Oklo Inc. (NYSE:OKLO) Given Consensus Rating of “Hold” by Brokerages

Shares of Oklo Inc. (NYSE:OKLO) have earned an average rating of “Hold” from the twenty analysts that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $98.1429.

Several research firms recently commented on OKLO. Zacks Research lowered Oklo from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. UBS Group set a $175.00 target price on shares of Oklo in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oklo in a research note on Wednesday, October 8th. Cantor Fitzgerald set a $73.00 price objective on shares of Oklo and gave the company an “overweight” rating in a report on Tuesday, July 15th. Finally, Bank of America reiterated a “neutral” rating and issued a $117.00 price target (up previously from $92.00) on shares of Oklo in a research note on Tuesday, September 30th.

Insider Buying and Selling at Oklo

In other news, CFO Richard Craig Bealmear sold 7,622 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $101.44, for a total value of $773,175.68. Following the transaction, the chief financial officer owned 121,913 shares of the company’s stock, valued at approximately $12,366,854.72. The trade was a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $70.09, for a total transaction of $2,900,814.83. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 491,387 shares of company stock valued at $52,698,580 over the last ninety days. 18.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Oklo

A number of institutional investors have recently made changes to their positions in OKLO. Vanguard Group Inc. raised its holdings in shares of Oklo by 33.4% in the 3rd quarter. Vanguard Group Inc. now owns 11,593,468 shares of the company’s stock worth $1,294,179,000 after purchasing an additional 2,901,909 shares during the period. Geode Capital Management LLC raised its holdings in Oklo by 195.9% in the second 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 in the last quarter. State Street Corp lifted its position in shares of Oklo by 454.5% during the second quarter. State Street Corp now owns 2,138,658 shares of the company’s stock worth $119,743,000 after purchasing an additional 1,752,946 shares during the last quarter. Compound Planning Inc. grew its position in shares of Oklo by 6.2% in the 1st quarter. Compound Planning Inc. now owns 964,827 shares of the company’s stock worth $20,869,000 after acquiring an additional 56,437 shares in the last quarter. Finally, Portland Investment Counsel Inc. boosted its holdings in Oklo by 0.6% in the first quarter. Portland Investment Counsel Inc. now owns 807,580 shares of the company’s stock worth $17,358,000 after purchasing an additional 5,000 shares during the period. 85.03% of the stock is owned by institutional investors and hedge funds.

Oklo Trading Up 4.9%

NYSE:OKLO opened at $112.02 on Friday. The company has a market capitalization of $16.54 billion, a P/E ratio of -266.71 and a beta of 0.70. Oklo has a 12 month low of $17.14 and a 12 month high of $193.84. The business’s 50-day moving average is $119.65 and its 200 day moving average is $78.02.

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

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.