Oklo (NYSE:OKLO) Research Coverage Started at BTIG Research

BTIG Research assumed coverage on shares of Oklo (NYSE:OKLO) in a report released on Friday, Marketbeat reports. The brokerage issued a neutral rating on the stock.

Several other analysts have also recently issued reports on OKLO. B. Riley upped their price objective on shares of Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Craig Hallum started coverage on Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective on the stock. Citigroup dropped their target price on Oklo from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. Finally, Wedbush reiterated an “outperform” rating and set a $45.00 price target on shares of Oklo in a report on Tuesday, March 25th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Oklo currently has a consensus rating of “Moderate Buy” and an average price target of $44.25.

Oklo Price Performance

Shares of NYSE:OKLO opened at $22.49 on Friday. The business’s 50 day moving average price is $32.41 and its 200-day moving average price is $25.87. Oklo has a 1 year low of $5.35 and a 1 year high of $59.14. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of -2.22 and a beta of -0.01.

Oklo (NYSE:OKLO) last posted its quarterly earnings data on Monday, March 24th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). On average, sell-side analysts expect that Oklo will post -8.2 earnings per share for the current year.

Insider Transactions at Oklo

In related news, CEO Jacob Dewitte sold 41,000 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $21.80, for a total transaction of $893,800.00. Following the completion of the transaction, the chief executive officer now owns 10,852,926 shares of the company’s stock, valued at approximately $236,593,786.80. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John M. Jansen bought 6,000 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was purchased at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the transaction, the director now owns 6,000 shares of the company’s stock, valued at $147,420. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 21.80% of the company’s stock.

Hedge Funds Weigh In On Oklo

Hedge funds and other institutional investors have recently bought and sold shares of the company. TD Waterhouse Canada Inc. acquired a new stake in shares of Oklo during the fourth quarter worth about $27,000. Sandy Spring Bank acquired a new position in shares of Oklo in the fourth quarter worth $32,000. CoreCap Advisors LLC purchased a new stake in shares of Oklo during the fourth quarter worth $32,000. Covestor Ltd acquired a new stake in shares of Oklo in the fourth quarter valued at $34,000. Finally, Anfield Capital Management LLC purchased a new position in Oklo in the fourth quarter valued at $43,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

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.