Oklo (NYSE:OKLO) Reaches New 1-Year High - Here's Why

Oklo Inc. (NYSE:OKLO - Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as $89.46 and last traded at $86.00, with a volume of 3355689 shares traded. The stock had previously closed at $82.71.Wall Street Analyst Weigh InHere's What Separates Oklo From the Rest of the Nuclear Startups OKLO has been the topic of a number of research reports. Bank of America initiated coverage on Oklo in a report on Tuesday, August 26th. They issued a "buy" rating and a $92.00 price target on the stock. William Blair restated an "outperform" rating on shares of Oklo in a report on Tuesday, August 12th. BTIG Research restated a "neutral" rating on shares of Oklo in a report on Tuesday, August 12th. Craig Hallum cut Oklo from a "buy" rating to a "hold" rating and set a $59.00 price target on the stock. in a report on Monday, June 23rd. Finally, Cantor Fitzgerald set a $73.00 target price on Oklo and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $66.45.View Our Latest Research Report on OKLOOklo Price PerformanceTop 5 September Stock Picks: Market Tailwinds Drive New MomentumThe firm has a market cap of $12.65 billion, a PE ratio of -204.58 and a beta of 0.59. The stock has a 50-day moving average price of $70.61 and a 200 day moving average price of $48.28. Oklo (NYSE:OKLO - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). As a group, equities research analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current year. Insiders Place Their BetsWho Won and Who Lost in Nuclear Energy’s Q2 EarningsIn other Oklo news, insider William Carroll Murphy Goodwin sold 41,387 shares of the business's 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jacob Dewitte sold 300,000 shares of the business's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $55.20, for a total value of $16,560,000.00. Following the transaction, the chief executive officer owned 10,105,098 shares in the company, valued at approximately $557,801,409.60. This represents a 2.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 641,387 shares of company stock worth $37,967,315 over the last quarter. 18.90% of the stock is owned by corporate insiders. Institutional Inflows and OutflowsA number of hedge funds and other institutional investors have recently modified their holdings of OKLO. Caldwell Sutter Capital Inc. purchased a new stake in shares of Oklo during the second quarter worth about $25,000. Private Trust Co. NA purchased a new stake in shares of Oklo during the second quarter worth about $25,000. Fourth Dimension Wealth LLC increased its position 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 acquiring an additional 250 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of Oklo during the second quarter worth about $28,000. Finally, Creative Financial Designs Inc. ADV increased its position in shares of Oklo by 107.0% during the second quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company's stock worth $33,000 after acquiring an additional 305 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company's stock. 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. 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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