Oklo (NYSE:OKLO) Trading Up 0.1% – Here’s Why

Oklo Inc. (NYSE:OKLO) shares traded up 0.1% on Wednesday . The stock traded as high as $21.85 and last traded at $20.25. 4,566,674 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 11,745,860 shares. The stock had previously closed at $20.23.

Wall Street Analyst Weigh In

Several research analysts recently commented on OKLO shares. Citigroup reduced their price objective on shares of Oklo from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. B. Riley raised their price objective on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Craig Hallum began coverage on shares of Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price on the stock. Finally, Wedbush reiterated an “outperform” rating and issued a $45.00 price objective on shares of Oklo in a report on Tuesday, March 25th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Oklo has a consensus rating of “Moderate Buy” and an average target price of $44.25.

Oklo Stock Performance

The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of -2.30 and a beta of -0.01. The company has a fifty day simple moving average of $34.07 and a two-hundred day simple moving average of $25.45.

Oklo (NYSE:OKLO) last posted its earnings results on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). As a group, analysts expect that Oklo Inc. will post -8.2 EPS for the current year.

Insider Transactions at Oklo

In other Oklo news, CEO Jacob Dewitte sold 35,365 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $25.15, for a total transaction of $889,429.75. Following the transaction, the chief executive officer now owns 11,033,561 shares of the company’s stock, valued at $277,494,059.15. The trade was a 0.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John M. Jansen bought 6,000 shares of the business’s stock in a transaction dated Thursday, March 27th. The shares were bought at an average price of $24.57 per share, with a total value of $147,420.00. Following the purchase, the director now 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. 21.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Oklo

Institutional investors have recently modified their holdings of the business. Atomi Financial Group Inc. bought a new stake in shares of Oklo during the fourth quarter valued at approximately $19,285,000. Archford Capital Strategies LLC bought a new position in shares of Oklo in the fourth quarter worth approximately $212,000. Raymond James Financial Inc. bought a new position in Oklo during the fourth quarter valued at approximately $2,209,000. Barclays PLC purchased a new stake in shares of Oklo during the third quarter valued at approximately $58,000. Finally, Steward Partners Investment Advisory LLC raised its position in Oklo by 2,386.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,325 shares of the company’s stock valued at $198,000 after purchasing an additional 8,950 shares during the last quarter. Institutional investors and hedge funds 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.