Oklo (NYSE:OKLO) Trading Down 3.7% - Should You Sell?

Oklo Inc. (NYSE:OKLO - Get Free Report) fell 3.7% during trading on Monday . The company traded as low as $24.86 and last traded at $25.27. 2,525,083 shares changed hands during trading, a decline of 78% from the average session volume of 11,563,008 shares. The stock had previously closed at $26.24.

Analyst Ratings Changes

OKLO has been the subject of a number of recent research reports. B. Riley boosted their price objective on shares of Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Citigroup decreased their price objective on Oklo from $31.00 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. BTIG Research started coverage on Oklo in a report on Friday, April 11th. They set a "neutral" rating for the company. Wedbush restated an "outperform" rating and set a $45.00 price target on shares of Oklo in a research report on Tuesday, March 25th. Finally, HC Wainwright initiated coverage on Oklo in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $46.40.

Oklo Stock Performance

The firm has a market capitalization of $3.57 billion, a PE ratio of -2.54 and a beta of -0.01. The stock's 50-day simple moving average is $25.10 and its 200-day simple moving average is $27.21.

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

Insider Transactions at Oklo

In related news, Director John M. Jansen purchased 6,000 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The shares were bought at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the purchase, the director now directly owns 6,000 shares of the company's stock, valued at approximately $147,420. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jacob Dewitte sold 41,000 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $21.80, for a total value of $893,800.00. Following the transaction, the chief executive officer now directly owns 10,852,926 shares of the company's stock, valued at approximately $236,593,786.80. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.80% of the company's stock.

Institutional Investors Weigh In On Oklo

A number of institutional investors have recently modified their holdings of the stock. TD Waterhouse Canada Inc. bought a new position in Oklo in the 4th quarter worth about $27,000. Sandy Spring Bank bought a new position in shares of Oklo in the fourth quarter worth approximately $32,000. CoreCap Advisors LLC purchased a new stake in shares of Oklo during the fourth quarter valued at approximately $32,000. Covestor Ltd purchased a new stake in shares of Oklo during the fourth quarter valued at approximately $34,000. Finally, KBC Group NV bought a new stake in shares of Oklo during the first quarter valued at approximately $36,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

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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