Brokerages Set Oklo Inc. (NYSE:OKLO) Price Target at $46.40

Shares of Oklo Inc. (NYSE:OKLO) have received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $46.40.

Several equities analysts have recently weighed in on the company. B. Riley raised their price objective on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 6th. BTIG Research began coverage on Oklo in a report on Friday, April 11th. They set a “neutral” rating for the company. Craig Hallum began coverage on Oklo in a report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price target for the company. Wedbush set a $45.00 price target on Oklo and gave the stock an “outperform” rating in a report on Wednesday, May 14th. Finally, HC Wainwright assumed coverage on Oklo in a report on Wednesday, April 23rd. They set a “buy” rating and a $55.00 target price on the stock.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OKLO. Barclays PLC acquired a new position in Oklo during the third quarter valued at approximately $58,000. Joule Financial LLC acquired a new position in Oklo during the fourth quarter valued at approximately $1,963,000. Atomi Financial Group Inc. acquired a new position in Oklo during the fourth quarter valued at approximately $19,285,000. Janney Montgomery Scott LLC acquired a new position in Oklo during the fourth quarter valued at approximately $617,000. Finally, Secure Asset Management LLC acquired a new position in Oklo during the fourth quarter valued at approximately $1,403,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Oklo Price Performance

Shares of NYSE OKLO opened at $37.45 on Friday. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of -6.92 and a beta of -0.02. The business has a 50-day moving average of $25.96 and a 200-day moving average of $28.08. Oklo has a fifty-two week low of $5.35 and a fifty-two week high of $59.14.

Oklo (NYSE:OKLO) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.04. On average, sell-side analysts expect that Oklo will post -8.2 EPS for the current year.

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.