Oklo Target of Unusually Large Options Trading (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO) was the recipient of unusually large options trading activity on Wednesday. Stock investors acquired 101,769 call options on the stock. This is an increase of 67% compared to the average volume of 60,759 call options.

Oklo Stock Performance

Shares of OKLO stock opened at $37.00 on Friday. Oklo has a 52-week low of $5.35 and a 52-week high of $59.14. The stock has a market cap of $5.15 billion, a PE ratio of -3.65 and a beta of -0.02. The firm’s 50 day moving average price is $25.17 and its two-hundred day moving average price is $27.73.

Oklo (NYSE:OKLO) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. As a group, sell-side analysts predict that Oklo will post -8.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director John M. Jansen acquired 6,000 shares of the firm’s stock in a transaction on Thursday, March 27th. The shares were purchased at an average cost of $24.57 per share, with a total value of $147,420.00. Following the completion of the purchase, the director now owns 6,000 shares of the company’s stock, valued at $147,420. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jacob Dewitte sold 41,000 shares of the company’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $21.80, for a total transaction of $893,800.00. Following the sale, the chief executive officer now directly owns 10,852,926 shares in the company, valued at $236,593,786.80. This represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.80% of the company’s stock.

Hedge Funds Weigh In On Oklo

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Oklo by 92.8% in the fourth quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company’s stock worth $92,216,000 after purchasing an additional 2,090,154 shares during the period. Van ECK Associates Corp acquired a new stake in Oklo in the fourth quarter worth $38,661,000. Atomi Financial Group Inc. acquired a new stake in Oklo in the fourth quarter worth $19,285,000. TimesSquare Capital Management LLC acquired a new stake in Oklo in the fourth quarter worth $17,104,000. Finally, JAT Capital Mgmt LP acquired a new stake in Oklo in the fourth quarter worth $14,798,000. 85.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

OKLO has been the topic of several research analyst reports. BTIG Research initiated coverage on shares of Oklo in a research note on Friday, April 11th. They set a “neutral” rating on the stock. B. Riley increased their price target on shares of Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Wedbush reissued an “outperform” rating and set a $45.00 price target on shares of Oklo in a research note on Tuesday, March 25th. Craig Hallum initiated coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 price target on the stock. Finally, Citigroup reissued a “neutral” rating on shares of Oklo in a research note on Wednesday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $46.40.

About Oklo

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.