Oklo Inc. (NYSE:OKLO) Given Average Recommendation of “Hold” by Analysts

Shares of Oklo Inc. (NYSE:OKLO) have received a consensus rating of “Hold” from the twenty-one analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $102.8667.

OKLO has been the topic of several recent research reports. Zacks Research raised Oklo from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. B. Riley boosted their price target on shares of Oklo from $58.00 to $129.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Needham & Company LLC began coverage on shares of Oklo in a research note on Friday, December 5th. They set a “buy” rating and a $135.00 price target on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Oklo in a research note on Wednesday, October 8th. Finally, Barclays set a $146.00 target price on shares of Oklo in a report on Monday, September 29th.

Insiders Place Their Bets

In other news, CFO Richard Craig Bealmear sold 5,159 shares of Oklo stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $76.97, for a total value of $397,088.23. Following the completion of the transaction, the chief financial officer owned 196,913 shares in the company, valued at approximately $15,156,393.61. The trade was a 2.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William Carroll Murphy Goodwin sold 5,864 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $88.42, for a total value of $518,494.88. Following the transaction, the insider directly owned 13,620 shares in the company, valued at approximately $1,204,280.40. This represents a 30.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,232,800 shares of company stock valued at $110,433,480 over the last ninety days. 18.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Triumph Capital Management bought a new position in Oklo during the third quarter valued at $49,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Oklo during the 3rd quarter worth about $114,000. Allworth Financial LP grew its holdings in Oklo by 10.1% during the 3rd quarter. Allworth Financial LP now owns 2,585 shares of the company’s stock valued at $289,000 after purchasing an additional 238 shares during the last quarter. IFP Advisors Inc raised its position in Oklo by 100.9% in the 3rd quarter. IFP Advisors Inc now owns 5,652 shares of the company’s stock worth $631,000 after purchasing an additional 2,839 shares during the period. Finally, Swiss Life Asset Management Ltd purchased a new stake in Oklo in the 3rd quarter worth about $535,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Oklo Stock Down 5.5%

OKLO opened at $76.85 on Monday. The company has a market capitalization of $12.01 billion, a PE ratio of -142.31 and a beta of 0.73. The firm has a 50-day simple moving average of $103.61 and a two-hundred day simple moving average of $91.56. Oklo has a 52 week low of $17.42 and a 52 week high of $193.84.

Oklo (NYSE:OKLO) last posted its 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 prior year, the firm posted ($0.08) earnings per share. As a group, sell-side analysts expect that Oklo will post -8.2 earnings per share for the current year.

Oklo Company Profile

Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.

The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.