Traders Buy Large Volume of Call Options on Oklo (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO - Get Free Report) saw some unusual options trading on Monday. Stock traders purchased 108,464 call options on the company. This represents an increase of 48% compared to the typical daily volume of 73,239 call options.

Oklo Stock Performance

OKLO stock traded up $5.21 during midday trading on Monday, reaching $61.29. 19,976,201 shares of the company traded hands, compared to its average volume of 14,729,462. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of -11.25 and a beta of 0.57. The business has a 50 day moving average of $49.25 and a 200-day moving average of $36.90. Oklo has a 52-week low of $5.35 and a 52-week high of $73.55.

Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.04. Research analysts anticipate that Oklo will post -8.2 earnings per share for the current year.

Analysts Set New Price Targets

OKLO has been the subject of several research analyst reports. Daiwa Capital Markets initiated coverage on Oklo in a research note on Friday. They issued a "neutral" rating and a $58.00 target price for the company. Citigroup restated a "neutral" rating on shares of Oklo in a research note on Wednesday, May 14th. BTIG Research initiated coverage on Oklo in a research note on Friday, April 11th. They issued a "neutral" rating for the company. CLSA upgraded Oklo from an "outperform" rating to a "moderate buy" rating and raised their target price for the company from $50.00 to $74.00 in a research note on Tuesday, May 27th. Finally, HC Wainwright started coverage on Oklo in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 target price for the company. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.43.

Insider Transactions at Oklo

In other Oklo news, Director Michael Stuart Klein sold 150,000 shares of the company's stock in a transaction dated 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 directly owned 250,000 shares in the company, valued at $15,685,000. This represents a 37.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jacob Dewitte sold 300,000 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $55.20, for a total value of $16,560,000.00. Following the transaction, the chief executive officer owned 10,105,098 shares in the company, valued at $557,801,409.60. This trade 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 over the last 90 days. 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 stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Oklo by 1.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company's stock valued at $104,646,000 after acquiring an additional 74,315 shares during the period. Vanguard Group Inc. boosted its holdings in Oklo by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company's stock worth $94,770,000 after buying an additional 37,718 shares during the last quarter. Compound Planning Inc. boosted its holdings in Oklo by 6.2% in the 1st quarter. Compound Planning Inc. now owns 964,827 shares of the company's stock worth $20,869,000 after buying an additional 56,437 shares during the last quarter. Portland Investment Counsel Inc. boosted its holdings in Oklo by 0.6% in the 1st quarter. Portland Investment Counsel Inc. now owns 807,580 shares of the company's stock worth $17,358,000 after buying an additional 5,000 shares during the last quarter. Finally, JAT Capital Mgmt LP acquired a new stake in Oklo in the 4th quarter worth about $14,798,000. 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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