Oklo (NYSE:OKLO) Trading Up 5.6% – Time to Buy?

Oklo Inc. (NYSE:OKLO)’s share price was up 5.6% on Monday . The stock traded as high as $75.50 and last traded at $75.07. Approximately 8,321,279 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 13,782,998 shares. The stock had previously closed at $71.10.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on OKLO shares. William Blair reaffirmed an “outperform” rating on shares of Oklo in a research note on Wednesday, November 12th. Cantor Fitzgerald restated an “overweight” rating and issued a $122.00 target price on shares of Oklo in a report on Wednesday, November 12th. B. Riley Financial lifted their price target on Oklo from $58.00 to $129.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Oklo in a research note on Thursday, January 22nd. Finally, Bank of America raised Oklo from a “neutral” rating to a “buy” rating and lifted their target price for the company from $111.00 to $127.00 in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Oklo currently has a consensus rating of “Moderate Buy” and an average target price of $103.20.

Oklo Stock Performance

The stock has a 50 day moving average price of $87.32 and a two-hundred day moving average price of $97.12.

Oklo (NYSE:OKLO) last released 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 in the previous year, the business posted ($0.08) earnings per share. As a group, equities research analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Oklo

In other news, CFO Richard Craig Bealmear sold 9,726 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $76.93, for a total transaction of $748,221.18. Following the completion of the sale, the chief financial officer owned 196,913 shares in the company, valued at approximately $15,148,517.09. This represents a 4.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 60,000 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $74.45, for a total value of $4,467,000.00. Following the transaction, the chief executive officer directly owned 748,197 shares in the company, valued at approximately $55,703,266.65. This represents a 7.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,762,526 shares of company stock valued at $153,283,847. 18.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oklo

A number of large investors have recently added to or reduced their stakes in the stock. Kingsview Wealth Management LLC raised its position in shares of Oklo by 86.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 3,926 shares of the company’s stock valued at $282,000 after purchasing an additional 1,815 shares during the period. Texas Capital Bank Wealth Management Services Inc acquired a new position in Oklo in the 4th quarter valued at $488,000. Geode Capital Management LLC raised its holdings in Oklo by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company’s stock worth $201,671,000 after acquiring an additional 185,265 shares during the period. Flputnam Investment Management Co. lifted its position in Oklo by 14.3% during the 4th quarter. Flputnam Investment Management Co. now owns 4,805 shares of the company’s stock worth $345,000 after acquiring an additional 600 shares during the last quarter. Finally, Integrity Alliance LLC. boosted its holdings in Oklo by 82.5% during the fourth quarter. Integrity Alliance LLC. now owns 4,381 shares of the company’s stock valued at $314,000 after acquiring an additional 1,980 shares during the period. Institutional investors own 85.03% of the company’s stock.

About Oklo

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.