Oklo (NYSE:OKLO) Shares Gap Up – Should You Buy?

by · The Cerbat Gem

Oklo Inc. (NYSE:OKLOGet Free Report) gapped up prior to trading on Friday . The stock had previously closed at $97.60, but opened at $114.35. Oklo shares last traded at $110.2470, with a volume of 12,486,874 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have commented on OKLO shares. Citigroup restated a “neutral” rating on shares of Oklo in a research note on Monday, November 24th. Canaccord Genuity Group initiated coverage on Oklo in a report on Thursday, October 9th. They issued a “buy” rating and a $175.00 target price for the company. Bank of America decreased their price target on Oklo from $117.00 to $111.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Zacks Research upgraded Oklo from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, UBS Group increased their price objective on Oklo from $65.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $102.87.

View Our Latest Research Report on Oklo

Oklo Trading Up 12.2%

The stock has a fifty day moving average of $93.96 and a two-hundred day moving average of $92.43. The stock has a market capitalization of $17.11 billion, a price-to-earnings ratio of -203.79 and a beta of 0.76.

Oklo (NYSE:OKLOGet Free Report) last posted 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 prior year, the business earned ($0.08) earnings per share. Equities analysts expect that Oklo Inc. will post -8.2 earnings per share for the current year.

Insiders Place Their Bets

In other Oklo news, CEO Jacob Dewitte sold 200,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $90.29, for a total value of $18,058,000.00. Following the completion of the sale, the chief executive officer owned 1,480,000 shares in the company, valued at approximately $133,629,200. This trade represents a 11.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider William Carroll Murphy Goodwin sold 5,864 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $88.42, for a total transaction of $518,494.88. Following the transaction, the insider owned 13,620 shares in the company, valued at $1,204,280.40. The trade was a 30.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,132,800 shares of company stock valued at $94,813,480 in the last 90 days. 18.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Dynamic Advisor Solutions LLC increased its stake in shares of Oklo by 13.2% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 4,874 shares of the company’s stock valued at $350,000 after buying an additional 569 shares during the period. Nordea Investment Management AB acquired a new position in shares of Oklo during the fourth quarter valued at $687,000. Aventura Private Wealth LLC bought a new position in Oklo in the fourth quarter valued at about $666,000. MFG Wealth Management Inc. acquired a new stake in Oklo in the fourth quarter worth about $670,000. Finally, Park Avenue Securities LLC increased its position in Oklo by 4.0% in the fourth quarter. Park Avenue Securities LLC now owns 13,203 shares of the company’s stock worth $947,000 after purchasing an additional 506 shares during the period. Institutional investors and hedge funds own 85.03% of the company’s stock.

About Oklo

(Get Free Report)

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.

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