Oklo (NYSE:OKLO) Stock Price Up 5.6% - What's Next?

Oklo Inc. (NYSE:OKLO - Get Free Report)'s stock price traded up 5.6% during trading on Tuesday . The stock traded as high as $21.65 and last traded at $21.54. 2,205,376 shares were traded during trading, a decline of 81% from the average session volume of 11,635,731 shares. The stock had previously closed at $20.39.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Craig Hallum initiated coverage on shares of Oklo in a report on Tuesday, January 28th. They set a "buy" rating and a $44.00 price target on the stock. B. Riley lifted their target price on Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Wedbush reaffirmed an "outperform" rating and set a $45.00 price objective on shares of Oklo in a research report on Tuesday, March 25th. Citigroup decreased their target price on Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Finally, HC Wainwright started coverage on shares of Oklo in a research note on Wednesday. They issued a "buy" rating and a $55.00 price target for the company. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Oklo presently has an average rating of "Moderate Buy" and an average price target of $46.40.

Oklo Stock Down 2.4 %

The company has a 50 day simple moving average of $26.45 and a two-hundred day simple moving average of $26.53. The company has a market capitalization of $3.30 billion, a P/E ratio of -2.34 and a beta of -0.01.

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

Insider Transactions at Oklo

In related news, Director John M. Jansen acquired 6,000 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the purchase, the director now directly owns 6,000 shares of the company's stock, valued at $147,420. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jacob Dewitte sold 41,000 shares of Oklo stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $21.80, for a total value of $893,800.00. Following the completion of the transaction, the chief executive officer now owns 10,852,926 shares in the company, valued at $236,593,786.80. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.80% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of OKLO. TD Waterhouse Canada Inc. acquired a new position in shares of Oklo during the fourth quarter worth $27,000. Sandy Spring Bank purchased a new stake in Oklo during the 4th quarter valued at about $32,000. CoreCap Advisors LLC purchased a new position in shares of Oklo in the fourth quarter worth about $32,000. Covestor Ltd acquired a new stake in shares of Oklo during the fourth quarter worth about $34,000. Finally, KBC Group NV purchased a new stake in Oklo in the first quarter valued at approximately $36,000. 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.