Oklo Target of Unusually Large Options Trading (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO) was the recipient of unusually large options trading on Thursday. Stock investors purchased 133,092 call options on the company. This represents an increase of approximately 82% compared to the average volume of 73,107 call options.

Analyst Upgrades and Downgrades

Several research firms have weighed in on OKLO. Royal Bank Of Canada set a $80.00 target price on shares of Oklo in a report on Friday, May 22nd. Weiss Ratings raised shares of Oklo from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 13th. UBS Group lowered their price objective on shares of Oklo from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, June 11th. Bank of America assumed coverage on Oklo in a research note on Friday, May 22nd. They set a “buy” rating and a $80.00 price objective on the stock. Finally, Wedbush reiterated an “outperform” rating and set a $110.00 target price on shares of Oklo in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Oklo presently has an average rating of “Moderate Buy” and a consensus price target of $84.18.

Insiders Place Their Bets

In related news, CEO Jacob Dewitte sold 140,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $68.29, for a total value of $9,560,600.00. Following the sale, the chief executive officer directly owned 538,039 shares in the company, valued at $36,742,683.31. This trade represents a 20.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard Craig Bealmear sold 73,081 shares of Oklo stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $68.42, for a total transaction of $5,000,202.02. Following the transaction, the chief financial officer directly owned 397,642 shares in the company, valued at $27,206,665.64. The trade was a 15.53% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 683,629 shares of company stock worth $43,902,208. Insiders own 18.90% of the company’s stock.

Institutional Investors Weigh In On Oklo

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Oklo by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 11,637,504 shares of the company’s stock valued at $835,107,000 after purchasing an additional 44,036 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Oklo by 71.8% during 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 buying an additional 2,968,981 shares during the last quarter. Van ECK Associates Corp increased its position in Oklo by 13.9% during the fourth quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock worth $283,902,000 after buying an additional 481,288 shares during the last quarter. State Street Corp raised its stake in Oklo by 23.6% in the fourth quarter. State Street Corp now owns 3,060,220 shares of the company’s stock valued at $219,601,000 after buying an additional 584,184 shares during the period. Finally, Geode Capital Management LLC raised its stake in Oklo by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company’s stock valued at $201,671,000 after buying an additional 185,265 shares during the period. Institutional investors own 85.03% of the company’s stock.

Key Oklo News

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo received a key regulatory boost after the U.S. Department of Energy approved the Documented Safety Analysis for its Groves Isotope Test Reactor in Texas, a milestone that strengthens the company’s development outlook and may be helping sentiment. Oklo (OKLO) Gains A Regulatory Win As Investors Weigh Its Valuation
• Positive Sentiment: Unusually large call-option buying suggests traders are positioning for more upside in Oklo, which can add near-term momentum to the stock.
• Positive Sentiment: Oklo continues to be highlighted in bullish nuclear-energy and IPO-watch articles, reflecting ongoing investor interest in the sector and the company’s long-term growth story. 5 Best IPO Stocks with Huge Upside Potential
• Neutral Sentiment: Coverage focused on “best nuclear stocks” and broader nuclear-investment themes keeps Oklo in the spotlight, but these items do not represent a direct fundamental change for the company. Best Nuclear Stocks Worth Watching – July 8th
• Negative Sentiment: CEO Jacob Dewitte sold 60,000 shares in a disclosed transaction, which may weigh on sentiment because insider selling can be seen as a sign of caution or profit-taking. SEC Form 4 filing
• Negative Sentiment: Some recent commentary notes that Oklo’s share price has been weak over the past month and year-to-date, and investors are still weighing whether the valuation is too rich after its sharp move higher. Oklo (OKLO) Gains A Regulatory Win As Investors Weigh Its Valuation

Oklo Stock Up 5.5%

OKLO traded up $2.58 during trading on Thursday, hitting $49.86. The company had a trading volume of 5,264,374 shares, compared to its average volume of 11,920,330. The company has a market capitalization of $8.67 billion, a PE ratio of -59.33 and a beta of 1.14. Oklo has a one year low of $44.88 and a one year high of $193.84. The firm’s 50-day moving average price is $61.81 and its 200 day moving average price is $67.14.

Oklo (NYSE:OKLO) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.01. During the same period last year, the company posted ($0.07) earnings per share. Sell-side analysts forecast that Oklo will post -0.73 earnings per share for the current year.

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.