Oklo (NYSE:OKLO) Shares Up 3.7% – Should You Buy?

Oklo Inc. (NYSE:OKLO) traded up 3.7% during mid-day trading on Friday . The company traded as high as $96.70 and last traded at $94.85. 15,357,163 shares were traded during mid-day trading, an increase of 0% from the average session volume of 15,319,879 shares. The stock had previously closed at $91.45.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating on shares of Oklo in a research report on Friday, January 9th. Canaccord Genuity Group began coverage on shares of Oklo in a research note on Thursday, October 9th. They set a “buy” rating and a $175.00 price objective for the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $106.00 target price on shares of Oklo in a research report on Friday, January 9th. William Blair reiterated an “outperform” rating on shares of Oklo in a report on Wednesday, November 12th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Oklo in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $102.13.

Oklo Trading Up 3.7%

The firm has a market capitalization of $14.82 billion, a price-to-earnings ratio of -175.65 and a beta of 0.76. The company’s 50 day moving average is $91.83 and its 200-day moving average is $93.88.

Oklo (NYSE:OKLO) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same period in the previous year, the business earned ($0.08) earnings per share. Research analysts expect that Oklo Inc. will post -8.2 EPS for the current year.

Insiders Place Their Bets

In other Oklo news, CFO Richard Craig Bealmear sold 5,159 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $76.97, for a total value of $397,088.23. Following the transaction, the chief financial officer directly owned 196,913 shares in the company, valued at $15,156,393.61. The trade was a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jacob Dewitte sold 26,740 shares of the stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $111.38, for a total transaction of $2,978,301.20. Following the completion of the transaction, the chief executive officer directly owned 808,197 shares in the company, valued at $90,016,981.86. The trade was a 3.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,552,800 shares of company stock worth $137,543,426. 18.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Oklo by 33.4% during the third 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 purchasing an additional 2,968,981 shares during the period. Van ECK Associates Corp lifted its holdings in 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 purchasing an additional 1,316,867 shares during the last quarter. Geode Capital Management LLC grew its holdings in Oklo by 195.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company’s stock valued at $125,906,000 after buying an additional 1,488,482 shares in the last quarter. Finally, State Street Corp increased its position in 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 buying an additional 1,752,946 shares during the period. Institutional investors and hedge funds own 85.03% of the company’s stock.

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.