Oklo (NYSE:OKLO) Shares Gap Up - Should You Buy?

Oklo Inc. (NYSE:OKLO - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $22.50, but opened at $23.93. Oklo shares last traded at $22.44, with a volume of 2,765,212 shares trading hands.Analysts Set New Price TargetsOklo’s Stock Price Meltdown Is an Opportunity to BuyA number of research analysts recently issued reports on OKLO shares. B. Riley lifted their price target on shares of Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Craig Hallum initiated coverage on Oklo in a report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price objective for the company. Wedbush restated an "outperform" rating and issued a $45.00 price objective on shares of Oklo in a research note on Tuesday, March 25th. BTIG Research started coverage on shares of Oklo in a report on Friday. They issued a "neutral" rating for the company. Finally, Citigroup lowered their price target on shares of Oklo from $31.00 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Oklo presently has an average rating of "Moderate Buy" and a consensus price target of $44.25.Check Out Our Latest Research Report on OKLOOklo Stock Up 2.4 %NVIDIA’s Soaring Energy Needs Make These 3 Nuclear Stocks a BuyThe stock's 50 day moving average price is $32.41 and its 200-day moving average price is $25.87. The stock has a market capitalization of $3.20 billion, a P/E ratio of -2.27 and a beta of -0.01. Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings data on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). Analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current year. Insiders Place Their Bets3 Mid-Caps Worth Watching Closely in March In other news, Director John M. Jansen purchased 6,000 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were bought at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the purchase, the director now directly owns 6,000 shares of the company's stock, valued at approximately $147,420. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jacob Dewitte sold 41,000 shares of Oklo stock in a transaction on Monday, March 31st. The shares were sold at an average price of $21.80, for a total value of $893,800.00. Following the completion of the sale, the chief executive officer now directly owns 10,852,926 shares of the company's stock, valued at $236,593,786.80. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.80% of the stock is owned by company insiders. Hedge Funds Weigh In On OkloA number of hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Oklo by 1.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company's stock worth $104,646,000 after buying an additional 74,315 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Oklo by 92.8% in the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock valued at $92,216,000 after purchasing an additional 2,090,154 shares in the last quarter. Van ECK Associates Corp purchased a new stake in shares of Oklo during the 4th quarter worth $38,661,000. Atomi Financial Group Inc. acquired a new stake in Oklo during the fourth quarter worth approximately $19,285,000. Finally, TimesSquare Capital Management LLC acquired a new position in shares of Oklo in the 4th quarter valued at $17,104,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors. About Oklo (Get Free Report)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. Featured ArticlesFive stocks we like better than OkloWhat Investors Need to Know About Upcoming IPOs3 High-Yield Dividend Stocks Trading at a DiscountStock Analyst Ratings and Canadian Analyst RatingsDon’t Fear, New Highs for Fastenal Will Soon Be HereWhen to Sell a Stock for Profit or Loss5 Winning Plays Outperforming the S&P This YearThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Oklo Right Now?Before you consider Oklo, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oklo wasn't on the list.While Oklo currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here