Oklo (NYSE:OKLO) Shares Up 3% – Time to Buy?

Shares of Oklo Inc. (NYSE:OKLO) rose 3% during trading on Friday . The company traded as high as $68.19 and last traded at $65.8260. Approximately 6,052,633 shares changed hands during trading, a decline of 54% from the average daily volume of 13,017,869 shares. The stock had previously closed at $63.92.

Analysts Set New Price Targets

OKLO has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oklo in a research report on Thursday, January 22nd. Needham & Company LLC reaffirmed a “buy” rating on shares of Oklo in a report on Friday, January 9th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $122.00 price target on shares of Oklo in a research note on Wednesday, November 12th. Citigroup restated a “neutral” rating on shares of Oklo in a research report on Monday, November 24th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $106.00 target price on shares of Oklo in a research report on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Oklo presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.20.

Oklo Price Performance

The business’s 50-day moving average price is $84.31 and its 200-day moving average price is $96.75. The firm has a market capitalization of $10.29 billion, a PE ratio of -121.90 and a beta of 0.76.

Insider Transactions at Oklo

In related news, CEO Jacob Dewitte sold 140,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $75.18, for a total transaction of $10,525,200.00. Following the transaction, the chief executive officer owned 739,023 shares of the company’s stock, valued at $55,559,749.14. This trade represents a 15.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Richard Craig Bealmear sold 9,726 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $76.93, for a total value of $748,221.18. Following the sale, the chief financial officer directly owned 196,913 shares of the company’s stock, valued at approximately $15,148,517.09. This represents a 4.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,762,526 shares of company stock valued at $153,283,847 over the last ninety days. Corporate insiders own 18.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in OKLO. Plancorp LLC increased its position in Oklo by 1.2% during the 3rd quarter. Plancorp LLC now owns 6,089 shares of the company’s stock worth $680,000 after purchasing an additional 73 shares during the period. Parkside Financial Bank & Trust grew its holdings in Oklo by 3.7% during the third quarter. Parkside Financial Bank & Trust now owns 2,622 shares of the company’s stock worth $293,000 after acquiring an additional 94 shares during the period. Prestige Wealth Management Group LLC grew its holdings in Oklo by 1.5% during the third quarter. Prestige Wealth Management Group LLC now owns 7,066 shares of the company’s stock worth $789,000 after acquiring an additional 101 shares during the period. Meriwether Wealth & Planning LLC raised its position in Oklo by 2.7% in the fourth quarter. Meriwether Wealth & Planning LLC now owns 4,545 shares of the company’s stock worth $326,000 after acquiring an additional 120 shares in the last quarter. Finally, Rossby Financial LCC lifted its holdings in Oklo by 75.0% in the third quarter. Rossby Financial LCC now owns 350 shares of the company’s stock valued at $41,000 after acquiring an additional 150 shares during the period. 85.03% of the stock is owned by hedge funds and other institutional investors.

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.