Oklo Target of Unusually High Options Trading (NYSE:OKLO)

Key Points

• Oklo Inc. experienced a significant increase in options trading with 137,181 call options acquired, marking a 23% rise over its average daily volume.
• Following a trading session where shares rose by $5.35 to $79.10, Oklo's market cap is now approximately $11.68 billion, with a 52-week high of $85.35.
• Recent insider selling included CEO Jacob Dewitte unloading 300,000 shares for around $16.56 million, leading to a 2.88% reduction in his ownership stake.

Oklo Inc. (NYSE:OKLO - Get Free Report) saw unusually large options trading activity on Thursday. Traders acquired 137,181 call options on the stock. This represents an increase of 23% compared to the average daily volume of 111,270 call options.

Oklo Price Performance

Shares of OKLO traded up $5.35 during trading hours on Thursday, hitting $79.10. The company's stock had a trading volume of 16,510,618 shares, compared to its average volume of 17,622,447. The company has a market cap of $11.68 billion, a price-to-earnings ratio of -188.38 and a beta of 0.59. The business has a 50 day simple moving average of $69.50 and a two-hundred day simple moving average of $47.42. Oklo has a 52-week low of $5.93 and a 52-week high of $85.35.

Oklo (NYSE:OKLO - Get Free Report) last posted 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). Research analysts predict that Oklo will post -8.2 earnings per share for the current year.

Insider Transactions at Oklo

In related news, CEO Jacob Dewitte sold 300,000 shares of the stock in a transaction on Monday, June 30th. The shares were sold at an average price of $55.20, for a total transaction of $16,560,000.00. Following the transaction, the chief executive officer directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $70.09, for a total transaction of $2,900,814.83. The disclosure for this sale can be found here. Insiders sold a total of 641,387 shares of company stock worth $37,967,315 over the last three months. 18.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oklo

Several institutional investors have recently added to or reduced their stakes in OKLO. Centaurus Financial Inc. bought a new stake in shares of Oklo in the 2nd quarter worth approximately $138,000. Infini Capital Management Ltd purchased a new position in Oklo during the second quarter valued at $280,000. B. Riley Wealth Advisors Inc. bought a new stake in Oklo in the second quarter worth $323,000. Newbridge Financial Services Group Inc. grew its stake in shares of Oklo by 87.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 14,362 shares of the company's stock worth $804,000 after acquiring an additional 6,712 shares during the last quarter. Finally, Marex Group plc purchased a new stake in shares of Oklo in the second quarter worth $17,247,000. Hedge funds and other institutional investors own 85.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on OKLO shares. Cantor Fitzgerald set a $73.00 price objective on shares of Oklo and gave the company an "overweight" rating in a research note on Tuesday, July 15th. William Blair reissued an "outperform" rating on shares of Oklo in a research report on Tuesday, August 12th. BNP Paribas raised shares of Oklo to a "strong sell" rating in a research report on Friday, July 25th. Seaport Res Ptn raised shares of Oklo from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 9th. Finally, Craig Hallum downgraded shares of Oklo from a "buy" rating to a "hold" rating and set a $59.00 price objective for the company. in a report on Monday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $66.45.

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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