Oklo (NYSE:OKLO) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Oklo (NYSE:OKLO) in a research note released on Thursday morning, Marketbeat reports. The brokerage issued a neutral rating and a $117.00 price objective on the stock.

Other analysts also recently issued research reports about the stock. Craig Hallum downgraded shares of Oklo from a “buy” rating to a “hold” rating and set a $59.00 price target on the stock. in a report on Monday, June 23rd. Bank of America initiated coverage on shares of Oklo in a report on Tuesday, August 26th. They issued a “buy” rating and a $92.00 price target on the stock. BTIG Research reaffirmed a “neutral” rating on shares of Oklo in a report on Tuesday, August 12th. Seaport Res Ptn downgraded shares of Oklo from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Citigroup raised their target price on shares of Oklo from $30.00 to $68.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Oklo currently has a consensus rating of “Hold” and a consensus target price of $76.50.

Oklo Price Performance

Shares of NYSE:OKLO opened at $119.19 on Thursday. The business’s 50 day simple moving average is $81.18 and its 200-day simple moving average is $53.55. The firm has a market capitalization of $17.59 billion, a price-to-earnings ratio of -283.78 and a beta of 0.59. Oklo has a 12 month low of $7.90 and a 12 month high of $144.49.

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, equities analysts anticipate that Oklo will post -8.2 earnings per share for the current year.

Insider Activity at Oklo

In related news, insider William Carroll Murphy Goodwin sold 41,387 shares of Oklo stock in a transaction on Friday, September 5th. The stock was sold at an average price of $70.09, for a total value of $2,900,814.83. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Richard Craig Bealmear sold 92,378 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $93.73, for a total value of $8,658,589.94. Following the sale, the chief financial officer directly owned 75,738 shares of the company’s stock, valued at approximately $7,098,922.74. This trade represents a 54.95% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 491,387 shares of company stock worth $35,580,580. Company insiders own 18.90% of the company’s stock.

Institutional Investors Weigh In On Oklo

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Oklo by 0.9% during the first quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company’s stock valued at $94,770,000 after acquiring an additional 37,718 shares during the period. Geode Capital Management LLC raised its stake in shares of Oklo by 195.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company’s stock valued at $125,906,000 after acquiring an additional 1,488,482 shares during the period. State Street Corp raised its stake in shares of Oklo by 454.5% in the 2nd quarter. State Street Corp now owns 2,138,658 shares of the company’s stock valued at $119,743,000 after acquiring an additional 1,752,946 shares during the period. Compound Planning Inc. raised its stake in shares of Oklo by 6.2% in the 1st quarter. Compound Planning Inc. now owns 964,827 shares of the company’s stock valued at $20,869,000 after acquiring an additional 56,437 shares during the period. Finally, Portland Investment Counsel Inc. raised its stake in shares of Oklo by 0.6% in the 1st quarter. Portland Investment Counsel Inc. now owns 807,580 shares of the company’s stock valued at $17,358,000 after acquiring an additional 5,000 shares during the period. 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.