Oklo (NYSE:OKLO) Trading Up 15.4% – Still a Buy?

by · The Cerbat Gem

Oklo Inc. (NYSE:OKLO – Get Free Report)’s share price was up 15.4% during trading on Thursday . The company traded as high as $114.29 and last traded at $111.50. Approximately 20,334,256 shares were traded during mid-day trading, an increase of 11% from the average daily volume of 18,300,520 shares. The stock had previously closed at $96.59.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OKLO. Citigroup reaffirmed a “neutral” rating on shares of Oklo in a report on Monday, November 24th. Weiss Ratings reissued a “sell (d)” rating on shares of Oklo in a research report on Wednesday, October 8th. William Blair reaffirmed an “outperform” rating on shares of Oklo in a report on Wednesday, November 12th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $122.00 price target on shares of Oklo in a research note on Wednesday, November 12th. Finally, BTIG Research restated a “neutral” rating on shares of Oklo in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Oklo presently has an average rating of “Hold” and an average target price of $102.87.

Read Our Latest Report on Oklo

Oklo Stock Performance

The company has a market capitalization of $16.32 billion, a P/E ratio of -193.44 and a beta of 0.73. The business’s fifty day simple moving average is $120.15 and its 200-day simple moving average is $87.13.

Oklo (NYSE:OKLO – Get Free Report) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same period last year, the firm earned ($0.08) EPS. As a group, analysts forecast that Oklo Inc. will post -8.2 EPS for the current year.

Insider Transactions at Oklo

In other news, Director Michael Stuart Klein sold 50,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the director owned 150,000 shares of the company’s stock, valued at $20,064,000. This trade represents a 25.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William Carroll Murphy Goodwin sold 5,864 shares of the business’s stock in a transaction on 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 trade represents a 30.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 467,800 shares of company stock valued at $51,531,823 over the last 90 days. 18.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Oklo

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

About Oklo

(Get Free Report)

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.

Featured Stories