Shares of Oklo Inc. (NYSE:OKLO - Get Free Report) rose 1.4% on Wednesday . The company traded as high as $38.62 and last traded at $38.11. Approximately 5,763,030 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 11,965,354 shares. The stock had previously closed at $37.57.
Analyst Ratings Changes
OKLO has been the subject of several analyst reports. Citigroup reissued a "neutral" rating on shares of Oklo in a research note on Wednesday, May 14th. BTIG Research initiated coverage on Oklo in a research report on Friday, April 11th. They set a "neutral" rating on the stock. Craig Hallum assumed coverage on Oklo in a research note on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price target for the company. Wedbush set a $45.00 target price on Oklo and gave the company an "outperform" rating in a research note on Wednesday, May 14th. Finally, HC Wainwright began coverage on Oklo in a report on Wednesday, April 23rd. They set a "buy" rating and a $55.00 target price for the company. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $46.40.
Read Our Latest Stock Analysis on OKLO
Oklo Stock Down 2.4%
The company's fifty day moving average price is $25.96 and its two-hundred day moving average price is $28.08. The company has a market cap of $5.10 billion, a price-to-earnings ratio of -6.80 and a beta of -0.02.
Oklo (NYSE:OKLO - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04. Research analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current year.
Insiders Place Their Bets
In other Oklo news, Director John M. Jansen bought 6,000 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were purchased at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $147,420. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jacob Dewitte sold 35,365 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $25.15, for a total transaction of $889,429.75. Following the transaction, the chief executive officer now owns 11,033,561 shares in the company, valued at approximately $277,494,059.15. The trade was a 0.32% decrease in their position. The disclosure for this sale can be found here. Insiders own 21.80% of the company's stock.
Institutional Trading of Oklo
Large investors have recently made changes to their positions in the company. Atomi Financial Group Inc. bought a new stake in shares of Oklo during the fourth quarter worth $19,285,000. Archford Capital Strategies LLC acquired a new position in Oklo in the fourth quarter valued at $212,000. Vanguard Group Inc. increased its stake in 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 purchasing an additional 2,090,154 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Oklo in the fourth quarter valued at $2,209,000. Finally, Barclays PLC bought a new stake in Oklo in the third quarter valued at $58,000. Institutional investors and hedge funds own 85.03% of the company's stock.
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.
Further Reading
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