Oklo (NYSE:OKLO) Stock Price Up 5.6% – What’s Next?

Oklo Inc. (NYSE:OKLO)’s share price was up 5.6% during trading on Monday . The company 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

Several analysts recently weighed in on the company. Wedbush restated an “outperform” rating on shares of Oklo in a research note on Friday, January 9th. B. Riley Financial increased their price objective on Oklo from $58.00 to $129.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Needham & Company LLC reaffirmed a “buy” rating on shares of Oklo in a research report on Friday, January 9th. Cantor Fitzgerald reissued an “overweight” rating and issued a $122.00 price target on shares of Oklo in a report on Wednesday, November 12th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $106.00 price target on shares of Oklo in a research report on Friday, January 9th. Two research 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 stock. Based on data from MarketBeat, Oklo currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.20.

Oklo Price Performance

The firm has a 50-day moving average of $87.32 and a 200 day moving average of $97.12.

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

Insider Buying and Selling

In other Oklo news, CEO Jacob Dewitte sold 840,000 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $82.32, for a total transaction 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. This trade represents a 34.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard Craig Bealmear sold 69,841 shares of Oklo stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $78.40, for a total value of $5,475,534.40. Following the sale, the chief financial officer directly owned 202,072 shares in the company, valued at $15,842,444.80. The trade was a 25.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,762,526 shares of company stock valued at $153,283,847 over the last quarter. Corporate insiders own 18.90% of the company’s stock.

Institutional Trading of Oklo

Several institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 valued at $792,822,000 after acquiring an additional 2,968,981 shares during the period. Vanguard Group Inc. increased its position in shares of Oklo by 33.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,593,468 shares of the company’s stock worth $1,294,179,000 after purchasing an additional 2,901,909 shares in the last quarter. State Street Corp lifted its holdings in Oklo by 454.5% during the 2nd quarter. State Street Corp now owns 2,138,658 shares of the company’s stock valued at $119,743,000 after purchasing an additional 1,752,946 shares during the last quarter. Geode Capital Management LLC boosted its position in Oklo by 195.9% in the second 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, Van ECK Associates Corp boosted its position in Oklo by 61.0% in the third quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock valued at $387,914,000 after buying an additional 1,316,867 shares in the last quarter. 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.