Oklo (NYSE:OKLO) Trading Down 0.2% – Should You Sell?

Shares of Oklo Inc. (NYSE:OKLO) dropped 0.2% on Tuesday . The stock traded as low as $21.98 and last traded at $21.89. 8,147,046 shares were traded during trading, a decline of 31% from the average session volume of 11,744,471 shares. The stock had previously closed at $21.93.

Analysts Set New Price Targets

Several research firms recently issued reports on OKLO. Wedbush restated an “outperform” rating and set a $45.00 price objective on shares of Oklo in a research report on Tuesday, March 25th. B. Riley raised their price target on shares of Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Citigroup reduced their price target on shares of Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. Finally, Craig Hallum started coverage on Oklo in a research report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $44.25.

Oklo Stock Performance

The business’s 50 day moving average price is $34.65 and its 200-day moving average price is $25.40. The firm has a market capitalization of $2.80 billion, a PE ratio of -1.98 and a beta of -0.01.

Oklo (NYSE:OKLO) last released its quarterly earnings results on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). As a group, analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current year.

Insider Activity

In related news, Director John M. Jansen bought 6,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average cost of $24.57 per share, with a total value of $147,420.00. Following the purchase, the director now directly owns 6,000 shares of the company’s stock, valued at $147,420. This trade represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jacob Dewitte sold 35,365 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $25.15, for a total value of $889,429.75. Following the completion of the sale, the chief executive officer now directly owns 11,033,561 shares in the company, valued at $277,494,059.15. This represents a 0.32 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Oklo by 92.8% in the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company’s stock valued at $92,216,000 after purchasing an additional 2,090,154 shares in the last quarter. Van ECK Associates Corp purchased a new position in Oklo in the fourth quarter valued at $38,661,000. Atomi Financial Group Inc. acquired a new stake in Oklo in the fourth quarter valued at $19,285,000. TimesSquare Capital Management LLC purchased a new stake in Oklo during the 4th quarter worth about $17,104,000. Finally, Geode Capital Management LLC acquired a new position in shares of Oklo during the 3rd quarter worth about $5,971,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Company Profile

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.