Oklo (NYSE:OKLO) Trading Up 29.4% – Still a Buy?

Oklo Inc. (NYSE:OKLO) was up 29.4% during trading on Friday . The company traded as high as $136.53 and last traded at $135.88. Approximately 62,836,193 shares traded hands during mid-day trading, an increase of 250% from the average daily volume of 17,975,951 shares. The stock had previously closed at $104.97.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on OKLO shares. HC Wainwright increased their price target on Oklo from $55.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. Cantor Fitzgerald set a $73.00 price target on Oklo and gave the company an “overweight” rating in a research report on Tuesday, July 15th. BNP Paribas raised Oklo to a “strong sell” rating in a research report on Friday, July 25th. Daiwa Capital Markets raised Oklo from a “neutral” rating to an “outperform” rating in a research report on Sunday, July 27th. Finally, Wedbush increased their price target on Oklo from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.45.

Oklo Stock Performance

The firm has a 50 day moving average price of $75.63 and a two-hundred day moving average price of $50.75. The company has a market cap of $20.06 billion, a P/E ratio of -323.52 and a beta of 0.59.

Oklo (NYSE:OKLO) last issued its earnings results on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.06). On average, sell-side analysts predict that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Oklo news, insider William Carroll Murphy Goodwin sold 41,387 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $70.09, for a total value of $2,900,814.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jacob Dewitte sold 300,000 shares of the firm’s stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $55.20, for a total value of $16,560,000.00. Following the completion of the transaction, the chief executive officer owned 10,105,098 shares of the company’s stock, valued at approximately $557,801,409.60. This represents a 2.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 491,387 shares of company stock worth $31,635,080 in the last 90 days. 18.90% of the stock is owned by company insiders.

Institutional Trading of Oklo

Large investors have recently modified their holdings of the business. Caldwell Sutter Capital Inc. bought a new stake in shares of Oklo during the 2nd quarter valued at about $25,000. Private Trust Co. NA bought a new stake in shares of Oklo during the 2nd quarter valued at about $25,000. Fourth Dimension Wealth LLC boosted its position in shares of Oklo by 125.0% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock valued at $25,000 after acquiring an additional 250 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Oklo during the 2nd quarter valued at about $28,000. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of Oklo by 107.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company’s stock valued at $33,000 after acquiring an additional 305 shares during the last quarter. 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.