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

Oklo Inc. (NYSE:OKLO) has received an average recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $44.25.

Several brokerages have recently weighed in on OKLO. Wedbush restated an “outperform” rating and set a $45.00 target price on shares of Oklo in a research note on Tuesday, March 25th. Craig Hallum started coverage on Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price target for the company. Citigroup dropped their price objective on Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. Finally, B. Riley upped their target price on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 6th.

Oklo Stock Down 9.4 %

NYSE OKLO opened at $19.83 on Friday. Oklo has a fifty-two week low of $5.35 and a fifty-two week high of $59.14. The business has a 50 day moving average price of $34.83 and a two-hundred day moving average price of $25.03. The stock has a market cap of $2.76 billion, a PE ratio of -1.96 and a beta of -0.28.

Oklo (NYSE:OKLO) last announced its earnings results on Monday, March 24th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). Sell-side analysts anticipate that Oklo will post -8.2 EPS for the current fiscal year.

Insider Transactions at Oklo

In related news, CEO Jacob Dewitte sold 35,365 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $25.15, for a total transaction of $889,429.75. Following the transaction, the chief executive officer now directly owns 11,033,561 shares in the company, valued at $277,494,059.15. This trade represents a 0.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John M. Jansen bought 6,000 shares of the stock in a transaction on Thursday, March 27th. The shares were acquired at an average price of $24.57 per share, with a total value of $147,420.00. Following the purchase, the director now owns 6,000 shares of the company’s stock, valued at $147,420. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 21.80% of the company’s stock.

Institutional Investors Weigh In On Oklo

Several institutional investors and hedge funds have recently bought and sold shares of OKLO. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Oklo during the third quarter valued at $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Oklo during the 3rd quarter valued at about $104,000. Portland Investment Counsel Inc. acquired a new position in Oklo during the 3rd quarter valued at about $6,493,000. Atom Investors LP bought a new position in Oklo in the 3rd quarter worth about $657,000. Finally, HITE Hedge Asset Management LLC acquired a new stake in shares of Oklo in the third quarter valued at approximately $19,753,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Company Profile

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.