Oklo (NYSE:OKLO) Trading Up 3.5% – Time to Buy?

by · The Markets Daily

Oklo Inc. (NYSE:OKLOGet Free Report)’s stock price traded up 3.5% during trading on Tuesday . The stock traded as high as $86.85 and last traded at $85.2220. 10,479,364 shares were traded during trading, a decline of 27% from the average session volume of 14,357,095 shares. The stock had previously closed at $82.31.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $122.00 price target on shares of Oklo in a research report on Wednesday, November 12th. The Goldman Sachs Group restated a “neutral” rating and issued a $106.00 target price on shares of Oklo in a report on Friday, January 9th. Zacks Research cut Oklo from a “hold” rating to a “strong sell” rating in a research report on Friday. William Blair reiterated an “outperform” rating on shares of Oklo in a report on Wednesday, November 12th. Finally, Wedbush restated an “outperform” rating on shares of Oklo in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $103.20.

Check Out Our Latest Stock Report on OKLO

Oklo Price Performance

The company has a market capitalization of $13.32 billion, a P/E ratio of -157.82 and a beta of 0.76. The firm has a fifty day moving average price of $89.76 and a 200-day moving average price of $96.23.

Oklo (NYSE:OKLOGet Free Report) last issued its quarterly earnings results 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 company posted ($0.08) earnings per share. On average, research analysts forecast that Oklo Inc. will post -8.2 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jacob Dewitte sold 26,740 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $111.38, for a total value of $2,978,301.20. Following the transaction, the chief executive officer directly owned 808,197 shares of the company’s stock, valued at approximately $90,016,981.86. The trade was a 3.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard Craig Bealmear sold 5,159 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $76.97, for a total transaction of $397,088.23. Following the sale, the chief financial officer owned 196,913 shares of the company’s stock, valued at $15,156,393.61. This trade represents a 2.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,552,800 shares of company stock worth $137,543,426 over the last quarter. Company insiders own 18.90% of the company’s stock.

Institutional Investors Weigh In On Oklo

A number of hedge funds have recently modified their holdings of OKLO. Royal Bank of Canada lifted its stake in Oklo by 162.6% in the first quarter. Royal Bank of Canada now owns 92,850 shares of the company’s stock valued at $2,009,000 after purchasing an additional 57,497 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of Oklo in the first quarter valued at $519,000. Millennium Management LLC lifted its position in shares of Oklo by 4,974.1% during the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after buying an additional 570,532 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Oklo by 165.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,672 shares of the company’s stock valued at $339,000 after buying an additional 9,772 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Oklo by 90.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 112,772 shares of the company’s stock worth $2,439,000 after acquiring an additional 53,703 shares during the period. Institutional investors own 85.03% of the company’s stock.

About Oklo

(Get Free Report)

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.

Further Reading