Oklo (NYSE:OKLO) Shares Up 0.1% - Still a Buy?

Oklo Inc. (NYSE:OKLO - Get Free Report) traded up 0.1% during mid-day trading on Wednesday . The stock traded as high as $21.85 and last traded at $20.25. 4,566,674 shares changed hands during trading, a decline of 61% from the average session volume of 11,745,860 shares. The stock had previously closed at $20.23.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on OKLO. Wedbush reaffirmed an "outperform" rating and issued a $45.00 target price on shares of Oklo in a research report on Tuesday, March 25th. BTIG Research initiated coverage on Oklo in a report on Friday. They issued a "neutral" rating on the stock. Citigroup decreased their target price on Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. B. Riley raised their price target on shares of Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Finally, Craig Hallum started coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a "buy" rating and a $44.00 price objective for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $44.25.

Oklo Trading Down 1.0 %

The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of -2.22 and a beta of -0.01. The firm has a 50-day moving average of $32.41 and a 200 day moving average of $25.75.

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

Insider Activity

In other Oklo news, Director John M. Jansen bought 6,000 shares of Oklo stock in a transaction dated Thursday, March 27th. The stock was 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 in the company, valued at $147,420. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jacob Dewitte sold 35,365 shares of Oklo stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $25.15, for a total transaction of $889,429.75. Following the completion of the sale, the chief executive officer now owns 11,033,561 shares of the company's stock, 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 Investors Weigh In On Oklo

A number of institutional investors have recently modified their holdings of OKLO. TD Waterhouse Canada Inc. bought a new stake in Oklo in the fourth quarter valued at about $27,000. CoreCap Advisors LLC bought a new stake in shares of Oklo in the 4th quarter valued at approximately $32,000. Sandy Spring Bank acquired a new stake in shares of Oklo during the 4th quarter valued at approximately $32,000. Covestor Ltd bought a new position in Oklo during the fourth quarter worth $34,000. Finally, Anfield Capital Management LLC acquired a new position in Oklo in the fourth quarter worth $43,000. Institutional investors and hedge funds 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.