Oklo (NYSE:OKLO) Research Coverage Started at Barclays

Barclays initiated coverage on shares of Oklo (NYSE:OKLO) in a report published on Monday, Marketbeat.com reports. The brokerage issued an overweight rating and a $146.00 target price on the stock.

Several other research firms have also recently issued reports on OKLO. Craig Hallum cut 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. BNP Paribas upgraded shares of Oklo to a “strong sell” rating in a research note on Friday, July 25th. Daiwa America upgraded shares of Oklo from a “hold” rating to a “strong-buy” rating in a research note on Sunday, July 27th. BTIG Research reiterated a “neutral” rating on shares of Oklo in a research note on Tuesday, August 12th. Finally, William Blair reiterated an “outperform” rating on shares of Oklo in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Oklo has an average rating of “Hold” and a consensus target price of $83.77.

Oklo Price Performance

OKLO opened at $115.37 on Monday. The stock has a market capitalization of $17.03 billion, a PE ratio of -274.68 and a beta of 0.68. The firm’s fifty day moving average price is $85.05 and its 200 day moving average price is $55.96. Oklo has a 12-month low of $8.36 and a 12-month high of $144.49.

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

Insider Transactions at Oklo

In other news, insider William Carroll Murphy Goodwin sold 41,387 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $70.09, for a total transaction of $2,900,814.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Stuart Klein sold 50,000 shares of the company’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the transaction, the director owned 150,000 shares of the company’s stock, valued at $20,064,000. This represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 191,387 shares of company stock worth $19,020,580. Insiders own 18.90% of the company’s stock.

Hedge Funds Weigh In On Oklo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caldwell Sutter Capital Inc. bought a new position in Oklo in the 2nd quarter valued at about $25,000. Private Trust Co. NA bought a new position in Oklo in the 2nd quarter valued at about $25,000. Fourth Dimension Wealth LLC grew its position in Oklo by 125.0% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock valued at $25,000 after buying an additional 250 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Oklo in the 2nd quarter valued at about $28,000. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of Oklo by 107.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company’s stock valued at $33,000 after purchasing an additional 305 shares in the last quarter. 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.