Stock Traders Purchase Large Volume of Oklo Call Options (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO) saw some unusual options trading activity on Thursday. Traders acquired 137,181 call options on the stock. This represents an increase of approximately 23% compared to the typical volume of 111,270 call options.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Daiwa America upgraded Oklo from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 27th. Bank of America assumed coverage on Oklo in a report on Tuesday, August 26th. They issued a “buy” rating and a $92.00 target price on the stock. Cantor Fitzgerald set a $73.00 target price on Oklo and gave the company an “overweight” rating in a report on Tuesday, July 15th. UBS Group assumed coverage on Oklo in a report on Wednesday, August 20th. They issued a “neutral” rating and a $65.00 target price on the stock. Finally, BNP Paribas raised Oklo to a “strong sell” rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Oklo currently has a consensus rating of “Moderate Buy” and an average price target of $66.45.

Insider Activity at Oklo

In other news, Director Michael Stuart Klein sold 150,000 shares of the company’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $62.74, for a total value of $9,411,000.00. Following the sale, the director owned 250,000 shares of the company’s stock, valued at approximately $15,685,000. This represents a 37.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $70.09, for a total transaction of $2,900,814.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 641,387 shares of company stock valued at $37,967,315. 18.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Oklo

A number of hedge funds have recently bought and sold shares of the company. OneDigital Investment Advisors LLC bought a new position in Oklo during the first quarter valued at approximately $229,000. Cambridge Investment Research Advisors Inc. boosted its stake in Oklo by 66.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 68,577 shares of the company’s stock valued at $1,483,000 after buying an additional 27,458 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Oklo during the first quarter valued at approximately $413,000. Spire Wealth Management boosted its stake in Oklo by 14.1% during the first quarter. Spire Wealth Management now owns 3,896 shares of the company’s stock valued at $84,000 after buying an additional 481 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Oklo during the first quarter valued at approximately $254,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Stock Performance

Shares of OKLO opened at $79.80 on Friday. The stock’s 50-day simple moving average is $70.02 and its 200 day simple moving average is $47.74. The stock has a market capitalization of $11.78 billion, a price-to-earnings ratio of -190.00 and a beta of 0.59. Oklo has a 52-week low of $5.93 and a 52-week high of $85.35.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.06). On average, research analysts forecast that Oklo will post -8.2 earnings per share for the current fiscal year.

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.