Oklo Inc. (NYSE:OKLO) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Oklo Inc. (NYSE:OKLO) have been given an average rating of “Moderate Buy” by the fourteen brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $63.90.

Several equities research analysts recently weighed in on OKLO shares. Wedbush boosted their target price on Oklo from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. BNP Paribas Exane started coverage on Oklo in a report on Friday, July 25th. They issued an “underperform” rating and a $14.00 target price for the company. BTIG Research restated a “neutral” rating on shares of Oklo in a report on Tuesday, August 12th. Craig Hallum lowered Oklo from a “buy” rating to a “hold” rating and set a $59.00 target price for the company. in a report on Monday, June 23rd. Finally, Cantor Fitzgerald set a $73.00 price target on Oklo and gave the stock an “overweight” rating in a research report on Tuesday, July 15th.

Oklo Stock Performance

Shares of NYSE OKLO opened at $71.29 on Tuesday. The stock has a market cap of $10.52 billion, a price-to-earnings ratio of -169.73 and a beta of 0.60. The business has a 50 day simple moving average of $65.70 and a 200 day simple moving average of $45.42. Oklo has a 52 week low of $5.35 and a 52 week high of $85.35.

Oklo (NYSE:OKLO) last announced its quarterly earnings results on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.06). On average, analysts predict that Oklo will post -8.2 EPS for the current year.

Insider Activity at Oklo

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

Institutional Trading of Oklo

Several institutional investors have recently modified their holdings of OKLO. Legal & General Group Plc grew its holdings in shares of Oklo by 417.9% during the 4th quarter. Legal & General Group Plc now owns 29,606 shares of the company’s stock worth $629,000 after purchasing an additional 23,889 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Oklo in the 4th quarter valued at $2,209,000. Barclays PLC boosted its stake in Oklo by 5.7% in the 4th quarter. Barclays PLC now owns 7,666 shares of the company’s stock valued at $163,000 after buying an additional 416 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Oklo in the 4th quarter valued at $125,000. Finally, Marshall Wace LLP acquired a new stake in Oklo in the 4th quarter valued at $1,250,000. Institutional investors and hedge funds 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.