Oklo (NYSE:OKLO) Trading Up 6.8% – Should You Buy?

Oklo Inc. (NYSE:OKLO) was up 6.8% during trading on Thursday . The company traded as high as $58.24 and last traded at $57.6850. Approximately 10,346,782 shares traded hands during trading, a decline of 15% from the average daily volume of 12,237,434 shares. The stock had previously closed at $54.02.

More Oklo News

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: DOE approval of Oklo’s Preliminary Documented Safety Analysis for Aurora-INL advances its Reactor Pilot Program project and reduces regulatory uncertainty. U.S. Department of Energy Approves Preliminary Documented Safety Analysis for Aurora Powerhouse at Idaho National Laboratory
• Positive Sentiment: Growing AI power demand is increasing investor interest in decentralized nuclear and behind-the-meter power solutions, which supports the bull case for Oklo. The 127-Gigawatt Problem: Why AI Needs Its Own Power
• Neutral Sentiment: Commentary articles highlighted Oklo as one of the nuclear names to watch, but they did not add new operating or financial details. Promising Nuclear Stocks To Follow Today – June 9th

Analyst Ratings Changes

A number of equities research analysts have recently commented on OKLO shares. Needham & Company LLC dropped their price target on Oklo from $135.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Barclays decreased their price objective on Oklo from $146.00 to $82.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Canaccord Genuity Group decreased their price objective on Oklo from $175.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. HC Wainwright reiterated a “buy” rating and set a $90.00 price objective on shares of Oklo in a report on Wednesday, March 18th. Finally, Zacks Research upgraded Oklo from a “strong sell” rating to a “hold” rating in a report on Thursday, March 19th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.78.

Oklo Stock Down 0.8%

The firm has a market capitalization of $9.99 billion, a P/E ratio of -68.33 and a beta of 1.10. The stock has a fifty day moving average of $63.68 and a 200-day moving average of $72.10.

Oklo (NYSE:OKLO) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. During the same period in the prior year, the company earned ($0.07) EPS. Sell-side analysts predict that Oklo Inc. will post -0.78 EPS for the current fiscal year.

Insider Buying and Selling at Oklo

In other Oklo news, CFO Richard Craig Bealmear sold 73,081 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $68.42, for a total value of $5,000,202.02. Following the completion of the transaction, the chief financial officer directly owned 397,642 shares in the company, valued at $27,206,665.64. This trade represents a 15.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider William Carroll Murphy Goodwin sold 10,548 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $58.04, for a total value of $612,205.92. Following the completion of the transaction, the insider owned 36,175 shares of the company’s stock, valued at approximately $2,099,597. This represents a 22.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 699,971 shares of company stock worth $44,221,357 over the last ninety days. 18.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of OKLO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 valued at $792,822,000 after purchasing an additional 2,968,981 shares in the last quarter. Vanguard Group Inc. boosted its stake 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 worth $1,294,179,000 after acquiring an additional 2,901,909 shares during the period. State Street Corp boosted its stake in shares of Oklo by 454.5% during the 2nd quarter. State Street Corp now owns 2,138,658 shares of the company’s stock worth $119,743,000 after acquiring an additional 1,752,946 shares during the period. Van ECK Associates Corp boosted its stake in shares of Oklo by 61.0% during the 3rd quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock worth $387,914,000 after acquiring an additional 1,316,867 shares during the period. Finally, Norges Bank bought a new position in shares of Oklo during the 4th quarter worth approximately $73,786,000. 85.03% of the stock is currently owned by institutional investors.

Oklo Company Profile

Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.

The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.