Oklo (NYSE:OKLO) Trading Up 3.9% - Time to Buy?

Key Points

• Oklo Inc. (NYSE:OKLO) saw a 3.9% increase in trading, with shares last priced at $124.86, up from a previous close of $120.12.
• The average analyst rating for Oklo is currently "Hold", with a price target of $98.14, reflecting mixed perspectives from various analysts.
• Insider transactions revealed significant sales, including 50,000 shares sold by Director Michael Stuart Klein and 92,378 shares by CFO Richard Craig Bealmear, indicating notable shifts in insider positions.

Oklo Inc. (NYSE:OKLO - Get Free Report) was up 3.9% during trading on Thursday . The company traded as high as $129.18 and last traded at $124.86. Approximately 18,058,793 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 18,902,582 shares. The stock had previously closed at $120.12.

Analyst Ratings Changes

A number of research analysts have commented on OKLO shares. BNP Paribas Exane started coverage on Oklo in a research note on Friday, July 25th. They issued an "underperform" rating and a $14.00 target price on the stock. Barclays set a $146.00 price target on Oklo in a research note on Monday, September 29th. The Goldman Sachs Group started coverage on Oklo in a research note on Thursday, September 25th. They set a "neutral" rating and a $117.00 price target for the company. BTIG Research reiterated a "neutral" rating on shares of Oklo in a research note on Tuesday, August 12th. Finally, BNP Paribas upgraded Oklo to a "strong sell" rating in a research note on Friday, July 25th. One research 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 issued a Sell rating to the company. Based on data from MarketBeat, Oklo presently has an average rating of "Hold" and an average price target of $98.14.

Oklo Stock Performance

The firm has a 50 day moving average of $106.29 and a two-hundred day moving average of $68.58. The stock has a market cap of $18.43 billion, a P/E ratio of -297.28 and a beta of 0.69.

Oklo (NYSE:OKLO - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). On average, sell-side analysts anticipate that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Transactions at Oklo

In other Oklo news, Director Michael Stuart Klein sold 50,000 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $133.76, for a total value of $6,688,000.00. Following the completion of the transaction, the director owned 150,000 shares of the company's stock, valued at $20,064,000. This represents a 25.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Richard Craig Bealmear sold 92,378 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $93.73, for a total value of $8,658,589.94. Following the completion of the transaction, the chief financial officer directly owned 75,738 shares of the company's stock, valued at approximately $7,098,922.74. This trade represents a 54.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 491,387 shares of company stock worth $52,698,580. Insiders own 18.90% of the company's stock.

Hedge Funds Weigh In On Oklo

Hedge funds have recently modified their holdings of the stock. Armstrong Advisory Group Inc. acquired a new position in shares of Oklo in the 3rd quarter worth approximately $27,000. Private Trust Co. NA acquired a new position in shares of Oklo in the 2nd quarter worth approximately $25,000. Caldwell Sutter Capital Inc. acquired a new position in shares of Oklo in the 2nd quarter worth approximately $25,000. Fourth Dimension Wealth LLC raised its holdings in shares of Oklo by 125.0% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company's stock worth $25,000 after buying an additional 250 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Oklo in the 2nd quarter worth approximately $28,000. 85.03% of the stock is owned by institutional investors and hedge funds.

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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