Oklo (NYSE:OKLO) Stock Price Up 1.5% – Still a Buy?

Oklo Inc. (NYSE:OKLO)’s share price traded up 1.5% during mid-day trading on Tuesday . The company traded as high as $84.24 and last traded at $83.5980. 7,690,226 shares changed hands 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 equities analysts have commented on the stock. Seaport Res Ptn raised shares of Oklo from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Wedbush reaffirmed an “outperform” rating and set a $150.00 price target on shares of Oklo in a report on Wednesday, November 12th. UBS Group lifted their price objective on shares of Oklo from $65.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Oklo in a research report on Wednesday, October 8th. Finally, Citigroup restated a “neutral” rating on shares of Oklo in a research note on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Oklo has a consensus rating of “Hold” and a consensus price target of $102.87.

Oklo Stock Performance

The company has a market capitalization of $12.14 billion, a P/E ratio of -143.93 and a beta of 0.73. The firm’s fifty day moving average is $113.63 and its 200-day moving average is $89.85.

Oklo (NYSE:OKLO) last issued its 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 quarter in the previous year, the business posted ($0.08) EPS. As a group, analysts expect that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Buying and Selling at Oklo

In related news, CEO Jacob Dewitte sold 300,000 shares of the business’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $112.26, for a total transaction of $33,678,000.00. Following the transaction, the chief executive officer owned 9,780,098 shares in the company, valued at $1,097,913,801.48. The trade was a 2.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Stuart Klein sold 50,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly owned 150,000 shares in the company, valued at approximately $20,064,000. This trade represents a 25.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 367,800 shares of company stock valued at $42,100,057. 18.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Oklo

A number of institutional investors have recently added to or reduced their stakes in OKLO. US Bancorp DE grew its holdings in Oklo by 257.1% during the first quarter. US Bancorp DE now owns 2,432 shares of the company’s stock valued at $53,000 after purchasing an additional 1,751 shares during the period. Vanguard Group Inc. grew its position in Oklo by 0.9% during the first quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company’s stock worth $94,770,000 after buying an additional 37,718 shares in the last quarter. Deutsche Bank AG lifted its position in Oklo by 161.7% during the first quarter. Deutsche Bank AG now owns 1,748 shares of the company’s stock valued at $38,000 after purchasing an additional 1,080 shares during the last quarter. Cresset Asset Management LLC increased its stake in Oklo by 22.0% in the first quarter. Cresset Asset Management LLC now owns 27,786 shares of the company’s stock valued at $601,000 after acquiring an additional 5,003 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in Oklo by 202.6% during the first quarter. Raymond James Financial Inc. now owns 314,794 shares of the company’s stock valued at $6,809,000 after acquiring an additional 210,755 shares during the last quarter. 85.03% of the stock is owned by institutional investors.

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.