Oklo (NYSE:OKLO) Trading 5.7% Higher – What’s Next?

Oklo Inc. (NYSE:OKLO) rose 5.7% on Monday . The stock traded as high as $53.58 and last traded at $52.85. 9,036,667 shares were traded during trading, a decline of 25% from the average session volume of 12,114,277 shares. The stock had previously closed at $50.00.

Analyst Upgrades and Downgrades

A number of research analysts have commented on OKLO shares. Wedbush reiterated an “outperform” rating and issued a $110.00 price objective on shares of Oklo in a research report on Tuesday, May 26th. B. Riley Financial dropped their target price on shares of Oklo from $129.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $122.00 price objective on shares of Oklo in a research note on Wednesday, May 13th. The Goldman Sachs Group reduced their target price on Oklo from $91.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. Finally, Weiss Ratings raised Oklo from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.18.

Oklo Stock Performance

The company has a 50-day moving average of $64.76 and a 200-day moving average of $69.29. The firm has a market capitalization of $9.20 billion, a price-to-earnings ratio of -62.92 and a beta of 1.10.

Oklo (NYSE:OKLO) last announced its earnings results on Tuesday, May 12th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.01. During the same quarter last year, the company earned ($0.07) EPS. As a group, analysts anticipate that Oklo Inc. will post -0.78 EPS for the current fiscal year.

Insider Activity at Oklo

In other Oklo news, CEO Jacob Dewitte sold 140,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $50.39, for a total transaction of $7,054,600.00. Following the sale, the chief executive officer directly owned 656,483 shares of the company’s stock, valued at $33,080,178.37. The trade was a 17.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider William Carroll Murphy Goodwin sold 10,548 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $58.04, for a total value of $612,205.92. Following the sale, the insider owned 36,175 shares in the company, valued at $2,099,597. The trade was a 22.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 699,971 shares of company stock valued at $44,221,357. Corporate insiders own 18.90% of the company’s stock.

Institutional Investors Weigh In On Oklo

A number of institutional investors have recently made changes to their positions in the stock. Western Wealth Management LLC bought a new position in shares of Oklo during the 1st quarter worth approximately $130,000. Pacer Advisors Inc. increased its holdings in Oklo by 19.1% during the 1st quarter. Pacer Advisors Inc. now owns 32,575 shares of the company’s stock worth $1,615,000 after purchasing an additional 5,229 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Oklo by 60.8% in the 1st quarter. Empowered Funds LLC now owns 11,073 shares of the company’s stock worth $549,000 after acquiring an additional 4,186 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its stake in Oklo by 63.4% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 19,478 shares of the company’s stock valued at $966,000 after purchasing an additional 7,557 shares during the period. Finally, NewEdge Advisors LLC raised its stake in shares of Oklo by 56.8% during the 1st quarter. NewEdge Advisors LLC now owns 35,894 shares of the company’s stock worth $1,780,000 after purchasing an additional 13,002 shares during the period. Institutional investors own 85.03% of the company’s stock.

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.