Oklo Inc. (NYSE:OKLO - Get Free Report) Director John M. Jansen bought 6,000 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were bought at an average price of $24.57 per share, with a total value of $147,420.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at approximately $147,420. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Oklo Trading Down 3.0 %
OKLO opened at $21.72 on Tuesday. The company has a market cap of $3.02 billion, a P/E ratio of -2.14 and a beta of -0.28. The company's 50 day moving average is $36.01 and its 200-day moving average is $24.86. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $59.14.
Oklo (NYSE:OKLO - Get Free Report) last issued its earnings results on Monday, March 24th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). On average, equities analysts forecast that Oklo Inc. will post -8.2 EPS for the current year.
Institutional Investors Weigh In On Oklo
Several hedge funds have recently modified their holdings of OKLO. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Oklo in the third quarter valued at about $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Oklo in the 3rd quarter valued at approximately $104,000. Atom Investors LP bought a new position in Oklo in the 3rd quarter valued at approximately $657,000. HITE Hedge Asset Management LLC acquired a new stake in Oklo during the 3rd quarter worth approximately $19,753,000. Finally, Point72 Asset Management L.P. bought a new stake in Oklo during the 3rd quarter worth approximately $1,023,000. Institutional investors and hedge funds own 85.03% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. B. Riley upped their price objective on shares of Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Craig Hallum began coverage on shares of Oklo in a research report on Tuesday, January 28th. They set a "buy" rating and a $44.00 price target on the stock. Citigroup lowered their price objective on shares of Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $45.00 target price on shares of Oklo in a report on Tuesday, March 25th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $44.25.
View Our Latest Stock Analysis on OKLO
Oklo Company Profile
(
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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.
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