Oklo Inc. (NYSE:OKLO) Receives Consensus Rating of “Moderate Buy” from Analysts

Oklo Inc. (NYSE:OKLO) has received an average recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $44.50.

Several equities research analysts have commented on OKLO shares. Craig Hallum started coverage on Oklo in a research note on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price on the stock. Wedbush boosted their price target on Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Citigroup boosted their price target on Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Finally, B. Riley boosted their price target on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th.

Insiders Place Their Bets

In related news, CEO Jacob Dewitte sold 230,569 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the transaction, the chief executive officer now directly owns 12,543,085 shares of the company’s stock, valued at approximately $271,056,066.85. The trade was a 1.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Kinzley bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at $99,750. The trade was a ? increase in their position. The disclosure for this purchase can be found here. Insiders own 21.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OKLO. HITE Hedge Asset Management LLC acquired a new position in shares of Oklo during the 3rd quarter worth approximately $19,753,000. Vanguard Group Inc. grew its holdings in 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 buying an additional 2,090,154 shares in the last quarter. Van ECK Associates Corp acquired a new position in Oklo in the 4th quarter valued at $38,661,000. Atomi Financial Group Inc. acquired a new position in Oklo in the 4th quarter valued at $19,285,000. Finally, TimesSquare Capital Management LLC acquired a new position in Oklo in the 4th quarter valued at $17,104,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Oklo Stock Performance

NYSE OKLO opened at $29.38 on Tuesday. The stock’s 50 day moving average price is $35.22 and its two-hundred day moving average price is $22.01. Oklo has a 52 week low of $5.35 and a 52 week high of $59.14.

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.