Oklo (NYSE:OKLO) Upgraded at Daiwa America

Daiwa America upgraded shares of Oklo (NYSE:OKLO) from a hold rating to a strong-buy rating in a research report report published on Sunday,Zacks.com reports.

A number of other research firms have also commented on OKLO. Seaport Res Ptn upgraded Oklo from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 9th. HC Wainwright assumed coverage on shares of Oklo in a research note on Wednesday, April 23rd. They issued a “buy” rating and a $55.00 price target for the company. Wedbush set a $75.00 price target on shares of Oklo and gave the stock an “outperform” rating in a report on Thursday, June 12th. CLSA upgraded Oklo from an “outperform” rating to a “moderate buy” rating and lifted their price target for the company from $50.00 to $74.00 in a research note on Tuesday, May 27th. Finally, Citigroup increased their target price on Oklo from $30.00 to $68.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.33.

Oklo Trading Down 5.8%

NYSE OKLO opened at $71.12 on Friday. The stock has a market cap of $9.92 billion, a PE ratio of -13.15 and a beta of 0.57. The stock has a fifty day simple moving average of $57.78 and a 200-day simple moving average of $40.38. Oklo has a twelve month low of $5.35 and a twelve month high of $78.13.

Oklo (NYSE:OKLO) last released its earnings results on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.04. Research analysts predict that Oklo will post -8.2 EPS for the current year.

Insider Buying and Selling

In related news, CEO Jacob Dewitte sold 300,000 shares of the company’s stock in a transaction on Monday, June 30th. The shares were sold at an average price of $55.20, for a total value of $16,560,000.00. Following the completion of the transaction, the chief executive officer directly owned 10,105,098 shares of the company’s stock, valued at approximately $557,801,409.60. This represents a 2.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Stuart Klein sold 150,000 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $62.74, for a total transaction of $9,411,000.00. Following the sale, the director owned 250,000 shares in the company, valued at $15,685,000. This represents a 37.50% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 600,000 shares of company stock worth $35,066,500. 18.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caldwell Sutter Capital Inc. purchased a new stake in shares of Oklo in the second quarter valued at approximately $25,000. Private Trust Co. NA purchased a new stake in shares of Oklo during the second quarter worth approximately $25,000. TD Waterhouse Canada Inc. purchased a new position in shares of Oklo during the fourth quarter valued at approximately $27,000. CoreCap Advisors LLC purchased a new position in Oklo during the fourth quarter worth approximately $32,000. Finally, Covestor Ltd bought a new position in shares of Oklo in the 4th quarter worth about $34,000. Institutional investors 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.