Oklo Inc. (NYSE:OKLO) Director John M. Jansen Buys 6,000 Shares

Oklo Inc. (NYSE:OKLO - Get Free Report) Director John M. Jansen acquired 6,000 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were bought at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the acquisition, the director now directly owns 6,000 shares in the company, valued at $147,420. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Oklo Price Performance

NYSE OKLO traded up $0.20 during trading hours on Wednesday, reaching $22.73. 9,936,789 shares of the stock traded hands, compared to its average volume of 11,693,490. The stock has a 50 day simple moving average of $35.83 and a two-hundred day simple moving average of $24.97. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $59.14. The company has a market cap of $3.16 billion, a price-to-earnings ratio of -2.24 and a beta of -0.28.

Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings data on Monday, March 24th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). On average, sell-side analysts forecast that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Remove Ads

Institutional Investors Weigh In On Oklo

A number of institutional investors have recently made changes to their positions in OKLO. TD Waterhouse Canada Inc. purchased a new position in Oklo in the 4th quarter worth $27,000. CoreCap Advisors LLC bought a new position in shares of Oklo during the fourth quarter valued at about $32,000. Sandy Spring Bank bought a new position in shares of Oklo during the fourth quarter valued at about $32,000. Covestor Ltd bought a new stake in shares of Oklo in the 4th quarter valued at about $34,000. Finally, Anfield Capital Management LLC purchased a new stake in Oklo during the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 85.03% of the company's stock.

Analysts Set New Price Targets

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

About Oklo

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.