Oklo Inc. (NYSE:OKLO - Get Free Report)'s stock price traded down 5.6% on Thursday . The company traded as low as $157.20 and last traded at $161.93. 23,052,123 shares were traded during trading, an increase of 23% from the average session volume of 18,814,902 shares. The stock had previously closed at $171.56.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Citigroup increased their price target on shares of Oklo from $30.00 to $68.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Craig Hallum downgraded shares of Oklo from a "buy" rating to a "hold" rating and set a $59.00 price target on the stock. in a research note on Monday, June 23rd. Daiwa America raised shares of Oklo from a "hold" rating to a "strong-buy" rating in a research note on Sunday, July 27th. Barclays set a $146.00 price target on shares of Oklo in a research note on Monday, September 29th. Finally, BNP Paribas raised shares of Oklo to a "strong sell" rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $98.14.
Check Out Our Latest Stock Analysis on OKLO
Oklo Trading Down 5.6%
The stock's 50 day moving average price is $99.08 and its 200 day moving average price is $64.21. The firm has a market cap of $23.90 billion, a PE ratio of -385.54 and a beta of 0.69.
Oklo (NYSE:OKLO - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). Analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current year.
Insider Activity
In related news, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $112.26, for a total transaction of $33,678,000.00. Following the sale, the chief executive officer owned 9,780,098 shares of the company's stock, valued at $1,097,913,801.48. The trade was a 2.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael Stuart Klein sold 50,000 shares of Oklo stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the sale, the director directly owned 150,000 shares in the company, valued at $20,064,000. This trade represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 491,387 shares of company stock worth $52,698,580. Corporate insiders own 18.90% of the company's stock.
Institutional Investors Weigh In On Oklo
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC acquired a new position in Oklo during the 1st quarter worth $229,000. Bouvel Investment Partners LLC acquired a new position in Oklo during the 2nd quarter worth $2,263,000. Cambridge Investment Research Advisors Inc. grew its holdings in Oklo by 66.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 68,577 shares of the company's stock worth $1,483,000 after acquiring an additional 27,458 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Oklo during the 1st quarter worth $413,000. Finally, Spire Wealth Management grew its holdings in Oklo by 14.1% during the 1st quarter. Spire Wealth Management now owns 3,896 shares of the company's stock worth $84,000 after acquiring an additional 481 shares in the last quarter. Hedge funds and other institutional investors 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.
See Also
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