Oklo (NYSE:OKLO) Stock Price Up 6.2% - What's Next?

Oklo Inc. (NYSE:OKLO - Get Free Report) shares traded up 6.2% during trading on Thursday . The company traded as high as $25.27 and last traded at $24.83. 4,828,487 shares changed hands during trading, a decline of 70% from the average session volume of 16,213,894 shares. The stock had previously closed at $23.37.

Analyst Ratings Changes

OKLO has been the topic of several analyst reports. BTIG Research assumed coverage on Oklo in a research note on Friday, April 11th. They issued a "neutral" rating on the stock. HC Wainwright assumed coverage on Oklo in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price target on the stock. Craig Hallum assumed coverage on Oklo in a report on Tuesday, January 28th. They set a "buy" rating and a $44.00 price objective for the company. Citigroup lowered their target price on shares of Oklo from $31.00 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Finally, Wedbush reissued an "outperform" rating and set a $45.00 price target on shares of Oklo in a report on Tuesday, March 25th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $46.40.

Oklo Stock Up 3.2 %

The stock has a fifty day moving average of $26.45 and a 200-day moving average of $26.77. The firm has a market capitalization of $3.41 billion, a P/E ratio of -2.42 and a beta of -0.01.

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

Insider Buying and Selling at Oklo

In related news, CEO Jacob Dewitte sold 35,365 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $25.15, for a total value of $889,429.75. Following the transaction, the chief executive officer now owns 11,033,561 shares in the company, valued at $277,494,059.15. This trade represents a 0.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John M. Jansen acquired 6,000 shares of the company's stock in a transaction on Thursday, March 27th. The shares were purchased at an average cost of $24.57 per share, with a total value of $147,420.00. Following the completion of the acquisition, the director now directly owns 6,000 shares in the company, valued at approximately $147,420. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 21.80% of the company's stock.

Institutional Trading of Oklo

A number of institutional investors have recently bought and sold shares of OKLO. Vanguard Group Inc. boosted its position in shares of Oklo by 92.8% in the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock worth $92,216,000 after purchasing an additional 2,090,154 shares during the last quarter. Van ECK Associates Corp bought a new stake in shares of Oklo in the 4th quarter valued at about $38,661,000. Atomi Financial Group Inc. acquired a new stake in shares of Oklo in the 4th quarter valued at approximately $19,285,000. TimesSquare Capital Management LLC bought a new position in Oklo during the 4th quarter worth approximately $17,104,000. Finally, Geode Capital Management LLC bought a new position in Oklo during the 3rd quarter worth approximately $5,971,000. Institutional investors and hedge funds own 85.03% of the company's stock.

About Oklo

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.