Oklo Inc. (NYSE:OKLO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Oklo Inc. (NYSE:OKLO) have been given a consensus rating of “Moderate Buy” by the nineteen ratings firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $103.20.

Several brokerages have commented on OKLO. Citigroup reaffirmed a “neutral” rating on shares of Oklo in a research report on Monday, November 24th. Zacks Research cut shares of Oklo from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. William Blair reiterated an “outperform” rating on shares of Oklo in a research note on Wednesday, November 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $106.00 price objective on shares of Oklo in a report on Friday, January 9th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $122.00 price target on shares of Oklo in a report on Wednesday, November 12th.

Oklo Stock Performance

Oklo stock opened at $65.83 on Tuesday. Oklo has a 52 week low of $17.42 and a 52 week high of $193.84. The firm has a market capitalization of $10.29 billion, a PE ratio of -121.90 and a beta of 0.76. The business’s 50-day simple moving average is $83.53 and its 200-day simple moving average is $96.83.

Insider Transactions at Oklo

In other news, insider William Carroll Murphy Goodwin sold 11,936 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $101.84, for a total value of $1,215,562.24. Following the sale, the insider directly owned 8,750 shares in the company, valued at $891,100. The trade was a 57.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jacob Dewitte sold 840,000 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $82.32, for a total transaction of $69,148,800.00. Following the transaction, the chief executive officer owned 1,580,000 shares of the company’s stock, valued at $130,065,600. The trade was a 34.71% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,762,526 shares of company stock worth $153,283,847. 18.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Oklo

Hedge funds have recently modified their holdings of the company. Caprock Group LLC purchased a new position in shares of Oklo during the third quarter valued at approximately $14,829,000. Black Swift Group LLC purchased a new position in Oklo during the second quarter valued at $280,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Oklo by 48.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 164,860 shares of the company’s stock valued at $18,403,000 after buying an additional 54,080 shares during the last quarter. Prospera Financial Services Inc boosted its holdings in Oklo by 10.0% in the second quarter. Prospera Financial Services Inc now owns 51,435 shares of the company’s stock worth $2,880,000 after acquiring an additional 4,678 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC purchased a new stake in shares of Oklo in the second quarter worth $738,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

About Oklo

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.