Exane initiated coverage on Oklo in a research report on Friday, July 25th. They set an "underperform" rating and a $14.00 price target on the stock. Citigroup raised their price objective on Oklo from $30.00 to $68.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. BNP Paribas raised Oklo to a "strong sell" rating in a research report on Friday, July 25th. Finally, Daiwa America raised Oklo from a "hold" rating to a "strong-buy" rating in a report on Sunday, July 27th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $98.14.
Read Our Latest Research Report on OKLO
Oklo Stock Up 2.3%
The stock's 50 day moving average price is $92.12 and its two-hundred day moving average price is $60.33. The stock has a market cap of $20.36 billion, a price-to-earnings ratio of -328.36 and a beta of 0.69.
Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.06). On average, analysts predict that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 9,780,098 shares of the company's stock, valued at approximately $1,097,913,801.48. The trade was a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $70.09, for a total transaction of $2,900,814.83. The disclosure for this sale can be found here. Over the last three months, insiders sold 491,387 shares of company stock valued at $52,698,580. Insiders own 18.90% of the company's stock.
Hedge Funds Weigh In On Oklo
A number of large investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers acquired a new position in shares of Oklo during the first quarter valued at approximately $65,000. Park Avenue Securities LLC acquired a new position in Oklo in the 1st quarter valued at $374,000. Redhawk Wealth Advisors Inc. acquired a new position in Oklo in the 1st quarter valued at $216,000. Noble Wealth Management PBC acquired a new position in Oklo in the 1st quarter valued at $104,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Oklo in the 1st quarter valued at $254,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.
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.
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