Brokerages Set Oklo Inc. (NYSE:OKLO) Price Target at $52.67

Oklo Inc. (NYSE:OKLO) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $56.00.

A number of equities research analysts recently issued reports on the stock. Citigroup reissued a “neutral” rating on shares of Oklo in a report on Wednesday, May 14th. CLSA raised shares of Oklo from an “outperform” rating to a “moderate buy” rating and upped their price objective for the company from $50.00 to $74.00 in a report on Tuesday, May 27th. HC Wainwright assumed coverage on shares of Oklo in a report on Wednesday, April 23rd. They issued a “buy” rating and a $55.00 price objective for the company. William Blair assumed coverage on shares of Oklo in a report on Wednesday, May 28th. They issued an “outperform” rating for the company. Finally, BTIG Research assumed coverage on shares of Oklo in a report on Friday, April 11th. They issued a “neutral” rating for the company.

Oklo Stock Down 1.2%

Shares of NYSE OKLO opened at $63.69 on Thursday. The firm has a 50-day simple moving average of $35.82 and a 200-day simple moving average of $31.80. The stock has a market capitalization of $8.87 billion, a price-to-earnings ratio of -11.77 and a beta of 0.58. Oklo has a 52 week low of $5.35 and a 52 week high of $71.00.

Oklo (NYSE:OKLO) last issued its 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. As a group, equities research analysts expect that Oklo will post -8.2 EPS for the current year.

Insider Transactions at Oklo

In other Oklo news, CEO Jacob Dewitte sold 41,000 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $21.80, for a total value of $893,800.00. Following the completion of the transaction, the chief executive officer now owns 10,852,926 shares in the company, valued at $236,593,786.80. This represents a 0.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John M. Jansen purchased 6,000 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The shares were purchased 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 owns 6,000 shares in the company, valued at approximately $147,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 21.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. TD Waterhouse Canada Inc. purchased a new stake in Oklo in the 4th quarter worth about $27,000. Sandy Spring Bank acquired a new stake in shares of Oklo during the 4th quarter worth approximately $32,000. CoreCap Advisors LLC bought a new position in shares of Oklo during the 4th quarter worth approximately $32,000. Covestor Ltd bought a new position in Oklo in the 4th quarter valued at $34,000. Finally, KBC Group NV bought a new position in Oklo in the 1st quarter valued at $36,000. 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.