Oklo Inc. (NYSE:OKLO - Get Free Report) shares traded down 6.7% on Monday . The stock traded as low as $20.45 and last traded at $20.52. 2,157,278 shares changed hands during trading, a decline of 87% from the average session volume of 16,401,596 shares. The stock had previously closed at $21.98.
Analyst Upgrades and Downgrades
OKLO has been the topic of several analyst reports. B. Riley increased their price objective on Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. BTIG Research began coverage on shares of Oklo in a research report on Friday, April 11th. They issued a "neutral" rating on the stock. Wedbush restated an "outperform" rating and set a $45.00 price target on shares of Oklo in a research note on Tuesday, March 25th. Citigroup dropped their price objective on shares of Oklo from $31.00 to $30.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Finally, Craig Hallum assumed coverage on Oklo in a report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $46.40.
Read Our Latest Research Report on OKLO
Oklo Price Performance
The company's 50 day moving average is $27.55 and its 200 day moving average is $26.34. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of -2.45 and a beta of -0.01.
Oklo (NYSE:OKLO - Get Free Report) last announced 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). Sell-side analysts predict that Oklo Inc. will post -8.2 earnings per share for the current year.
Insider Buying and Selling
In other Oklo news, CEO Jacob Dewitte sold 41,000 shares of Oklo stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $21.80, for a total value of $893,800.00. Following the completion of the sale, the chief executive officer now owns 10,852,926 shares in the company, valued at $236,593,786.80. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John M. Jansen purchased 6,000 shares of the business's stock in a transaction 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 purchase, the director now owns 6,000 shares of the company's stock, valued at $147,420. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Oklo
A number of hedge funds have recently made changes to their positions in the business. Spire Wealth Management boosted its holdings in Oklo by 14.1% in the 1st quarter. Spire Wealth Management now owns 3,896 shares of the company's stock worth $84,000 after acquiring an additional 481 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of Oklo during the first quarter worth $411,000. Vantage Point Financial LLC lifted its holdings in Oklo by 63.8% in the first quarter. Vantage Point Financial LLC now owns 16,053 shares of the company's stock worth $347,000 after acquiring an additional 6,253 shares during the last quarter. Palumbo Wealth Management LLC boosted its position in Oklo by 17.5% during the 1st quarter. Palumbo Wealth Management LLC now owns 12,160 shares of the company's stock valued at $263,000 after purchasing an additional 1,814 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Oklo by 66.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 68,577 shares of the company's stock worth $1,483,000 after acquiring an additional 27,458 shares during the last quarter. Hedge funds and other institutional investors own 85.03% of the company's stock.
Oklo Company Profile
(
Get Free Report)
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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