Oklo (NYSE:OKLO) Trading 1.5% Higher – Here’s Why

Oklo Inc. (NYSE:OKLO)’s share price shot up 1.5% during trading on Tuesday . The company traded as high as $84.24 and last traded at $83.5980. 7,690,226 shares were traded during trading, a decline of 57% from the average session volume of 18,036,350 shares. The stock had previously closed at $82.33.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barclays set a $146.00 target price on shares of Oklo in a research note on Monday, September 29th. Needham & Company LLC began coverage on shares of Oklo in a research report on Friday, December 5th. They issued a “buy” rating and a $135.00 price objective for the company. Cantor Fitzgerald restated an “overweight” rating and set a $122.00 target price on shares of Oklo in a research report on Wednesday, November 12th. William Blair reaffirmed an “outperform” rating on shares of Oklo in a research note on Wednesday, November 12th. Finally, The Goldman Sachs Group began coverage on Oklo in a research note on Thursday, September 25th. They set a “neutral” rating and a $117.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $102.87.

Oklo Stock Performance

The firm has a market capitalization of $13.06 billion, a price-to-earnings ratio of -154.81 and a beta of 0.73. The business has a fifty day moving average price of $117.02 and a 200 day moving average price of $89.82.

Oklo (NYSE:OKLO) last announced its quarterly 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 period in the prior year, the business posted ($0.08) earnings per share. On average, analysts expect that Oklo Inc. will post -8.2 earnings per share for the current year.

Insider Buying and Selling at Oklo

In other Oklo news, Director Michael Stuart Klein sold 50,000 shares of the firm’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $133.76, for a total value of $6,688,000.00. Following the transaction, the director directly owned 150,000 shares of the company’s stock, valued at $20,064,000. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William Carroll Murphy Goodwin sold 5,864 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $88.42, for a total value of $518,494.88. Following the transaction, the insider owned 13,620 shares in the company, valued at approximately $1,204,280.40. This represents a 30.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 467,800 shares of company stock worth $51,531,823 over the last three months. 18.90% of the stock is currently owned by insiders.

Institutional Trading of Oklo

Several large investors have recently bought and sold shares of OKLO. Plancorp LLC increased its stake in Oklo by 1.2% during the 3rd quarter. Plancorp LLC now owns 6,089 shares of the company’s stock worth $680,000 after buying an additional 73 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Oklo by 3.7% during the third quarter. Parkside Financial Bank & Trust now owns 2,622 shares of the company’s stock worth $293,000 after acquiring an additional 94 shares during the last quarter. Prestige Wealth Management Group LLC lifted its stake in shares of Oklo by 1.5% in the third quarter. Prestige Wealth Management Group LLC now owns 7,066 shares of the company’s stock worth $789,000 after acquiring an additional 101 shares in the last quarter. Rossby Financial LCC lifted its stake in shares of Oklo by 75.0% in the third quarter. Rossby Financial LCC now owns 350 shares of the company’s stock worth $41,000 after acquiring an additional 150 shares in the last quarter. Finally, Perennial Investment Advisors LLC boosted its holdings in Oklo by 3.4% in the third quarter. Perennial Investment Advisors LLC now owns 4,676 shares of the company’s stock valued at $522,000 after purchasing an additional 154 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.

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.