Oklo (NYSE:OKLO) Stock Price Up 0.1% – Here’s What Happened

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

Analyst Ratings Changes

OKLO has been the subject of several analyst reports. Craig Hallum initiated coverage on shares of Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price target for the company. Wedbush restated an “outperform” rating and set a $45.00 target price on shares of Oklo in a report on Tuesday, March 25th. BTIG Research started coverage on Oklo in a research report on Friday. They set a “neutral” rating on the stock. Citigroup lowered 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. Finally, B. Riley raised their target price 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 three have assigned a buy rating to the stock. According to data from MarketBeat.com, Oklo presently has an average rating of “Moderate Buy” and a consensus target price of $44.25.

Oklo Trading Down 1.0 %

The business has a fifty day moving average of $32.89 and a 200-day moving average of $25.65. The company has a market cap of $3.13 billion, a PE ratio of -2.22 and a beta of -0.01.

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

Insiders Place Their Bets

In related news, CEO Jacob Dewitte sold 35,365 shares of the business’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $25.15, for a total transaction of $889,429.75. Following the transaction, the chief executive officer now owns 11,033,561 shares in the company, valued at $277,494,059.15. The trade was a 0.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John M. Jansen purchased 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The stock was bought at an average cost of $24.57 per share, with a total value of $147,420.00. Following the completion of the purchase, the director now owns 6,000 shares of the company’s stock, valued at $147,420. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 21.80% of the company’s stock.

Institutional Investors Weigh In On Oklo

Hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its position in Oklo by 5.7% during the fourth quarter. Barclays PLC now owns 7,666 shares of the company’s stock valued at $163,000 after buying an additional 416 shares during the period. Ancora Advisors LLC grew its position in shares of Oklo by 18.2% in the 4th quarter. Ancora Advisors LLC now owns 4,610 shares of the company’s stock worth $98,000 after buying an additional 710 shares during the period. TD Waterhouse Canada Inc. bought a new position in shares of Oklo in the 4th quarter worth about $27,000. CoreCap Advisors LLC purchased a new position in Oklo during the 4th quarter valued at about $32,000. Finally, Sandy Spring Bank bought a new stake in Oklo during the fourth quarter worth about $32,000. 85.03% of the stock is currently owned by institutional investors.

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.