Oklo (NYSE:OKLO) Raised to Strong-Buy at Seaport Res Ptn

Oklo (NYSE:OKLO) was upgraded by investment analysts at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Several other research firms also recently commented on OKLO. William Blair restated an “outperform” rating on shares of Oklo in a research report on Wednesday, November 12th. UBS Group lifted their price objective on Oklo from $65.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. The Goldman Sachs Group assumed coverage on shares of Oklo in a report on Thursday, September 25th. They issued a “neutral” rating and a $117.00 target price on the stock. BTIG Research reiterated a “neutral” rating on shares of Oklo in a research report on Tuesday, August 12th. Finally, Zacks Research raised shares of Oklo from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $102.87.

Oklo Stock Performance

Shares of Oklo stock opened at $103.92 on Monday. The firm has a market cap of $16.24 billion, a P/E ratio of -192.44 and a beta of 0.73. The firm’s 50-day simple moving average is $119.76 and its 200-day simple moving average is $88.67. Oklo has a twelve month low of $17.14 and a twelve month high of $193.84.

Oklo (NYSE:OKLO) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same period in the previous year, the company posted ($0.08) EPS. On average, equities analysts forecast that Oklo will post -8.2 earnings per share for the current fiscal year.

Insider Activity at Oklo

In other news, CEO Jacob Dewitte sold 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $112.26, for a total transaction of $33,678,000.00. Following the transaction, the chief executive officer directly owned 9,780,098 shares in the company, valued at approximately $1,097,913,801.48. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William Carroll Murphy Goodwin sold 11,936 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $101.84, for a total transaction of $1,215,562.24. Following the completion of the sale, the insider directly owned 8,750 shares of the company’s stock, valued at approximately $891,100. This represents a 57.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 467,800 shares of company stock valued at $51,531,823. Insiders own 18.90% of the company’s stock.

Institutional Trading of Oklo

Institutional investors and hedge funds have recently made changes to their positions in the business. Caldwell Sutter Capital Inc. acquired a new stake in shares of Oklo during the second quarter worth $25,000. Private Trust Co. NA bought a new position in Oklo during the second quarter worth about $25,000. Fourth Dimension Wealth LLC grew its position in shares of Oklo by 125.0% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock worth $25,000 after buying an additional 250 shares during the period. Armstrong Advisory Group Inc. bought a new stake in shares of Oklo in the 3rd quarter valued at about $27,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Oklo in the 2nd quarter valued at about $28,000. 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.