Oklo (NYSE:OKLO) Given New $74.00 Price Target at CLSA

Oklo (NYSE:OKLO) had its price target raised by CLSA from $50.00 to $74.00 in a report published on Tuesday morning,Benzinga reports. CLSA currently has an outperform rating on the stock.

OKLO has been the topic of a number of other reports. Citigroup reaffirmed a “neutral” rating on shares of Oklo in a report on Wednesday, May 14th. Wedbush lifted their target price on Oklo from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, May 23rd. B. Riley lifted their target price on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Craig Hallum began coverage on Oklo in a report on Tuesday, January 28th. They set a “buy” rating and a $44.00 target price on the stock. Finally, HC Wainwright began coverage on Oklo in a report on Wednesday, April 23rd. They set a “buy” rating and a $55.00 target price on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Oklo presently has a consensus rating of “Moderate Buy” and an average price target of $52.67.

Oklo Stock Performance

Shares of OKLO opened at $53.79 on Tuesday. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of -9.94 and a beta of -0.02. Oklo has a one year low of $5.35 and a one year high of $59.14. The stock’s fifty day moving average is $27.77 and its 200-day moving average is $28.87.

Oklo (NYSE:OKLO) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. Analysts forecast that Oklo will post -8.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Oklo news, CEO Jacob Dewitte sold 35,365 shares of Oklo stock in a transaction dated 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 owns 11,033,561 shares of the company’s stock, valued at $277,494,059.15. The trade was a 0.32% decrease in their position. The transaction was disclosed in a legal filing 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 cost of $24.57 per share, for a total transaction of $147,420.00. Following the purchase, the director now owns 6,000 shares in the company, valued at approximately $147,420. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oklo

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Oklo by 92.8% during 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 during the last quarter. Van ECK Associates Corp acquired a new stake in shares of Oklo during the 4th quarter valued at about $38,661,000. TimesSquare Capital Management LLC acquired a new stake in shares of Oklo during the 4th quarter valued at about $17,104,000. JAT Capital Mgmt LP acquired a new stake in shares of Oklo during the 4th quarter valued at about $14,798,000. Finally, Millennium Management LLC lifted its holdings in shares of Oklo by 4,974.1% during the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after buying an additional 570,532 shares during the last quarter. Hedge funds and other institutional investors own 85.03% of the company’s stock.

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.