Oklo (NYSE:OKLO) Trading Up 9.4% on Insider Buying Activity

Shares of Oklo Inc. (NYSE:OKLO - Get Free Report) traded up 9.4% during mid-day trading on Tuesday after an insider bought additional shares in the company. The company traded as high as $23.52 and last traded at $23.66. 5,459,557 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 11,671,500 shares. The stock had previously closed at $21.63.

Specifically, Director John M. Jansen acquired 6,000 shares of the company's stock in a transaction on Thursday, March 27th. The shares were bought at an average cost of $24.57 per share, with a total value of $147,420.00. Following the purchase, the director now owns 6,000 shares of the company's stock, valued at $147,420. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OKLO. Wedbush reiterated an "outperform" rating and set a $45.00 price target on shares of Oklo in a research note on Tuesday, March 25th. B. Riley increased their target price on Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Craig Hallum began coverage on Oklo in a research note on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price target on the stock. Finally, Citigroup cut their price objective on Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $44.25.

Oklo Trading Down 13.6 %

The firm has a 50 day moving average of $35.27 and a two-hundred day moving average of $24.94. The stock has a market capitalization of $2.63 billion, a PE ratio of -1.86 and a beta of -0.28.

Oklo (NYSE:OKLO - Get Free Report) last posted 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 forecast that Oklo Inc. will post -8.2 EPS for the current year.

Institutional Investors Weigh In On Oklo

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