Oklo Inc. (NYSE:OKLO - Get Free Report) shares were up 1.2% during mid-day trading on Thursday . The stock traded as high as $67.93 and last traded at $65.14. Approximately 10,049,862 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 14,863,792 shares. The stock had previously closed at $64.37.
Analyst Ratings Changes
A number of brokerages recently commented on OKLO. Daiwa Capital Markets initiated coverage on Oklo in a research note on Friday, July 11th. They issued a "neutral" rating and a $58.00 price target for the company. Daiwa America upgraded Oklo to a "hold" rating in a report on Friday, July 11th. Cantor Fitzgerald set a $73.00 price objective on Oklo and gave the stock an "overweight" rating in a report on Tuesday. Wedbush set a $75.00 price target on Oklo and gave the company an "outperform" rating in a report on Thursday, June 12th. Finally, CLSA upgraded Oklo from an "outperform" rating to a "moderate buy" rating and raised their price target for the company from $50.00 to $74.00 in a report on Tuesday, May 27th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $60.25.
Get Our Latest Analysis on Oklo
Oklo Stock Performance
The stock has a fifty day moving average of $51.38 and a 200 day moving average of $37.54. The company has a market capitalization of $9.39 billion, a PE ratio of -12.43 and a beta of 0.57.
Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04. As a group, equities analysts predict that Oklo Inc. will post -8.2 EPS for the current year.
Insider Buying and Selling at Oklo
In other Oklo news, Director Michael Stuart Klein sold 150,000 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $62.74, for a total value of $9,411,000.00. Following the transaction, the director owned 250,000 shares of the company's stock, valued at $15,685,000. This represents a 37.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jacob Dewitte sold 300,000 shares of the company's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $55.20, for a total value of $16,560,000.00. Following the completion of the sale, the chief executive officer owned 10,105,098 shares of the company's stock, valued at $557,801,409.60. This represents a 2.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 600,000 shares of company stock worth $35,066,500 in the last ninety days. 18.90% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of OKLO. MRA Advisory Group increased its position in shares of Oklo by 2.8% in the second quarter. MRA Advisory Group now owns 9,770 shares of the company's stock valued at $547,000 after buying an additional 266 shares in the last quarter. Barclays PLC increased its position in shares of Oklo by 5.7% during the fourth quarter. Barclays PLC now owns 7,666 shares of the company's stock worth $163,000 after purchasing an additional 416 shares in the last quarter. Caldwell Sutter Capital Inc. purchased a new stake in shares of Oklo during the second quarter worth approximately $25,000. Signaturefd LLC increased its position in shares of Oklo by 5.4% during the first quarter. Signaturefd LLC now owns 8,962 shares of the company's stock worth $194,000 after purchasing an additional 462 shares in the last quarter. Finally, Spire Wealth Management increased its position in shares of Oklo by 14.1% during the first quarter. Spire Wealth Management now owns 3,896 shares of the company's stock worth $84,000 after purchasing an additional 481 shares in the last quarter. 85.03% of the stock is currently owned by hedge funds and other institutional investors.
About Oklo
(
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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.
Further Reading
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