Oklo (NYSE:OKLO) Trading Up 3.3% – Time to Buy?

Shares of Oklo Inc. (NYSE:OKLO) traded up 3.3% on Friday . The stock traded as high as $94.51 and last traded at $91.65. 5,687,754 shares were traded during trading, a decline of 69% from the average session volume of 18,420,221 shares. The stock had previously closed at $88.72.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on OKLO shares. Citigroup reissued a “neutral” rating on shares of Oklo in a report on Monday. Bank of America lowered their price target on shares of Oklo from $117.00 to $111.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. BTIG Research reissued a “neutral” rating on shares of Oklo in a report on Tuesday, August 12th. William Blair restated an “outperform” rating on shares of Oklo in a research report on Wednesday, November 12th. Finally, The Goldman Sachs Group started coverage on shares of Oklo in a report on Thursday, September 25th. They set a “neutral” rating and a $117.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $106.29.

Oklo Stock Up 3.3%

The stock has a 50 day moving average of $124.06 and a 200 day moving average of $84.55. The firm has a market cap of $14.32 billion, a price-to-earnings ratio of -169.72 and a beta of 0.70.

Oklo (NYSE:OKLO) last released its earnings results on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same quarter in the previous year, the company earned ($0.08) EPS. As a group, analysts predict that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $112.26, for a total value of $33,678,000.00. Following the transaction, the chief executive officer owned 9,780,098 shares in the company, valued at approximately $1,097,913,801.48. This trade represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the business’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $70.09, for a total value of $2,900,814.83. The SEC filing for this sale provides additional information. Insiders have sold 503,323 shares of company stock valued at $53,914,143 in the last three months. Company insiders own 18.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of OKLO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Oklo by 71.8% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company’s stock worth $792,822,000 after acquiring an additional 2,968,981 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Oklo by 33.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,593,468 shares of the company’s stock valued at $1,294,179,000 after purchasing an additional 2,901,909 shares during the last quarter. State Street Corp boosted its position in Oklo by 454.5% in the second quarter. State Street Corp now owns 2,138,658 shares of the company’s stock valued at $119,743,000 after buying an additional 1,752,946 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Oklo by 195.9% during the second quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company’s stock worth $125,906,000 after buying an additional 1,488,482 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Oklo by 61.0% during the third quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock worth $387,914,000 after buying an additional 1,316,867 shares in 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.