--- title: "Oklo (NYSE:OKLO) Trading Up 16.8% - Here's Why" type: "News" locale: "en" url: "https://longbridge.com/en/news/285450430.md" description: "Oklo Inc. (NYSE:OKLO) shares surged 16.8% during mid-day trading, reaching $79.8450. The trading volume increased by 96% compared to the average. Analysts have mixed ratings, with Citigroup lowering its price target to $73.50, while Cantor Fitzgerald set a target of $122.00. The stock has a consensus rating of \"Moderate Buy\" and an average target price of $87.68. Recent insider sales included CEO Jacob Dewitte selling 140,000 shares. Institutional investors have also increased their stakes in the company, with 85.03% of shares owned by hedge funds and other institutions." datetime: "2026-05-06T22:36:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285450430.md) - [en](https://longbridge.com/en/news/285450430.md) - [zh-HK](https://longbridge.com/zh-HK/news/285450430.md) --- # Oklo (NYSE:OKLO) Trading Up 16.8% - Here's Why Oklo Inc. (NYSE:OKLO - Get Free Report)'s share price was up 16.8% during mid-day trading on Wednesday . The company traded as high as $80.08 and last traded at $79.8450. Approximately 22,564,700 shares traded hands during mid-day trading, an increase of 96% from the average daily volume of 11,534,696 shares. The stock had previously closed at $68.38. ## Analyst Upgrades and Downgrades - Bridget’s Buys: The Bottom 5 Stocks and What to Do Next A number of equities analysts recently issued reports on OKLO shares. Citigroup dropped their price target on shares of Oklo from $95.00 to $73.50 and set a "neutral" rating on the stock in a research note on Wednesday, March 18th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $122.00 price target on shares of Oklo in a research note on Wednesday, March 18th. UBS Group dropped their price target on shares of Oklo from $95.00 to $60.00 and set a "neutral" rating on the stock in a research note on Thursday, March 26th. Wedbush reissued an "outperform" rating on shares of Oklo in a research report on Friday, January 9th. Finally, Tigress Financial started coverage on Oklo in a research report on Monday, April 27th. They issued a "buy" rating and a $130.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Oklo currently has a consensus rating of "Moderate Buy" and an average target price of $87.68. **Check Out Our Latest Stock Analysis on Oklo** ## Oklo Stock Performance - 3 Energy Stocks to Buy as AI Power Demand Surges—and 2 to Avoid The stock has a 50-day simple moving average of $59.81 and a two-hundred day simple moving average of $82.65. The firm has a market cap of $13.89 billion, a PE ratio of -110.89 and a beta of 1.16. Oklo (NYSE:OKLO - Get Free Report) last issued its earnings results on Tuesday, March 17th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.10). During the same period last year, the firm earned ($0.74) earnings per share. As a group, sell-side analysts anticipate that Oklo Inc. will post -0.75 EPS for the current fiscal year. ## Insider Buying and Selling at Oklo - Nuclear's Pullback: A Generational Buying Opportunity? In other Oklo news, insider William Carroll Murphy Goodwin sold 2,820 shares of the business's stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $56.69, for a total transaction of $159,865.80. Following the completion of the sale, the insider directly owned 15,991 shares in the company, valued at $906,529.79. The trade was a 14.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jacob Dewitte sold 140,000 shares of the business's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $70.50, for a total value of $9,870,000.00. Following the sale, the chief executive officer owned 598,039 shares of the company's stock, valued at approximately $42,161,749.50. This represents a 18.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 809,040 shares of company stock worth $49,162,094 in the last three months. 18.90% of the stock is currently owned by company insiders. ## Institutional Inflows and Outflows Large investors have recently made changes to their positions in the stock. Caprock Group LLC purchased a new position in shares of Oklo during the 3rd quarter valued at about $14,829,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Oklo by 48.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 164,860 shares of the company's stock valued at $18,403,000 after buying an additional 54,080 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Oklo by 298.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 23,396 shares of the company's stock valued at $2,612,000 after purchasing an additional 17,526 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Oklo during the 3rd quarter valued at approximately $2,177,000. Finally, Van ECK Associates Corp raised its stake in Oklo by 61.0% during the 3rd quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company's stock valued at $387,914,000 after purchasing an additional 1,316,867 shares during the period. 85.03% of the stock is owned by hedge funds and other institutional investors. ## About Oklo (Get Free Report) 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. ## Featured Articles - Five stocks we like better than Oklo _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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. 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