Oklo (NYSE:OKLO) Trading Up 1.5% - Should You Buy?

Oklo Inc. (NYSE:OKLO - Get Free Report) rose 1.5% on Friday . The company traded as high as $57.65 and last traded at $56.28. Approximately 4,949,859 shares changed hands during trading, a decline of 66% from the average daily volume of 14,590,807 shares. The stock had previously closed at $55.45.

Wall Street Analysts Forecast Growth

OKLO has been the subject of a number of recent analyst reports. BTIG Research assumed coverage on Oklo in a research note on Friday, April 11th. They set a "neutral" rating for the company. CLSA upgraded Oklo from an "outperform" rating to a "moderate buy" rating and boosted their price target for the company from $50.00 to $74.00 in a report on Tuesday, May 27th. William Blair started coverage on Oklo in a report on Wednesday, May 28th. They issued an "outperform" rating for the company. Citigroup reiterated a "neutral" rating on shares of Oklo in a report on Wednesday, May 14th. Finally, Wedbush set a $75.00 price target on Oklo and gave the company an "outperform" rating in a report on Thursday, June 12th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $58.50.

Oklo Trading Up 1.1%

The firm has a market cap of $7.82 billion, a price-to-earnings ratio of -10.36 and a beta of 0.57. The stock has a 50-day moving average of $49.25 and a 200-day moving average of $36.72.

Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.04. As a group, research analysts expect that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Oklo news, Director Michael Stuart Klein sold 150,000 shares of the business's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $62.74, for a total transaction of $9,411,000.00. Following the completion of the transaction, the director owned 250,000 shares in the company, valued at approximately $15,685,000. The trade was a 37.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jacob Dewitte sold 300,000 shares of the business's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $55.20, for a total value of $16,560,000.00. Following the transaction, the chief executive officer owned 10,105,098 shares of the company's stock, valued at $557,801,409.60. This trade represents a 2.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 600,000 shares of company stock valued at $35,066,500 in the last 90 days. Insiders own 18.90% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Caldwell Sutter Capital Inc. bought a new stake in shares of Oklo in the 2nd quarter worth approximately $25,000. TD Waterhouse Canada Inc. bought a new stake in shares of Oklo in the 4th quarter worth approximately $27,000. Sandy Spring Bank bought a new stake in shares of Oklo in the 4th quarter worth approximately $32,000. CoreCap Advisors LLC bought a new stake in shares of Oklo in the 4th quarter worth approximately $32,000. Finally, Covestor Ltd bought a new stake in shares of Oklo in the 4th quarter worth approximately $34,000. 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.