Oklo (NYSE:OKLO) Stock Price Down 3.7% – Should You Sell?

Oklo Inc. (NYSE:OKLO) was down 3.7% during mid-day trading on Friday . The stock traded as low as $86.17 and last traded at $87.5430. Approximately 9,299,300 shares changed hands during trading, a decline of 38% from the average daily volume of 14,986,571 shares. The stock had previously closed at $90.93.

Analysts Set New Price Targets

OKLO has been the topic of several recent analyst reports. Barclays set a $146.00 target price on Oklo in a research report on Monday, September 29th. UBS Group reiterated a “neutral” rating on shares of Oklo in a research report on Monday, January 12th. Wedbush reiterated an “outperform” rating on shares of Oklo in a research note on Friday, January 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $106.00 target price on shares of Oklo in a report on Friday, January 9th. Finally, B. Riley lifted their price target on shares of Oklo from $58.00 to $129.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Oklo presently has a consensus rating of “Moderate Buy” and an average price target of $103.20.

Oklo Stock Performance

The stock has a market capitalization of $13.68 billion, a PE ratio of -162.12 and a beta of 0.76. The company’s fifty day simple moving average is $90.24 and its two-hundred day simple moving average is $95.24.

Oklo (NYSE:OKLO) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same quarter last year, the business posted ($0.08) EPS. Sell-side analysts forecast that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Transactions at Oklo

In other news, CEO Jacob Dewitte sold 840,000 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $82.32, for a total value of $69,148,800.00. Following the sale, the chief executive officer directly owned 1,580,000 shares in the company, valued at $130,065,600. This represents a 34.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William Carroll Murphy Goodwin sold 11,936 shares of Oklo stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $101.84, for a total value of $1,215,562.24. Following the sale, the insider owned 8,750 shares of the company’s stock, valued at approximately $891,100. This represents a 57.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,552,800 shares of company stock valued at $137,543,426 over the last three months. 18.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Oklo

Several institutional investors and hedge funds have recently modified their holdings of the company. Private Trust Co. NA purchased a new stake in Oklo in the 2nd quarter worth approximately $25,000. Fourth Dimension Wealth LLC boosted 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 during the last quarter. GAMMA Investing LLC grew its position in shares of Oklo by 356.3% in the fourth quarter. GAMMA Investing LLC now owns 365 shares of the company’s stock valued at $26,000 after purchasing an additional 285 shares during the period. Armstrong Advisory Group Inc. purchased a new stake in shares of Oklo in the third quarter valued at $27,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in Oklo in the second quarter valued at $28,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

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.