Oklo Inc. (NYSE:OKLO - Get Free Report) traded down 1.6% during trading on Friday . The stock traded as low as $23.18 and last traded at $23.94. 2,642,794 shares were traded during trading, a decline of 77% from the average session volume of 11,643,154 shares. The stock had previously closed at $24.32.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on OKLO shares. Wedbush restated an "outperform" rating and issued a $45.00 price objective on shares of Oklo in a report 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 objective on the stock. BTIG Research started coverage on Oklo in a research note on Friday, April 11th. They set a "neutral" rating for the company. HC Wainwright began coverage on Oklo in a report on Wednesday. They issued a "buy" rating and a $55.00 price target for the company. Finally, B. Riley raised their price objective on shares of Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Oklo currently has an average rating of "Moderate Buy" and a consensus target price of $46.40.
Check Out Our Latest Stock Report on OKLO
Oklo Trading Down 2.4 %
The business's fifty day moving average price is $26.45 and its 200 day moving average price is $26.77. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of -2.34 and a beta of -0.01.
Oklo (NYSE:OKLO - Get Free Report) last announced 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, sell-side analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.
Insider Activity
In related news, Director John M. Jansen purchased 6,000 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was acquired at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the acquisition, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jacob Dewitte sold 35,365 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $25.15, for a total transaction of $889,429.75. Following the sale, the chief executive officer now directly owns 11,033,561 shares in the company, valued at approximately $277,494,059.15. This represents a 0.32 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.80% of the company's stock.
Institutional Trading of Oklo
A number of institutional investors have recently bought and sold shares of OKLO. Barclays PLC raised its stake in shares of Oklo by 5.7% during the 4th quarter. Barclays PLC now owns 7,666 shares of the company's stock worth $163,000 after buying an additional 416 shares during the last quarter. Spire Wealth Management increased its holdings in Oklo by 14.1% during the 1st quarter. Spire Wealth Management now owns 3,896 shares of the company's stock valued at $84,000 after acquiring an additional 481 shares in the last quarter. Ancora Advisors LLC raised its position 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 acquiring an additional 710 shares during the last quarter. Sowell Financial Services LLC lifted its holdings 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 purchasing an additional 782 shares in the last quarter. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of Oklo in the fourth quarter valued at approximately $27,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.
Oklo Company Profile
(
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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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