Oklo (NYSE:OKLO) Trading 2.2% Higher - What's Next?

Oklo Inc. (NYSE:OKLO - Get Free Report) traded up 2.2% on Monday . The stock traded as high as $30.25 and last traded at $28.70. 7,236,690 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 11,567,957 shares. The stock had previously closed at $28.09.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Citigroup lowered their price target on Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. BTIG Research assumed coverage on Oklo in a report on Friday, April 11th. They issued a "neutral" rating for the company. Craig Hallum assumed coverage on Oklo in a report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price target for the company. Wedbush reissued an "outperform" rating and issued a $45.00 price target on shares of Oklo in a report on Tuesday, March 25th. Finally, B. Riley raised their price target on Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $46.40.

Oklo Stock Up 2.8%

The company has a market capitalization of $4.02 billion, a PE ratio of -2.85 and a beta of -0.02. The firm has a 50-day moving average of $24.61 and a two-hundred day moving average of $27.48.

Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings data on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). Equities analysts predict that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jacob Dewitte sold 41,000 shares of Oklo stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $21.80, for a total value of $893,800.00. Following the sale, the chief executive officer now directly owns 10,852,926 shares of the company's stock, valued at $236,593,786.80. The trade was a 0.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John M. Jansen purchased 6,000 shares of the stock in a transaction dated Thursday, March 27th. The stock was purchased at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the purchase, the director now directly owns 6,000 shares of the company's stock, valued at approximately $147,420. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 21.80% of the company's stock.

Institutional Trading of Oklo

A number of institutional investors have recently made changes to their positions in the company. Barclays PLC acquired a new position in Oklo during the third quarter worth $58,000. Sovereign Financial Group Inc. acquired a new position in Oklo during the fourth quarter worth $461,000. Wolff Wiese Magana LLC acquired a new position in Oklo during the fourth quarter worth $99,000. Hamilton Lane Advisors LLC acquired a new position in Oklo during the fourth quarter worth $2,182,000. Finally, Joule Financial LLC acquired a new position in shares of Oklo in the 4th quarter valued at $1,963,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Oklo Company Profile

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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