Oklo (NYSE:OKLO) Trading Down 1.9% – Should You Sell?

Oklo Inc. (NYSE:OKLO)’s stock price was down 1.9% during trading on Tuesday . The company traded as low as $80.79 and last traded at $81.8740. Approximately 6,560,515 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 17,866,910 shares. The stock had previously closed at $83.44.

Wall Street Analyst Weigh In

Several brokerages have weighed in on OKLO. UBS Group increased their price objective on Oklo from $65.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Barclays set a $146.00 price target on Oklo in a research report on Monday, September 29th. Canaccord Genuity Group started coverage on Oklo in a report on Thursday, October 9th. They issued a “buy” rating and a $175.00 price objective for the company. B. Riley boosted their price objective on Oklo from $58.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Finally, Wedbush reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Oklo in a report on Wednesday, November 12th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $102.87.

Oklo Stock Down 1.9%

The company has a market capitalization of $12.79 billion, a PE ratio of -151.62 and a beta of 0.73. The company has a 50-day moving average price of $110.60 and a two-hundred day moving average price of $90.89.

Oklo (NYSE:OKLO) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same period last year, the firm earned ($0.08) earnings per share. As a group, equities analysts anticipate that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Transactions at Oklo

In related news, insider William Carroll Murphy Goodwin sold 5,864 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $88.42, for a total transaction of $518,494.88. Following the sale, the insider owned 13,620 shares of the company’s stock, valued at approximately $1,204,280.40. This represents a 30.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Richard Craig Bealmear sold 5,159 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $76.97, for a total transaction of $397,088.23. Following the completion of the sale, the chief financial officer owned 196,913 shares in the company, valued at $15,156,393.61. This represents a 2.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 392,800 shares of company stock valued at $41,284,680. 18.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Oklo

Institutional investors and hedge funds have recently made changes to their positions in the business. Caldwell Sutter Capital Inc. purchased a new position in Oklo during the second quarter worth about $25,000. Private Trust Co. NA bought a new stake in shares of Oklo during the 2nd quarter valued at about $25,000. Fourth Dimension Wealth LLC grew its holdings in shares of Oklo by 125.0% during the second quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock worth $25,000 after purchasing an additional 250 shares in the last quarter. Armstrong Advisory Group Inc. purchased a new position in shares of Oklo during the third quarter worth about $27,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Oklo in the second quarter worth approximately $28,000. Hedge funds and other 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.