Oklo Inc. (NYSE:OKLO - Get Free Report)'s stock price fell 4.5% during mid-day trading on Tuesday . The stock traded as low as $37.12 and last traded at $37.94. 9,169,236 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 11,935,991 shares. The stock had previously closed at $39.73.
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. Citigroup reiterated a "neutral" rating on shares of Oklo in a report on Wednesday, May 14th. Wedbush set a $45.00 target price on shares of Oklo and gave the company an "outperform" rating in a research note on Wednesday, May 14th. Craig Hallum began coverage on shares of Oklo in a report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 target price for the company. BTIG Research started coverage on shares of Oklo in a report on Friday, April 11th. They set a "neutral" rating on the stock. Finally, B. Riley lifted their target price on Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $46.40.
Check Out Our Latest Stock Report on OKLO
Oklo Stock Down 2.5%
The firm has a 50 day moving average price of $25.69 and a 200 day moving average price of $28.01. The stock has a market cap of $5.39 billion, a PE ratio of -6.91 and a beta of -0.02.
Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.04. Equities analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current year.
Insider Buying and Selling at Oklo
In related news, Director John M. Jansen purchased 6,000 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was acquired at an average price of $24.57 per share, with a total value of $147,420.00. Following the completion of the acquisition, the director now owns 6,000 shares in the company, valued at approximately $147,420. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jacob Dewitte sold 35,365 shares of the company's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total value of $889,429.75. Following the completion of the transaction, the chief executive officer now directly owns 11,033,561 shares in the company, valued at approximately $277,494,059.15. The trade was a 0.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.80% of the company's stock.
Institutional Investors Weigh In On Oklo
Institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Oklo by 1.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company's stock valued at $104,646,000 after acquiring an additional 74,315 shares during the period. Vanguard Group Inc. raised its holdings in shares of Oklo by 0.9% during the first quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company's stock worth $94,770,000 after purchasing an additional 37,718 shares during the last quarter. Van ECK Associates Corp acquired a new position in Oklo during the fourth quarter valued at $38,661,000. Compound Planning Inc. lifted its position in Oklo by 6.2% during the first quarter. Compound Planning Inc. now owns 964,827 shares of the company's stock valued at $20,869,000 after purchasing an additional 56,437 shares during the period. Finally, Atomi Financial Group Inc. purchased a new stake in Oklo in the fourth quarter valued at $19,285,000. 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.
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