Oklo (NYSE:OKLO) Shares Down 0.2% - Time to Sell?

Oklo Inc. (NYSE:OKLO - Get Free Report) shares traded down 0.2% during mid-day trading on Wednesday . The stock traded as low as $21.80 and last traded at $22.48. 3,925,713 shares were traded during trading, a decline of 66% from the average session volume of 11,667,556 shares. The stock had previously closed at $22.53.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on OKLO shares. Citigroup dropped their price objective on shares of Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. 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. Wedbush restated an "outperform" rating and set a $45.00 price target on shares of Oklo in a report on Tuesday, March 25th. Finally, Craig Hallum assumed coverage on Oklo in a research note on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $44.25.

Oklo Price Performance

The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of -1.96 and a beta of -0.28. The stock has a 50 day simple moving average of $34.83 and a two-hundred day simple moving average of $25.03.

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Oklo (NYSE:OKLO - Get Free Report) last issued 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). Equities research analysts predict that Oklo Inc. will post -8.2 EPS for the current year.

Insider Transactions at Oklo

In other news, Director John M. Jansen bought 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, with a total value of $147,420.00. Following the transaction, the director now directly owns 6,000 shares in the company, valued at $147,420. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jacob Dewitte sold 35,365 shares of Oklo stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $25.15, for a total value of $889,429.75. Following the transaction, the chief executive officer now directly owns 11,033,561 shares in the company, valued at approximately $277,494,059.15. This trade represents a 0.32 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.80% of the company's stock.

Institutional Trading of Oklo

Institutional investors and hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Oklo in the third quarter valued at about $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Oklo in the 3rd quarter valued at approximately $104,000. Point72 Asset Management L.P. acquired a new position in shares of Oklo in the third quarter valued at approximately $1,023,000. Stifel Financial Corp acquired a new stake in shares of Oklo during the third quarter worth $104,000. Finally, State Street Corp purchased a new position in Oklo in the 3rd quarter valued at $2,889,000. Hedge funds and other institutional investors own 85.03% of the company's stock.

About Oklo

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.