Oklo (NYSE:OKLO) Shares Down 0.2% - Here's What Happened

Oklo Inc. (NYSE:OKLO - Get Free Report) traded down 0.2% during mid-day trading on Tuesday . The stock traded as low as $21.98 and last traded at $21.89. 8,147,046 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 11,744,471 shares. The stock had previously closed at $21.93.

Analyst Ratings Changes

OKLO has been the subject of several analyst reports. Wedbush reiterated an "outperform" rating and set a $45.00 price target on shares of Oklo in a research report on Tuesday, March 25th. B. Riley lifted their target price on shares of Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Citigroup dropped their target price 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. BTIG Research began coverage on Oklo in a research report on Friday. They issued a "neutral" rating on the stock. Finally, Craig Hallum began coverage on Oklo in a report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price objective for the company. Three 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 an average rating of "Moderate Buy" and an average price target of $44.25.

Oklo Price Performance

The company's 50 day simple moving average is $32.41 and its 200 day simple moving average is $25.75. The stock has a market cap of $3.13 billion, a P/E ratio of -2.22 and a beta of -0.01.

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

Insiders Place Their Bets

In other news, CEO Jacob Dewitte sold 35,365 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total transaction of $889,429.75. Following the completion of the sale, the chief executive officer now owns 11,033,561 shares of the company's stock, valued at $277,494,059.15. This represents a 0.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John M. Jansen bought 6,000 shares of Oklo stock in a transaction that occurred on Thursday, March 27th. The stock was bought at an average cost of $24.57 per share, with a total value of $147,420.00. Following the completion of the purchase, the director now owns 6,000 shares in the company, valued at approximately $147,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 21.80% of the company's stock.

Institutional Investors Weigh In On Oklo

Institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Oklo by 1.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company's stock worth $104,646,000 after purchasing an additional 74,315 shares in the last quarter. Vanguard Group Inc. increased its stake in Oklo by 92.8% in the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock valued at $92,216,000 after buying an additional 2,090,154 shares during the last quarter. Van ECK Associates Corp bought a new stake in Oklo during the 4th quarter worth about $38,661,000. Atomi Financial Group Inc. acquired a new position in shares of Oklo during the 4th quarter worth about $19,285,000. Finally, TimesSquare Capital Management LLC bought a new position in shares of Oklo in the 4th quarter valued at about $17,104,000. Institutional investors 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.