Oklo (NYSE:OKLO) Shares Gap Down – What’s Next?

Oklo Inc. (NYSE:OKLO) shares gapped down prior to trading on Monday . The stock had previously closed at $63.83, but opened at $61.60. Oklo shares last traded at $62.30, with a volume of 1,305,682 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Bank of America raised Oklo from a “neutral” rating to a “buy” rating and increased their target price for the stock from $111.00 to $127.00 in a research note on Wednesday, January 21st. B. Riley Financial increased their price objective on Oklo from $58.00 to $129.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Citigroup reissued a “neutral” rating on shares of Oklo in a report on Monday, November 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $122.00 price target on shares of Oklo in a research note on Wednesday, November 12th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $106.00 price target on shares of Oklo in a report on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $98.93.

Oklo Stock Performance

The company has a fifty day simple moving average of $80.96 and a two-hundred day simple moving average of $96.48. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of -115.86 and a beta of 0.76.

Insider Activity

In related news, CFO Richard Craig Bealmear sold 69,841 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $78.40, for a total value of $5,475,534.40. Following the transaction, the chief financial officer directly owned 202,072 shares of the company’s stock, valued at approximately $15,842,444.80. This trade represents a 25.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jacob Dewitte sold 840,000 shares of Oklo stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $82.32, for a total value of $69,148,800.00. Following the completion of the transaction, the chief executive officer owned 1,580,000 shares in the company, valued at $130,065,600. The trade was a 34.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,750,590 shares of company stock worth $152,068,284. 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 business. Fourth Dimension Wealth LLC lifted its holdings in shares of Oklo by 125.0% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock valued at $25,000 after acquiring an additional 250 shares in the last quarter. NBC Securities Inc. raised its position in Oklo by 75.0% in the fourth quarter. NBC Securities Inc. now owns 350 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the period. GAMMA Investing LLC boosted its position in shares of Oklo by 356.3% in the fourth quarter. GAMMA Investing LLC now owns 365 shares of the company’s stock worth $26,000 after buying an additional 285 shares during the period. Armstrong Advisory Group Inc. acquired a new stake in shares of Oklo in the third quarter valued at about $27,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Oklo in the second quarter valued at about $28,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

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.