Oklo (NYSE:OKLO) Trading Up 0.2% - Should You Buy?

Oklo Inc. (NYSE:OKLO - Get Free Report) shares traded up 0.2% during mid-day trading on Monday . The stock traded as high as $25.25 and last traded at $23.78. 2,966,641 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 11,623,730 shares. The stock had previously closed at $23.74.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on OKLO shares. Citigroup cut their target price on Oklo from $31.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. B. Riley upped 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. Wedbush reaffirmed an "outperform" rating and set a $45.00 target price on shares of Oklo in a research report on Tuesday, March 25th. HC Wainwright assumed coverage on shares of Oklo in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price target for the company. Finally, BTIG Research began coverage on Oklo in a report on Friday, April 11th. They issued a "neutral" rating for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Oklo currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.40.

Oklo Stock Down 0.6 %

The stock has a fifty day moving average of $26.45 and a 200-day moving average of $26.77. The firm has a market capitalization of $3.28 billion, a P/E ratio of -2.32 and a beta of -0.01.

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

Insiders Place Their Bets

In related news, CEO Jacob Dewitte sold 35,365 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total transaction of $889,429.75. Following the sale, the chief executive officer now owns 11,033,561 shares in the company, valued at approximately $277,494,059.15. This trade represents a 0.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John M. Jansen purchased 6,000 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was purchased at an average price of $24.57 per share, with a total value of $147,420.00. Following the completion of the purchase, the director now directly owns 6,000 shares in the company, valued at $147,420. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 21.80% of the company's stock.

Hedge Funds Weigh In On Oklo

Large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Oklo by 1.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company's stock worth $104,646,000 after buying an additional 74,315 shares during the period. Vanguard Group Inc. raised its stake in Oklo by 92.8% during the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock worth $92,216,000 after buying an additional 2,090,154 shares during the period. Van ECK Associates Corp acquired a new stake in Oklo in the fourth quarter valued at approximately $38,661,000. Atomi Financial Group Inc. acquired a new position in shares of Oklo during the fourth quarter worth approximately $19,285,000. Finally, TimesSquare Capital Management LLC bought a new stake in Oklo during the 4th quarter valued at $17,104,000. Institutional investors own 85.03% of the company's stock.

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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