Shares of Oklo Inc. (NYSE:OKLO - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $22.50, but opened at $23.93. Oklo shares last traded at $22.44, with a volume of 2,765,212 shares traded.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on OKLO shares. Craig Hallum assumed coverage on shares of Oklo in a research note on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price objective on the stock. BTIG Research initiated coverage on shares of Oklo in a research report on Friday, April 11th. They issued a "neutral" rating on the stock. B. Riley raised their target price on shares of Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Wedbush reissued an "outperform" rating and issued a $45.00 price objective on shares of Oklo in a report on Tuesday, March 25th. Finally, Citigroup reduced their price target on Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.25.
Get Our Latest Stock Analysis on OKLO
Oklo Price Performance
The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of -2.17 and a beta of -0.01. The business's fifty day moving average price is $30.04 and its 200-day moving average price is $26.01.
Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings results 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). Equities research analysts predict that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.
Insider Buying and Selling at Oklo
In other Oklo news, Director John M. Jansen acquired 6,000 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was purchased at an average price of $24.57 per share, with a total value of $147,420.00. Following the completion of the purchase, the director now directly owns 6,000 shares in the company, valued at approximately $147,420. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jacob Dewitte sold 35,365 shares of Oklo stock in a transaction that occurred 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 sale, the chief executive officer now owns 11,033,561 shares in the company, valued at approximately $277,494,059.15. The trade was a 0.32 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is owned by company insiders.
Institutional Trading of Oklo
A number of large investors have recently added to or reduced their stakes in OKLO. Barclays PLC boosted its holdings in shares of Oklo by 5.7% in the 4th quarter. Barclays PLC now owns 7,666 shares of the company's stock worth $163,000 after purchasing an additional 416 shares during the period. Ancora Advisors LLC boosted its stake in Oklo by 18.2% during the fourth quarter. Ancora Advisors LLC now owns 4,610 shares of the company's stock worth $98,000 after buying an additional 710 shares during the period. Sowell Financial Services LLC raised its stake in shares of Oklo by 5.4% in the first quarter. Sowell Financial Services LLC now owns 15,275 shares of the company's stock valued at $330,000 after acquiring an additional 782 shares during the period. TD Waterhouse Canada Inc. purchased a new stake in shares of Oklo in the fourth quarter valued at $27,000. Finally, CoreCap Advisors LLC bought a new stake in shares of Oklo in the 4th quarter worth about $32,000. Institutional investors own 85.03% of the company's stock.
About Oklo
(
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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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