Oklo (NYSE:OKLO) Trading Up 7.8% – Still a Buy?

Shares of Oklo Inc. (NYSE:OKLO) traded up 7.8% on Monday . The company traded as high as $79.65 and last traded at $78.1410. 17,176,818 shares changed hands during trading, an increase of 48% from the average session volume of 11,620,602 shares. The stock had previously closed at $72.51.

Key Headlines Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Tigress Financial Partners initiated coverage of Oklo with a Buy rating and a $130 price target, citing the company’s own-and-operate model and its Aurora reactor platform as a key long-term growth driver. Tigress Financial Partners Initiates Coverage of Oklo (OKLO) Stock
• Positive Sentiment: JPMorgan Chase & Co. also started coverage with a Neutral rating and an $83 price target, which is still above the recent trading level and suggests the stock may have room to run even after its recent move. Benzinga coverage of JPMorgan initiation
• Positive Sentiment: Investor interest remains strong ahead of Oklo’s earnings-related volatility, with traders pricing in a meaningful post-earnings move, which has helped keep attention on the stock. Here’s how much traders expect nuclear startup Oklo’s stock to move after earnings
• Neutral Sentiment: Recent articles comparing Oklo with Nano Nuclear Energy and discussing the company’s 10x upside potential have added to the speculative enthusiasm, but these pieces are opinion-driven rather than new fundamental developments. Better Nuclear Energy Stock: Oklo vs. Nano Nuclear Energy
• Neutral Sentiment: Oklo was also noted as expected to announce earnings, keeping the stock in focus as investors wait for fresh financial results and guidance. Oklo (OKLO) Expected to Announce Earnings on Tuesday

Analysts Set New Price Targets

Several brokerages have weighed in on OKLO. HSBC began coverage on Oklo in a report on Thursday, April 23rd. They issued a “buy” rating and a $96.00 price target for the company. Citigroup lowered their price target on Oklo from $95.00 to $73.50 and set a “neutral” rating for the company in a report on Wednesday, March 18th. Zacks Research raised Oklo from a “strong sell” rating to a “hold” rating in a report on Thursday, March 19th. HC Wainwright reissued a “buy” rating and issued a $90.00 price target on shares of Oklo in a report on Wednesday, March 18th. Finally, Craig Hallum reissued a “hold” rating on shares of Oklo in a report on Wednesday, March 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $87.42.

Oklo Stock Up 7.8%

The firm has a market capitalization of $13.59 billion, a PE ratio of -108.53 and a beta of 1.16. The stock has a 50-day moving average price of $60.27 and a 200 day moving average price of $81.43.

Oklo (NYSE:OKLO) last posted its quarterly earnings data on Tuesday, March 17th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.10). During the same quarter last year, the firm posted ($0.74) earnings per share. As a group, equities analysts predict that Oklo Inc. will post -0.75 earnings per share for the current fiscal year.

Insider Buying and Selling at Oklo

In other news, insider William Carroll Murphy Goodwin sold 2,820 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $56.69, for a total value of $159,865.80. Following the transaction, the insider owned 15,991 shares of the company’s stock, valued at $906,529.79. This represents a 14.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Richard Craig Bealmear sold 16,342 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $51.08, for a total value of $834,749.36. Following the transaction, the chief financial officer directly owned 386,008 shares in the company, valued at approximately $19,717,288.64. The trade was a 4.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 809,040 shares of company stock worth $49,162,094 in the last three months. 18.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Oklo

Several large investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust increased its holdings in Oklo by 3.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 2,622 shares of the company’s stock worth $293,000 after purchasing an additional 94 shares during the period. Prestige Wealth Management Group LLC increased its holdings in Oklo by 1.5% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 7,066 shares of the company’s stock worth $789,000 after purchasing an additional 101 shares during the period. Meriwether Wealth & Planning LLC increased its holdings in Oklo by 2.7% during the 4th quarter. Meriwether Wealth & Planning LLC now owns 4,545 shares of the company’s stock worth $326,000 after purchasing an additional 120 shares during the period. Rossby Financial LCC increased its holdings in Oklo by 75.0% during the 3rd quarter. Rossby Financial LCC now owns 350 shares of the company’s stock worth $41,000 after purchasing an additional 150 shares during the period. Finally, NBC Securities Inc. increased its holdings in Oklo by 75.0% during the 4th quarter. NBC Securities Inc. now owns 350 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors 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.